The factors behind block-chain technology that boost the circular economy: An organizational perspective

Abstract

All authorities are attracted to the circular economy due to the excessive use of industrial production. In this vein, the importance of digitization has gained huge attention. Digital technology, particularly block-chain technology, enlightens a new face of industry and economy that stimulates corporate social action. In this setting, we trying to probe the connection amid block-chain technology and circular economy with help of organization factors, agility, institutional, strategic, and green knowledge management as the moderators. After a series of tests in the Chinese corporate sector, we unfold the theoretical concept of block-chain technology that assists in enhancing circular economy practices at the corporate level. We further pinpoint the importance of major organizational factors such as organizational agility, institutional factors, strategic factors, and green knowledge management that are actually responsible for improved circular economy practices. We importantly unveil the way to strengthen the connection amid block-chain technology and the circular economy, which is possible through the effective role of organizational agility, institutional factors, strategic factors, and green knowledge management. We offers guidance to policy makers for improving circular economy through the implication of block-chain technology. This study clarifies the function of organizational elements for enhancing circular economy and block-chain technology connection.