University of Oulu

Llano, E. A., Hurmelinna-Laukkanen, P., & Haapanen, L. (2023). Circular Economy, Blockchain, and Global Value chains – A meso-level examination. The International Society for Professional Innovation Management (ISPIM).

Circular economy, blockchain, and global value chains : a meso-level examination

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Author: Acosta Llano, Eduardo1; Hurmelinna-Laukkanen, Pia1; Haapanen, Lauri1
Organizations: 1University of Oulu Business School, PO Box 4600, 90014 Oulu, Finland
Format: article
Version: published version
Access: open
Online Access: PDF Full Text (PDF, 0.4 MB)
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Language: English
Published: International society for professiornal innovation management, 2023
Publish Date: 2023-11-03


High costs, complex supply chains, insufficient collaboration, low information exchange, quality constraints, and a lack of disassembly procedures are impeding the transition to circular economy (CE). Blockchain technology (BT) has been proposed as a solution to some of these issues, leading to increased academic attention. Nevertheless, there is little knowledge of how CE and BT may interact at the meso-level (Industrial Symbiosis, IS) in a global context. To address this issue, the present study investigates the role of the IS in the context of global value chains (GVC). After interviews with four meso-level organizations in Finland, we found that their biggest challenge is the low volume and infrequency of industrial waste to recycle/reuse, plus lacking quality, and composition information. Regulation and high costs were also identified as common difficulties. We propose potential uses of BT to support these challenges, given our findings on the diverse roles played by such organizations.

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ISBN: 978‐952‐65069‐3‐7
Pages: 1 - 18
Host publication: ISPIM Conference Proceedings : XXXIV ISPIM Innovation Conference
Host publication editor: Bitran, Iain
Bitetti, Leandro
Conn, Steffen
Fishburn, Jessica
Ritala, Paavo
Torkkeli, Marko
Yang, Jialei
Conference: ISPIM Innovation Conference
Type of Publication: A4 Article in conference proceedings
Field of Science: 512 Business and management
Copyright information: © 2023 Authors.