A recycling model based on blockchain and reverse logistics for remanufacturing

Abstract

ABSTRACT This paper addresses the challenge of integrating discarded products as pivotal raw materials in the remanufacturing process. The pervasive lack of transparency in the origin of discarded products and the prevalent issues of diminished recycling value in existing market recycling models underscore the need for a transformative solution. In response, this study introduces a novel remanufacturing-centric recycling framework that harnesses blockchain (BC) technology and reverse logistics (RL). This framework orchestrates transactions within the recycling market by systematically tracking the quality attributes of products. The proposed model innovates by deploying dynamic game theory to devise recycling pricing strategies tailored for recycling entities. Additionally, the incorporation of an appraisal mechanism for recycled product quality enhances the capability of recycling entities to acquire high-value items. The model’s viability and pioneering attributes are corroborated through a case study involving a retailer’s engine recycling strategy. The empirical findings validate the model’s potential in creating a standardized market for recycling high-value products, thereby empowering remanufacturers to access superior-quality discarded materials through optimized recycling channels.