Zhida: blockchain potential in household waste recycling
Zhida: blockchain potential in household waste recycling
In 2020, the chief executive officer of Zhida Environmental Technology, a waste management company based in Nanjing, China, was considering adopting blockchain technology into the company's work process. With the concept of Internet plus recycling, the company was committed to waste sorting and had introduced innovative household waste solutions. However, new challenges were emerging, including stagnant resident participation rates, low profit returns, competitor expansion, and limited support from the local government. Inherent blockchain technology functions such as digital token services, a transparent recycling chain, and collaborative governance mechanisms could potentially improve the company's current operations and provide a first mover position in the market. However,the chief executive officer had to thoroughly consider the decision of adopting blockchain technology: What true value could it offer and what potential challenges could arise?
blockchain, household waste, business model
Gong, Dr Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Xie, Shenghao
218c6b7c-71c9-4acf-b995-05aad9557d8d
Brown, Steve
43e44bb1-e61e-4831-9241-bba774baed42
Li, Changjun
d543621b-52b8-46ec-a241-2df014a76333
Duan, Jiang
8fdd3f42-9174-43db-acfb-cd39ceca676f
9 July 2021
Gong, Dr Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Xie, Shenghao
218c6b7c-71c9-4acf-b995-05aad9557d8d
Brown, Steve
43e44bb1-e61e-4831-9241-bba774baed42
Li, Changjun
d543621b-52b8-46ec-a241-2df014a76333
Duan, Jiang
8fdd3f42-9174-43db-acfb-cd39ceca676f
Gong, Dr Yu, Xie, Shenghao, Brown, Steve, Li, Changjun and Duan, Jiang
(2021)
Zhida: blockchain potential in household waste recycling
(IVEY Publication),
W24882 ed.
Ivey Publishing
Abstract
In 2020, the chief executive officer of Zhida Environmental Technology, a waste management company based in Nanjing, China, was considering adopting blockchain technology into the company's work process. With the concept of Internet plus recycling, the company was committed to waste sorting and had introduced innovative household waste solutions. However, new challenges were emerging, including stagnant resident participation rates, low profit returns, competitor expansion, and limited support from the local government. Inherent blockchain technology functions such as digital token services, a transparent recycling chain, and collaborative governance mechanisms could potentially improve the company's current operations and provide a first mover position in the market. However,the chief executive officer had to thoroughly consider the decision of adopting blockchain technology: What true value could it offer and what potential challenges could arise?
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Published date: 9 July 2021
Keywords:
blockchain, household waste, business model
Identifiers
Local EPrints ID: 467736
URI: http://eprints.soton.ac.uk/id/eprint/467736
PURE UUID: f2142b49-e3b4-4b07-b0d0-b0b678e897e3
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Date deposited: 21 Jul 2022 16:53
Last modified: 10 Feb 2023 03:02
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Contributors
Author:
Shenghao Xie
Author:
Steve Brown
Author:
Changjun Li
Author:
Jiang Duan
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