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From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?

Author

Listed:
  • Aditya Chidepatil

    (Radical Innovations Group, 65380 Vaasa, Finland)

  • Prabhleen Bindra

    (Radical Innovations Group, 65380 Vaasa, Finland)

  • Devyani Kulkarni

    (Radical Innovations Group, 65380 Vaasa, Finland)

  • Mustafa Qazi

    (Radical Innovations Group, 65380 Vaasa, Finland)

  • Meghana Kshirsagar

    (Radical Innovations Group, 65380 Vaasa, Finland)

  • Krishnaswamy Sankaran

    (Radical Innovations Group, 65380 Vaasa, Finland)

Abstract

Virgin polymers based on petrochemical feedstock are mainly preferred by most plastic goods manufacturers instead of recycled plastic feedstock. Major reason for this is the lack of reliable information about the quality, suitability, and availability of recycled plastics, which is partly due to lack of proper segregation techniques. In this paper, we present our ongoing efforts to segregate plastics based on its types and improve the reliability of information about recycled plastics using the first-of-its-kind blockchain smart contracts powered by multi-sensor data-fusion algorithms using artificial intelligence . We have demonstrated how different data-fusion modes can be employed to retrieve various physico-chemical parameters of plastic waste for accurate segregation. We have discussed how these smart tools help in efficiently segregating commingled plastics and can be reliably used in the circular economy of plastic. Using these tools, segregators, recyclers, and manufacturers can reliably share data, plan the supply chain, execute purchase orders, and hence, finally increase the use of recycled plastic feedstock.

Suggested Citation

  • Aditya Chidepatil & Prabhleen Bindra & Devyani Kulkarni & Mustafa Qazi & Meghana Kshirsagar & Krishnaswamy Sankaran, 2020. "From Trash to Cash: How Blockchain and Multi-Sensor-Driven Artificial Intelligence Can Transform Circular Economy of Plastic Waste?," Administrative Sciences, MDPI, vol. 10(2), pages 1-16, April.
    • Handle: RePEc:gam:jadmsc:v:10:y:2020:i:2:p:23-:d:345918
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    References listed on IDEAS

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    Cited by:

    1. Graeme Moad & David Henry Solomon, 2021. "The Critical Importance of Adopting Whole-of-Life Strategies for Polymers and Plastics," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    2. Filippo Corsini & Natalia Marzia Gusmerotti & Marco Frey, 2023. "Fostering the Circular Economy with Blockchain Technology: Insights from a Bibliometric Approach," Circular Economy and Sustainability, Springer, vol. 3(4), pages 1819-1839, December.
    3. Vincent Charles & Ali Emrouznejad & Tatiana Gherman, 2023. "A critical analysis of the integration of blockchain and artificial intelligence for supply chain," Annals of Operations Research, Springer, vol. 327(1), pages 7-47, August.
    4. Naoum Tsolakis & Roman Schumacher & Manoj Dora & Mukesh Kumar, 2023. "Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?," Annals of Operations Research, Springer, vol. 327(1), pages 157-210, August.
    5. Sebastian, R.M. & Louis, J., 2021. "Understanding waste management at airports: A study on current practices and challenges based on literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 147(C).
    6. Yasanur Kayikci & Nazlican Gozacan‐Chase & Abderahman Rejeb & Kaliyan Mathiyazhagan, 2022. "Critical success factors for implementing blockchain‐based circular supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3595-3615, November.
    7. Govindan, Kannan & Jain, Preeti & Kr. Singh, Rajesh & Mishra, Ruchi, 2024. "Blockchain technology as a strategic weapon to bring procurement 4.0 truly alive: Literature review and future research agenda," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 181(C).
    8. Swikriti Khadke & Pragya Gupta & Shanmukh Rachakunta & Chandreswar Mahata & Suma Dawn & Mohit Sharma & Deepak Verma & Aniruddha Pradhan & Ambati Mounika Sai Krishna & Seeram Ramakrishna & Sabyasachi C, 2021. "Efficient Plastic Recycling and Remolding Circular Economy Using the Technology of Trust–Blockchain," Sustainability, MDPI, vol. 13(16), pages 1-15, August.
    9. Yunfei Yang & Guifei Qu & Lianlian Hua & Lifeng Wu, 2022. "Knowledge Mapping Visualization Analysis of Research on Blockchain in Management and Economics," Sustainability, MDPI, vol. 14(22), pages 1-24, November.
    10. Barbara Bigliardi & Serena Filippelli, 2021. "Investigating Circular Business Model Innovation through Keywords Analysis," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    11. Daniel Luiz de Mattos Nascimento & Diessica de Oliveira‐Dias & José Moyano‐Fuentes & Juan Manuel Maqueira Marín & Jose Arturo Garza‐Reyes, 2024. "Interrelationships between circular economy and Industry 4.0: A research agenda for sustainable supply chains," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 575-596, February.
    12. Wang, Weizhong & Chen, Yu & Zhang, Tinglong & Deveci, Muhammet & Kadry, Seifedine, 2024. "The use of AI to uncover the supply chain dynamics of the primary sector: Building resilience in the food supply chain," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 544-566.
    13. Javeed, Sohail Ahmad & Akram, Umair, 2024. "The factors behind block-chain technology that boost the circular economy: An organizational perspective," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    14. Kolade, Oluwaseun & Odumuyiwa, Victor & Abolfathi, Soroush & Schröder, Patrick & Wakunuma, Kutoma & Akanmu, Ifeoluwa & Whitehead, Timothy & Tijani, Bosun & Oyinlola, Muyiwa, 2022. "Technology acceptance and readiness of stakeholders for transitioning to a circular plastic economy in Africa," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    15. Rohit Agrawal & Vishal A. Wankhede & Anil Kumar & Sunil Luthra & Abhijit Majumdar & Yigit Kazancoglu, 2022. "An Exploratory State-of-the-Art Review of Artificial Intelligence Applications in Circular Economy using Structural Topic Modeling," Operations Management Research, Springer, vol. 15(3), pages 609-626, December.
    16. Wankmüller, Christian & Pulsfort, Johannes & Kunovjanek, Maximilian & Polt, Romana & Craß, Stefan & Reiner, Gerald, 2023. "Blockchain-based tokenization and its impact on plastic bottle supply chains," International Journal of Production Economics, Elsevier, vol. 257(C).

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