Speculating on the application of blockchains in the circular economy
Plinio Limata · RePEc: Research Papers in Economics · 2019
Can the blockchain be the infrastructure of the circular economy paradigm? In the present paper, we first explore the concepts of the blockchain and circular economy and consider why and how they could interact. Our inquiry of the literature provides a positive theoretical answer. However, shortcomings are also reviewed in terms of their practical implementation. Much will depend on how the blockchain technology and its functionalities (e.g., smart contracts, distributed autonomous organizations) will be able to support the circular economy ecosystem.