Blockchain Technology and Green Supply Chain Management (GSCM) – Improving Environmental and Energy Performance in Multi-echelon Supply Chains

Abstract

In this competitive and technology driven world, businesses are striving to gain benefits of environmental sustainability and energy conservation by implementing the latest technologies in their supply chains. A promising way of evaluating the environmental performance of a product or a process is Life Cycle Assessment (LCA) modelling, but the reliability of LCA results is mostly compromised due to the lack of real data from upstream and downstream supply chains. Our research aim is to drive LCA modelling through Blockchain Technology (BCT) and internet-of-things which have the capability to record reliable, transparent, and secure data from across the supply chain. The modified LCA model will provide various industries with the quantified benefits of BCT in terms of industrial emissions reduction. This conference paper reflects the 1st stage of research where we carried out a detailed literature review on potential use of blockchain technology in green supply chain management and based on the findings, we developed an integrative framework architecture for the supply chain of a supermarket product. In the next phase, the integration of BCT and LCA will be studied in food supply chains using a supermarket case study of Walmart-IBM developed blockchain consortium.