Journal
RESOURCES CONSERVATION AND RECYCLING
Volume 163, Issue -, Pages -Publisher
ELSEVIER
DOI: 10.1016/j.resconrec.2020.105064
Keywords
Blockchain; Supply chain; Sustainability; Industry 4.0; IoT; Circular economy
Categories
Funding
- US National Science Foundation [2017971]
- Div Of Chem, Bioeng, Env, & Transp Sys
- Directorate For Engineering [2017971] Funding Source: National Science Foundation
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The objective of this study is to provide an overview of Blockchain technology and Industry 4.0 for advancing supply chains towards sustainability. First, extracted from the existing literature, we evaluate the capabilities of Industry 4.0 for sustainability under three main topics of (1) Internet of things (IoT)-enabled energy management in smart factories; (2) smart logistics and transportation; and (3) smart business models. We expand beyond Industry 4.0 with unfolding the capabilities that Blockchain offers for increasing sustainability, under four main areas: (1) design of incentive mechanisms and tokenization to promote consumer green behavior; (2) enhance visibility across the entire product lifecycle; (3) increase systems efficiency while decreasing development and operational costs; and (4) foster sustainability monitoring and reporting performance across supply chain networks. Furthermore, Blockchain technology capabilities for contributing to social and environmental sustainability, research gaps, adversary effects of Blockchain, and future research directions are discussed.
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