Blockchain Technology for Sustainable Industry

Blockchain technology was invented in 2008 after emergence of Bitcoin in order to provide a quick, safe and secure way transacting digitally through electronic devices. The system was later adopted by banks and other industries in the economy since it was safe and transparent. This study discusses blockchain technology and its role in enabling sustainability among industries. The study relies on secondary data from a comprehensive literature review of thesis publications, peer-reviewed articles and, journals. The research has five sections: introduction, literature review, methodology, discussion of findings and conclusion. Data and findings were derived from systematic literature review through qualitative synthesis to assess the themes and conclusions of each journal and article. The study concludes that blockchain technology facilitates sustainability through green logistics and transportation, IoT enabled energy management and smart business models such as social manufacturing and circular economy. Blockchain technology was invented in 2008 after emergence of Bitcoin in order to provide a quick, safe and secure way transacting digitally through electronic devices. The system was later adopted by banks and other industries in the economy since it was safe and transparent. This study discusses blockchain technology and its role in enabling sustainability among industries. The study relies on secondary data from a comprehensive literature review of thesis publications, peer-reviewed articles and, journals. The research has five sections: introduction, literature review, methodology, discussion of findings and conclusion. Data and findings were derived from systematic literature review through qualitative synthesis to assess the themes and conclusions of each journal and article. The study concludes that blockchain technology facilitates sustainability through green logistics and transportation, IoT enabled energy management and smart business models such as social manufacturing and circular economy.