The integration of circular economy (CE) models into everyday contexts generates huge amount of data involved in goods tracking and tokenization procedures. The sector of blockchain platforms is extremely varied, and the choice of the proper technology is not easy. It is important that the selection is conducted consistently with respect to the CE models. With this study, we present a performance index named Blockchain Circular Economy Index (BCEI). BCEI, obtained through Multicriteria Decision Analysis and Analytic Hierarchy Process, aims to measure the suitability of blockchain platforms to the needs highlighted by a CE scenario. The present study is contextualized by comparing six blockchain platforms, for each of which, the related BCEI is calculated. The results of the analysis show that transaction fee and energy consumption are the two most critical parameters. In addition, the results show the lack of a leading blockchain technology in CE models. Thus, there is a market space that can be exploited given the growing interest in digital and sustainable issues.

Digitalizing Circular Economy through Blockchains: The Blockchain Circular Economy Index / Basile, Davide; D'Adamo, Idiano; Goretti, Valerio; Rosa, Paolo. - In: JOURNAL OF INDUSTRIAL AND PRODUCTION ENGINEERING. - ISSN 2168-1015. - (2023), pp. 1-13. [10.1080/21681015.2023.2173317]

Digitalizing Circular Economy through Blockchains: The Blockchain Circular Economy Index

Davide Basile;Idiano D’Adamo
;
Valerio Goretti;
2023

Abstract

The integration of circular economy (CE) models into everyday contexts generates huge amount of data involved in goods tracking and tokenization procedures. The sector of blockchain platforms is extremely varied, and the choice of the proper technology is not easy. It is important that the selection is conducted consistently with respect to the CE models. With this study, we present a performance index named Blockchain Circular Economy Index (BCEI). BCEI, obtained through Multicriteria Decision Analysis and Analytic Hierarchy Process, aims to measure the suitability of blockchain platforms to the needs highlighted by a CE scenario. The present study is contextualized by comparing six blockchain platforms, for each of which, the related BCEI is calculated. The results of the analysis show that transaction fee and energy consumption are the two most critical parameters. In addition, the results show the lack of a leading blockchain technology in CE models. Thus, there is a market space that can be exploited given the growing interest in digital and sustainable issues.
2023
Blockchain; circular economy; digitalization; multicriteria decision analysis
01 Pubblicazione su rivista::01a Articolo in rivista
Digitalizing Circular Economy through Blockchains: The Blockchain Circular Economy Index / Basile, Davide; D'Adamo, Idiano; Goretti, Valerio; Rosa, Paolo. - In: JOURNAL OF INDUSTRIAL AND PRODUCTION ENGINEERING. - ISSN 2168-1015. - (2023), pp. 1-13. [10.1080/21681015.2023.2173317]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1669144
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