Blockchain For A Circular Economy An Explorative Research Towards The Feasibility Of Blockchain In Enhancing The Implemented Material Passport And Life Cycle Assessment Methodology Within Construction Sector In The Netherlands
Abstract
SUMMARY
Stimulating economic growth and material resources, as well as preserving the world's
population's livelihood are culminating the implementation of linear economy in the construction
industry that refuses to appreciate the importance of recycling, reusing, and efficient waste
management, contributing to material waste, and greenhouse gas emissions, consequently
damaging the environment. A lack of information is often cited as main problems that lead to waste
and greenhouse gas emission release. Therefore, material passport and life cycle assessment
methodology (LCA) are implemented to fill this information gap; nevertheless, material passport
and LCA methodology face barriers that could prevent the optimization their use. Using semistructured
interview,
there
is
analyzed
which
opportunities,
barriers
of
material
passport
and
LCA
methodology
which
aspects
can
be
addressed
through
salient
features
of
blockchain
technology.
Concluding
that disintermediation, transparency, as well as immutability being the prominent
features offered by blockchain can add value to the applied material passport and LCA
methodology, through the identification of material ownership as well as assessment the validity
and reliability of information source, and the calculation of energy usage, both material and built
environment carbon footprint. This research contributes to the realization of sustainable
construction industry in the Netherlands through carbon footprint monitoring as well as waste
reduction by highlighting important aspects of material passport and LCA methodology and which
features of blockchain technology may add value to the implemented tools.
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- Economics [2152]