Fostering the Circular Economy with Blockchain Technology: Insights from a Bibliometric Approach

Circ Econ Sustain. 2023 Jan 16:1-21. doi: 10.1007/s43615-023-00250-9. Online ahead of print.

Abstract

The circular economy is an emerging paradigm with important economic, environmental, and societal implications. As the world faces such paradigm shifts, new and radical technologies are urgently needed to enable it; blockchain technology can assist to accomplish the aforementioned circular economy shift given its decentralization and distributiveness principles as well as its smart contract capability. This study represents one of the first attempts to analyze those academic research domains together adopting a science mapping technique. By adopting such approach, the study envisages research challenges, highlights important research gaps, and proposes future paths in the blockchain and circular economy fields. Among the others, key findings show that blockchain technology as a tool for promoting the circular economy has been extensively researched at the micro (i.e., firm) and meso levels (i.e., supply chain) more effort on how blockchain can support the development of circular smart cites and measurement tools for providing information to stakeholders and assisting in policy creation expresses the greatest potential in terms of novel research. Moreover, the research suggests that another possible stream of research might be dealing on how blockchain together with physical technologies (e.g., 3D printing, RFID), can support the transition towards the circular economy.

Keywords: Blockchain; COVID-19; Circular economy; Industry 4.0; Smart city.