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A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership

Author

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  • Alessandra Tafuro

    (Dipartimento di Scienze dell’Economia, Università del Salento, 73100 Lecce, Italy)

  • Giuseppe Dammacco

    (Dipartimento di Economia, Management e Diritto dell’Impresa, Università degli Studi di Bari Aldo Moro, 70124 Bari, Italy)

  • Antonio Costa

    (Dipartimento di Scienze dell’Economia, Università del Salento, 73100 Lecce, Italy)

Abstract

Background: Studies have highlighted how public–private partnerships are characterized by a lack of transparency, low availability of data, low accountability, and, often, strong opportunism. All these factors do not allow potential interested parties to trust it. This undermines the possibility of good cooperation between the public and private sectors and has presented a great limit for the Public Private Partnerships (PPPs) diffusion. Several articles in the literature highlight, in general, the numerous advantages generated using the blockchain in different organizations. The adoption of blockchain in the operation of PPPs could be a solution to overcome the limitations encountered in public–private partnerships. The aim of this study is to propose a theoretical framework aimed at connecting two topics (PPPs and Blockchain)—analyzed separately by literature—to highlight how blockchain can correct the limitations inherent to the functioning of traditional PPPs. Methods: The authors applied a qualitative research method to examine the role of blockchain from a PPP perspective. The authors present a conceptual work in which they advance a theoretical framework by integrating and proposing new relationships between constructs and developing logical arguments for these associations. Through a problem-focused approach, besides presenting a solution to overcome the critical issues, the authors also put forward ideas to help fill a gap in the literature to date. Results: The study showed that blockchain can generate a major shift in the function of PPPs. On the one hand, it makes it possible to overcome many limitations that have hindered the development of partnerships, thus making it possible to spread them further, while on the other hand, it has a positive impact on the strategic role of PPPs in achieving sustainable development goals. Conclusions: Blockchain technology is considered very immature, probably because a single underlying standard does not exist and concepts are difficult to master. Based on state-of-the-art standards, blockchain has the potential to be considered a transformative or even disruptive innovation for PPPs.

Suggested Citation

  • Alessandra Tafuro & Giuseppe Dammacco & Antonio Costa, 2023. "A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership," Administrative Sciences, MDPI, vol. 13(8), pages 1-15, July.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:8:p:175-:d:1207448
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    References listed on IDEAS

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    1. Min, Hokey, 2019. "Blockchain technology for enhancing supply chain resilience," Business Horizons, Elsevier, vol. 62(1), pages 35-45.
    2. Darrin Grimsey & Mervyn K. Lewis, 2005. "Are Public Private Partnerships value for money?," Accounting Forum, Taylor & Francis Journals, vol. 29(4), pages 345-378, December.
    3. Matti Siemiatycki & Naeem Farooqi, 2012. "Value for Money and Risk in Public–Private Partnerships," Journal of the American Planning Association, Taylor & Francis Journals, vol. 78(3), pages 286-299.
    4. Carlos Oliveira Cruz & Joaquim Miranda Sarmento, 2017. "Reforming traditional PPP models to cope with the challenges of smart cities," Competition and Regulation in Network Industries, , vol. 18(1-2), pages 94-114, March.
    5. Saidel Judith, 2017. "Smart Partnership in Contracting: Thriving in a Period of Intense Policy Uncertainty," Nonprofit Policy Forum, De Gruyter, vol. 8(2), pages 121-132, September.
    6. Fabio De Matteis & Giovanni Notaristefano & Piervito Bianchi, 2021. "Public—Private Partnership Governance for Accessible Tourism in Marine Protected Areas (MPAs)," Sustainability, MDPI, vol. 13(15), pages 1-14, July.
    7. Wermeille, A. & Chanet, J.P. & Berducat, M. & Didelot, D., 2015. "Stakeholders involvement on establishing public-private partnerships through innovation in agricultural mechanization: a case study," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 4(2), January.
    8. Marta Marsilio & Giulia Cappellaro & Corrado Cuccurullo, 2011. "The Intellectual Structure Of Research Into PPPs," Public Management Review, Taylor & Francis Journals, vol. 13(6), pages 763-782, September.
    9. Pascual Berrone & Joan Enric Ricart & Ana Isabel Duch & Valeria Bernardo & Jordi Salvador & Juan Piedra Peña & Miquel Rodríguez Planas, 2019. "EASIER: An Evaluation Model for Public–Private Partnerships Contributing to the Sustainable Development Goals," Sustainability, MDPI, vol. 11(8), pages 1-25, April.
    10. Stefan Verweij & Ingmar van Meerkerk, 2021. "Do public–private partnerships achieve better time and cost performance than regular contracts?," Public Money & Management, Taylor & Francis Journals, vol. 41(4), pages 286-295, May.
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    Cited by:

    1. Marsela Thanasi Boçe & Julian Hoxha, 2024. "Blockchain Technology as a Catalyst for Sustainable Development: Exploring Economic, Social, and Environmental Synergies," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 13, March.

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    Keywords

    PPP; blockchain; trust; SDGs;
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