Blockchain Based Reverse Logistics Data Tracking: An Innovative Approach to Enhance E - Waste Recycling Efficiency
DOI:
https://doi.org/10.53469/wjimt.2024.07(04).02Keywords:
Blockchain technology, E-waste recycling, Reverse logistics, Circular economyAbstract
This study explores the application of blockchain technology in e-waste recycling, focusing on enhancing reverse logistics data tracking. A blockchain-based system integrating IoT sensors, smart contracts, and a token-based incentive mechanism was designed and implemented. The case study in Metropolis demonstrated significant improvements in e-waste management efficiency. Recycling rates increased by 27%, material recovery efficiency improved by 18%, and stakeholder participation doubled. The system processed an average of 50,000 transactions daily, proving its scalability. The blockchain implementation addressed key challenges in e-waste management, including lack of transparency and inefficient processes. The immutable audit trail enhanced traceability, fostering trust among participants. The token-based incentive system drove behavioral changes, increasing consumer participation by 119%. The study contributes to the theoretical understanding of blockchain applications in environmental management and extends literature on reverse logistics. Practical implications include a blueprint for implementing blockchain-based e-waste management systems, insights for policymakers, and opportunities for technology developers. The research demonstrates blockchain's potential to address environmental challenges, offering a promising path towards sustainable resource management practices. Future research directions include exploring cross-border e-waste management and integrating artificial intelligence for predictive analytics.
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