Towards greener trade and global supply chain environmental accounting. An embodied environmental resources blockchain design

• Published in: International journal of production research Vol. 62; no. 8; pp. 2705 - 2724
• Main Authors: Tian, Xu, Sarkis, Joseph
• Format: Journal Article
• Language: English
• Published: London Taylor & Francis 17-04-2024; Taylor & Francis LLC
• Subjects: Blockchain; Consumption; embodied flows; Environmental accounting; international; International trade; Production methods; supply chain; Supply chain management; Supply chains; sustainable production and consumption; Trade
• ISSN: 0020-7543; 1366-588X
• DOI: 10.1080/00207543.2023.2232890

International trade, through global supply chains, is central to global sustainable production and consumption. Redistribution of environmental resources impacts through international trade has become apparent in ecological research - and may have long-term design and planning implications for production and supply chain management. However, current trade and production accounting methods are still incapable of providing accurate and reliable results for policymakers and organisational decision makers to manage global and supply chain trade issues. In this study, a blockchain-based conceptual framework for embodied environmental resources accounting in trade is proposed to address global supply chain and trade issues. Framework design, benefits, and challenges are also discussed. Future research and linkage to theory are also provided. This study provides a strong systemic foundation for managing environmental resources at the nexus of international trade, sustainable production, and global supply chains.