IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v33y2025i3p4075-4098.html
   My bibliography  Save this article

Tokenizing Innovation: A Blockchain‐Based Innovation System as a Step Toward Achieving Sustainable Development

Author

Listed:
  • Xin Xie
  • Ibrahim Alnafrah
  • Abd Alwahed Dagestani

Abstract

This study examines patenting patterns to identify inefficiencies in innovation systems and proposes a blockchain‐based solution to advance sustainable development goals (SDGs) 4, 8, 9, and 17. Using a dataset of 13,910 patent documents, the research employs a multi‐step methodology: a patent landscape analysis, network analysis, and structural equation modeling (SEM). Our findings indicate that patents linked to non‐competitive technologies and low originality scores are more likely to become inactive. Furthermore, the study identifies several factors contributing to the low efficiency of the innovation system, including closed technology transfer processes and weak collaborative synergies among stakeholders. To address these challenges, a blockchain‐based rewards system is proposed to foster beneficial relationships among innovation stakeholders, supporting sustainable innovation practices. This study enhances our understanding of innovation theory and provides insights for policymakers, linking the proposed solution to achieving SDGs 4, 8, 9, and 17 through sustainable innovation.

Suggested Citation

  • Xin Xie & Ibrahim Alnafrah & Abd Alwahed Dagestani, 2025. "Tokenizing Innovation: A Blockchain‐Based Innovation System as a Step Toward Achieving Sustainable Development," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(3), pages 4075-4098, June.
    • Handle: RePEc:wly:sustdv:v:33:y:2025:i:3:p:4075-4098
    DOI: 10.1002/sd.3325
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.3325
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.3325?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
    ---><---

    More about this item

    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:wly:sustdv:v:33:y:2025:i:3:p:4075-4098. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    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.