Blockchain in circular economy: a Short survey

Alnajdawi, R.; Elhoseny, M.; Clark, A.; Gaber, T.

Abstract

Resource consumption is increasing globally. Global resource consumption has surged by over 65%, contributing to 70% of greenhouse gases (GHGs), raising concerns for future generations. Circular economy offers a strategic approach that perpetuates materials and regenerates nature, particularly with key materials, to potentially reduce GHGs by 40% by 2050. However, circular economy implementation faces challenges, notably in tracking material lifecycles. Due to the complexity of tracking material lifecycles, technology is needed, most notably, blockchain. This paper will review blockchain applications in the circular economy through existing literature. A total of 27 publications were reviewed where future research of the publications were also revealed.

• Presentation Conference Type: Conference Paper (published)
• Conference Name: 4th International Conference on Distributed Sensing and Intelligent Systems (ICDSIS 2023)
• Online Publication Date: Jan 26, 2024
• Publication Date: Jan 26, 2024
• Deposit Date: Jan 23, 2025
• Journal: IET Conference Proceedings
• Peer Reviewed: Peer Reviewed
• Volume: 2023
• Issue: 39
• Pages: 451-460
• DOI: https://doi.org/10.1049/icp.2024.0526