IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v212y2025ics1364032125001170.html
   My bibliography  Save this article

Assessing the viability of blockchain technology in renewable energy supply chains: A consolidation framework

Author

Listed:
  • Babaei, Ardavan
  • Babaee Tirkolaee, Erfan
  • Ali, Sadia Samar

Abstract

The growing focus on sustainability has propelled heightened scrutiny toward energy supply chains. Blockchain technology stands poised to revolutionize these chains, introducing stability-enhancing factors. Nevertheless, like other nascent technologies, blockchain's integration, while laden with advantages, poses challenges across technical, stakeholder, environmental, and governmental domains within the energy supply chain. Consequently, a thorough assessment of blockchain's applicability in supply chains is imperative for informed decision-making among supply chain managers. However, disparate decision-making methodologies often yield divergent outcomes. Given the substantial costs involved, particularly in capital, adopting blockchain technology in the energy supply chain demands precision. To address this complexity, this study develops a consolidation framework grounded in efficiency, risk, and uncertainty considerations to harmonize the diverse evaluations of blockchain adoption viability in renewable energy supply chains. Employing a data-driven optimization model in conjunction with an importance determination model, we assess and prioritize the impact of blockchain challenges individually. Subsequently, a fuzzy tri-objective optimization model is utilized to amalgamate findings from preceding evaluations, determining the ultimate significance of blockchain challenges. These models are then validated through a case study focusing on the electricity supply chain, affirming the pivotal role of investment costs and blockchain deployment as primary hurdles in utilizing blockchain within renewable energy supply chains.

Suggested Citation

  • Babaei, Ardavan & Babaee Tirkolaee, Erfan & Ali, Sadia Samar, 2025. "Assessing the viability of blockchain technology in renewable energy supply chains: A consolidation framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 212(C).
    • Handle: RePEc:eee:rensus:v:212:y:2025:i:c:s1364032125001170
    DOI: 10.1016/j.rser.2025.115444
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032125001170
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2025.115444?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Ardavan Babaei & Majid Khedmati & Mohammad Reza Akbari Jokar & Erfan Babaee Tirkolaee, 2022. "Performance Evaluation of Omni-Channel Distribution Network Configurations considering Green and Transparent Criteria under Uncertainty," Sustainability, MDPI, vol. 14(19), pages 1-15, October.
    2. Singh, Atul Kumar & Kumar, V.R. Prasath & Dehdasht, Gholamreza & Mohandes, Saeed Reza & Manu, Patrick & Pour Rahimian, Farzad, 2023. "Investigating barriers to blockchain adoption in construction supply chain management: A fuzzy-based MCDM approach," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    3. Hmouda, Ahmed M.O. & Orzes, Guido & Sauer, Philipp C., 2024. "Sustainable supply chain management in energy production: A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    4. Hosseini Dehshiri, Seyyed Jalaladdin & Amiri, Maghsoud & Mostafaeipour, Ali & Le, Ttu, 2024. "Integrating blockchain and strategic alliance in renewable energy supply chain toward sustainability: A comparative decision framework under uncertainty," Energy, Elsevier, vol. 304(C).
    5. Mahtab Kouhizadeh & Joseph Sarkis, 2018. "Blockchain Practices, Potentials, and Perspectives in Greening Supply Chains," Sustainability, MDPI, vol. 10(10), pages 1-16, October.
    6. Ioanna Andreoulaki & Aikaterini Papapostolou & Vangelis Marinakis, 2024. "Evaluating the Barriers to Blockchain Adoption in the Energy Sector: A Multicriteria Approach Using the Analytical Hierarchy Process for Group Decision Making," Energies, MDPI, vol. 17(6), pages 1-27, March.
    7. Reza Lotfi & Soroush Safavi & Alireza Gharehbaghi & Sara Ghaboulian Zare & Reza Hazrati & Gerhard-Wilhelm Weber, 2021. "Viable Supply Chain Network Design by considering Blockchain Technology and Cryptocurrency," Mathematical Problems in Engineering, Hindawi, vol. 2021, pages 1-18, November.
    8. Alexandre Dolgui & Dmitry Ivanov & Semyon Potryasaev & Boris Sokolov & Marina Ivanova & Frank Werner, 2020. "Blockchain-oriented dynamic modelling of smart contract design and execution in the supply chain," International Journal of Production Research, Taylor & Francis Journals, vol. 58(7), pages 2184-2199, April.
    9. Babaei, Ardavan & Tirkolaee, Erfan Babaee & Boz, Esra, 2025. "Optimizing energy consumption for blockchain adoption through renewable energy sources," Renewable Energy, Elsevier, vol. 238(C).
    10. Wang, Zhaohua & Liu, Qiang & Zhang, Bin, 2022. "What kinds of building energy-saving retrofit projects should be preferred? Efficiency evaluation with three-stage data envelopment analysis (DEA)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 161(C).
    11. Maher Agi & Ashish Kumar Jha, 2022. "Blockchain technology in the supply chain: An integrated theoretical perspective of organizational adoption," Post-Print hal-03602937, HAL.
    12. Ellabban, Omar & Abu-Rub, Haitham & Blaabjerg, Frede, 2014. "Renewable energy resources: Current status, future prospects and their enabling technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 748-764.
    13. Al-Madani, Mohammed Hammam Mohammed & Fernando, Yudi & Iranmanesh, Mohammad & Lim, Ming K. & Tseng, Ming-Lang, 2024. "Renewable energy supply chain in Malaysia: Fostering energy management practices and ecological performance," Renewable Energy, Elsevier, vol. 226(C).
    14. Moriarty, Patrick & Honnery, Damon, 2016. "Can renewable energy power the future?," Energy Policy, Elsevier, vol. 93(C), pages 3-7.
    15. Yaghoobi, M.A. & Tamiz, M., 2007. "A method for solving fuzzy goal programming problems based on MINMAX approach," European Journal of Operational Research, Elsevier, vol. 177(3), pages 1580-1590, March.
    16. Xiuli Wang & Fang Yao & Fushuan Wen, 2022. "Applications of Blockchain Technology in Modern Power Systems: A Brief Survey," Energies, MDPI, vol. 15(13), pages 1-22, June.
    17. Mohammadi, Majid & Rezaei, Jafar, 2020. "Ensemble ranking: Aggregation of rankings produced by different multi-criteria decision-making methods," Omega, Elsevier, vol. 96(C).
    18. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
    19. Panwar, N.L. & Kaushik, S.C. & Kothari, Surendra, 2011. "Role of renewable energy sources in environmental protection: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(3), pages 1513-1524, April.
    20. Yildizbasi, Abdullah, 2021. "Blockchain and renewable energy: Integration challenges in circular economy era," Renewable Energy, Elsevier, vol. 176(C), pages 183-197.
    21. Liu, Hongda & Huang, Feipeng & Huang, Jialiang, 2022. "Measuring the coordination decision of renewable energy as a natural resource contracts based on rights structure and corporate social responsibility from economic recovery," Resources Policy, Elsevier, vol. 78(C).
    22. Sahebi, Iman Ghasemian & Mosayebi, Alireza & Masoomi, Behzad & Marandi, Fatemeh, 2022. "Modeling the enablers for blockchain technology adoption in renewable energy supply chain," Technology in Society, Elsevier, vol. 68(C).
    23. Hosseini Dehshiri, Seyyed Jalaladdin & Amiri, Maghsoud & Hosseini Bamakan, Seyed Mojtaba, 2024. "Evaluating the blockchain technology strategies for reducing renewable energy development risks using a novel integrated decision framework," Energy, Elsevier, vol. 289(C).
    24. Mousseau, V. & Figueira, J. & Naux, J. -Ph., 2001. "Using assignment examples to infer weights for ELECTRE TRI method: Some experimental results," European Journal of Operational Research, Elsevier, vol. 130(2), pages 263-275, April.
    25. Tom Puyenbroeck, 2018. "On the Output Orientation of the Benefit-of-the-Doubt-Model," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(2), pages 415-431, September.
    26. Oskar Juszczyk & Khuram Shahzad, 2022. "Blockchain Technology for Renewable Energy: Principles, Applications and Prospects," Energies, MDPI, vol. 15(13), pages 1-24, June.
    27. Andoni, Merlinda & Robu, Valentin & Flynn, David & Abram, Simone & Geach, Dale & Jenkins, David & McCallum, Peter & Peacock, Andrew, 2019. "Blockchain technology in the energy sector: A systematic review of challenges and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 100(C), pages 143-174.
    28. Tamiz, Mehrdad & Jones, Dylan & Romero, Carlos, 1998. "Goal programming for decision making: An overview of the current state-of-the-art," European Journal of Operational Research, Elsevier, vol. 111(3), pages 569-581, December.
    29. Jung-Yu Lai & Juite Wang & Yi-Hsuan Chiu, 2021. "Evaluating blockchain technology for reducing supply chain risks," Information Systems and e-Business Management, Springer, vol. 19(4), pages 1089-1111, December.
    30. Chunguang Bai & Joseph Sarkis, 2020. "A supply chain transparency and sustainability technology appraisal model for blockchain technology," International Journal of Production Research, Taylor & Francis Journals, vol. 58(7), pages 2142-2162, April.
    31. Agi, Maher A.N. & Jha, Ashish Kumar, 2022. "Blockchain technology in the supply chain: An integrated theoretical perspective of organizational adoption," International Journal of Production Economics, Elsevier, vol. 247(C).
    32. Parisa Sabbagh & Rana Pourmohamad & Marischa Elveny & Mohammadali Beheshti & Afshin Davarpanah & Ahmed Sayed M. Metwally & Shafaqat Ali & Amin Salih Mohammed, 2021. "Evaluation and Classification Risks of Implementing Blockchain in the Drug Supply Chain with a New Hybrid Sorting Method," Sustainability, MDPI, vol. 13(20), pages 1-19, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rizwan Manzoor & B. S. Sahay & Sujeet Kumar Singh, 2025. "Blockchain technology in supply chain management: an organizational theoretic overview and research agenda," Annals of Operations Research, Springer, vol. 348(3), pages 1307-1354, May.
    2. Kumar, Sourabh & Barua, Mukesh Kumar, 2023. "Exploring the hyperledger blockchain technology disruption and barriers of blockchain adoption in petroleum supply chain," Resources Policy, Elsevier, vol. 81(C).
    3. Yadav, Amit Kumar & Shweta, & Kumar, Dinesh, 2023. "Blockchain technology and vaccine supply chain: Exploration and analysis of the adoption barriers in the Indian context," International Journal of Production Economics, Elsevier, vol. 255(C).
    4. Hosseini Dehshiri, Seyyed Jalaladdin & Amiri, Maghsoud & Mostafaeipour, Ali & Le, Ttu, 2024. "Integrating blockchain and strategic alliance in renewable energy supply chain toward sustainability: A comparative decision framework under uncertainty," Energy, Elsevier, vol. 304(C).
    5. Jovanovic, Marin & Kostić, Nikola & Sebastian, Ina M. & Sedej, Tomaz, 2022. "Managing a blockchain-based platform ecosystem for industry-wide adoption: The case of TradeLens," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    6. Adeeb Noor, 2022. "Adoption of Blockchain Technology Facilitates a Competitive Edge for Logistic Service Providers," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    7. Bai, Chunguang & Zhu, Qingyun & Sarkis, Joseph, 2021. "Joint blockchain service vendor-platform selection using social network relationships: A multi-provider multi-user decision perspective," International Journal of Production Economics, Elsevier, vol. 238(C).
    8. Amin Vafadarnikjoo & Hadi Badri Ahmadi & James J. H. Liou & Tiago Botelho & Konstantinos Chalvatzis, 2023. "Analyzing blockchain adoption barriers in manufacturing supply chains by the neutrosophic analytic hierarchy process," Annals of Operations Research, Springer, vol. 327(1), pages 129-156, August.
    9. Arim Park & Huan Li, 2021. "The Effect of Blockchain Technology on Supply Chain Sustainability Performances," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    10. Lavaei Adaryani, Rasool & Palouj, Mojtaba & Karbasioun, Mostafa & Asadi, Ali & Gholami, Hesamedin & Kianirad, Ali & Joodi Damirchi, Milad, 2024. "Antecedents of blockchain adoption in the poultry supply chain: An extended UTAUT model," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    11. Tygran Dzhuguryan & Agnieszka Deja, 2021. "Sustainable Waste Management for a City Multifloor Manufacturing Cluster: A Framework for Designing a Smart Supply Chain," Sustainability, MDPI, vol. 13(3), pages 1-25, February.
    12. Antonello Cammarano & Vincenzo Varriale & Francesca Michelino & Mauro Caputo, 2023. "Blockchain as enabling factor for implementing RFID and IoT technologies in VMI: a simulation on the Parmigiano Reggiano supply chain," Operations Management Research, Springer, vol. 16(2), pages 726-754, June.
    13. Ajay Kumar Pandey & Yash Daultani & Saurabh Pratap, 2024. "Blockchain technology enabled critical success factors for supply chain resilience and sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1533-1554, February.
    14. Xue Han & Pratibha Rani, 2022. "RETRACTED ARTICLE: Evaluate the barriers of blockchain technology adoption in sustainable supply chain management in the manufacturing sector using a novel Pythagorean fuzzy-CRITIC-CoCoSo approach," Operations Management Research, Springer, vol. 15(3), pages 725-742, December.
    15. Fairouz Mustafa & Suman Lodh & Monomita Nandy & Vikas Kumar, 2022. "Coupling of cryptocurrency trading with the sustainable environmental goals: Is it on the cards?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 1152-1168, March.
    16. Yazıcı, Ali Fırat & Olcay, Ali Bahadır & Arkalı Olcay, Gökçen, 2023. "A framework for maintaining sustainable energy use in Bitcoin mining through switching efficient mining hardware," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    17. Fatma Gül Yazıcılar Sola & Dilşad Güzel, 2025. "The Role of Supply Chain Transparency and Supplier Trust in the Impact of Blockchain Technology Adoption on New Product Development," Sustainability, MDPI, vol. 17(11), pages 1-31, June.
    18. Saumyaranjan Sahoo & Satish Kumar & Uthayasankar Sivarajah & Weng Marc Lim & J. Christopher Westland & Ashwani Kumar, 2024. "Blockchain for sustainable supply chain management: trends and ways forward," Electronic Commerce Research, Springer, vol. 24(3), pages 1563-1618, September.
    19. Yukta Anand & Asheesh Pandey, 2024. "Feasibility study of blockchain technology for circular economy: A bibliometric and systematic review," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2024(2), pages 109-144.
    20. Lucie Sislian & Anicia Jaegler, 2022. "Linkage of blockchain to enterprise resource planning systems for improving sustainable performance," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 737-750, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:212:y:2025:i:c:s1364032125001170. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.