Blockchain-based circular economy for achieving environmental sustainability in the Indian electronic MSMEs
- Title
- Blockchain-based circular economy for achieving environmental sustainability in the Indian electronic MSMEs
- Creator
- Mukherjee S.; Nagariya R.; Baral M.M.; Patel B.S.; Chittipaka V.; Rao K.S.; Rao U.V.A.
- Description
- Purpose: The circular economy is a production and consumption model that encourages people to share, lease, reuse, repair, refurbish and recycle existing materials and products for as long as possible. The blockchain-based circular economy is being used in many industries worldwide, but Indian electronic MSMEs face many problems in adopting a blockchain-based circular economy. The research aims to discover the barriers the electronic MSMEs face in adopting a blockchain-based circular economy and pull back from achieving environmental sustainability in their operations. Design/methodology/approach: Fifteen barriers are identified from the literature review and finalized with experts' opinions. These barriers are evaluated by using interpretive structural modeling (ISM), MICMAC analysis and fuzzy TOPSIS method. Findings: Lack of support from distribution channels, lack of traceability mechanism and customer attitudes toward purchasing remanufactured goods are identified as the most critical barriers. Practical implications: The study will benchmark the electronic MSMEs in achieving environmental sustainability in the blockchain-based circular economy. Originality/value: It is a study that not only establishes a hierarchical relationship among the barriers of blockchain adoption in Indian electronic MSMEs but also verifies the results with fuzzy TOPSIS method. 2022, Emerald Publishing Limited.
- Source
- Management of Environmental Quality: An International Journal, Vol-34, No. 4, pp. 997-1017.
- Date
- 2023-01-01
- Publisher
- Emerald Publishing
- Subject
- Barriers; Blockchain; Circular economy (CE); Environmental sustainability; FuzzyTOPSIS; MSMEs
- Coverage
- Mukherjee S., Department of Operations, GITAM School of Business, GITAM (Deemed to be University), Visakhapatnam, India; Nagariya R., School of Business and Management, CHRIST University, Delhi NCR Campus, Ghaziabad, India; Baral M.M., Department of Operations, GITAM School of Business, GITAM (Deemed to be University), Visakhapatnam, India; Patel B.S., Department of Operations, Thiagarajar School of Management, Madurai, India; Chittipaka V., Department of Management Studies, IGNOU, New Delhi, India; Rao K.S., Department of Operations, GITAM School of Business, GITAM (Deemed to be University), Visakhapatnam, India; Rao U.V.A., Department of Operations, GITAM School of Business, GITAM (Deemed to be University), Visakhapatnam, India
- Rights
- Restricted Access
- Relation
- ISSN: 14777835
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Mukherjee S.; Nagariya R.; Baral M.M.; Patel B.S.; Chittipaka V.; Rao K.S.; Rao U.V.A., “Blockchain-based circular economy for achieving environmental sustainability in the Indian electronic MSMEs,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 27, 2025, https://archives.christuniversity.in/items/show/14230.