> ## Documentation Index
> Fetch the complete documentation index at: https://docs.theblockchainlibrary.com/llms.txt
> Use this file to discover all available pages before exploring further.

# A blockchain-based circular economy taxonomy model for supply chain risks

> This paper proposes a novel framework for managing supply chain risks through the implementation of a blockchain-based circular economy taxonomy. The author not

# A blockchain-based circular economy taxonomy model for supply chain risks

This paper proposes a novel framework for managing supply chain risks through the implementation of a blockchain-based circular economy taxonomy. The author not

## Abstract

This paper proposes a novel framework for managing supply chain risks through the implementation of a blockchain-based circular economy taxonomy. The author notes that global supply chains are increasingly fragmented and susceptible to opacity, leading to inefficient waste management and high-risk environmental impacts. The study introduces a standardized model that uses distributed ledgers to track the lifecycle of products, from raw material procurement to end-of-life recycling. By assigning unique identifiers on a blockchain, the model allows participants in the supply chain to verify the sustainability credentials and risk profiles of their partners. The research demonstrates how blockchain-enabled transparency facilitates circular business models, such as product-as-a-service and predictive maintenance, thereby reducing systemic risk. The paper concludes by providing a taxonomy for evaluating blockchain adoption in circular supply chains, emphasizing that interoperability and data quality are foundational for these systems to successfully mitigate ecological and operational supply chain risks.

**Authors:** M. Shoaib

**Publication:** Academic Paper

**Publication date:** 2024-01-01

## Key findings

* Blockchain provides the necessary transparency to enable circular economy metrics in complex supply chains.
* A standardized taxonomy is essential for tracking and mitigating supply chain risks at scale.
* Distributed ledgers facilitate greater accountability for environmental impacts across distributed partner networks.
* Circular economy models enabled by blockchain allow for proactive rather than reactive risk management.

## Citation

M. Shoaib (2024). A blockchain-based circular economy taxonomy model for supply chain risks. Academic Paper. [https://www.sciencedirect.com/science/article/abs/pii/S0098135425005204](https://www.sciencedirect.com/science/article/abs/pii/S0098135425005204)

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**Canonical knowledge ID:** `research:a-blockchain-based-circular-economy-taxonomy-model-for-supply-chain-risks`