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Article

At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion

1
Foisie Business School, Worcester Polytechnic Institute, Worcester, MA 01609, USA
2
Hanken School of Economics, 00100 Helsinki, Finland
3
College of Business Administration, The University of Alabama in Huntsville, Huntsville, AL 35899, USA
*
Author to whom correspondence should be addressed.
Appl. Sci. 2019, 9(8), 1712; https://doi.org/10.3390/app9081712
Received: 3 April 2019 / Revised: 15 April 2019 / Accepted: 16 April 2019 / Published: 25 April 2019
(This article belongs to the Special Issue Advances in Blockchain Technology and Applications)
The circular economy (CE) is an emergent concept to rethink and redesign how our economy works. The concept recognizes effective and efficient economic functioning at multiple scales—governments and individuals, globally and locally; for businesses, large and small. CE represents a systemic shift that builds long-term resilience at multiple levels (macro, meso and micro); generating new business and economic opportunities while providing environmental and societal benefits. Blockchain, an emergent and critical technology, is introduced to the circular economy environment as a potential enabler for many circular economic principles. Blockchain technology supported information systems can improve circular economy performance at multiple levels. Product deletion, a neglected but critical effort in product management and product portfolio management, is utilized as an illustrative business scenario as to blockchain’s application in a circular economy research context. Product deletion, unlike product proliferation, has received minimal attention from both academics and practitioners. Product deletion decisions need to be evaluated and analyzed in the circular economy context. CE helps address risk aversion issues in product deletions such as inventory, waste and information management. This paper is the first to conceptualize the relationships amongst blockchain technology, product deletion and the circular economy. Many nuances of relationships are introduced in this study. Future evaluation and critical reflections are also presented with a need for a rigorous and robust research agenda to evaluate the multiple and complex relationships and interplay amongst technology, policy, commerce and the natural environment. View Full-Text
Keywords: blockchain technology; circular economy; product deletion; sustainability; supply chain blockchain technology; circular economy; product deletion; sustainability; supply chain
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MDPI and ACS Style

Kouhizadeh, M.; Sarkis, J.; Zhu, Q. At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion. Appl. Sci. 2019, 9, 1712. https://doi.org/10.3390/app9081712

AMA Style

Kouhizadeh M, Sarkis J, Zhu Q. At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion. Applied Sciences. 2019; 9(8):1712. https://doi.org/10.3390/app9081712

Chicago/Turabian Style

Kouhizadeh, Mahtab, Joseph Sarkis, and Qingyun Zhu. 2019. "At the Nexus of Blockchain Technology, the Circular Economy, and Product Deletion" Applied Sciences 9, no. 8: 1712. https://doi.org/10.3390/app9081712

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