Investigating Assumptions and Proposals for Blockchain Integration in the Circular Economy. A Delphi Study

Abstract

Given the rising interest in the circular economy and blockchain hype, numerous integrations were proposed. However, studies on the practical feasibility were scarce, and the assumptions of blockchain potential in the circular economy were rarely questioned. With the help of eleven of the most prominent blockchain experts, the present study critically analyzed technology integration in many areas of the circular economy to forecast their possible outcomes. Delphi's technique is leveraged to reach a consensus among experts' visions and opinions. Results support the view that some circular economy integrations are unlikely to succeed, while others if specific conditions are met, may prove to be successful in the long run.