TY - JOUR
T1 - Blockchain technology as a game changer for green innovation
T2 - Green entrepreneurship as a roadmap to green economic sustainability in Peru
AU - Polas, Mohammad Rashed Hasan
AU - Kabir, Ahmed Imran
AU - Sohel-Uz-zaman, Abu Saleh Md
AU - Karim, Ridoan
AU - Tabash, Mosab I.
N1 - Funding Information:
Funding: The authors would like to thank the Institute for Advanced Research (IAR) of United International University for supporting the research, authorship, and publication of this article [Institute for Advanced Research Publication Grant Ref. No.—IAR/2022/Pub/013].
Publisher Copyright:
© 2022 by the authors. Licensee MDPI, Basel, Switzerland.
PY - 2022/6
Y1 - 2022/6
N2 - Blockchain technology has been heralded as a game changer for addressing severe environmental and economic sustainability challenges. In response to rising environmental concerns, blockchain technology (BCT) is transforming green innovation, culminating in green economic practices and well-established business models. Recognizing this, we investigated the role of blockchain technology in green innovation practices and its impact on green economic sustainability, which has an impact on green environmental sustainability. Moreover, 184 small-and medium-sized enterprises (SMEs) were surveyed in Lima, Peru. Data for this cross-sectional study were gathered using stratified random sampling. The positivist approach was implemented using a statistical induction method. Prior studies’ research constructs were measured using validated measurement scales. For quantitative data analysis, using the partial least squares structural equation modeling (PLS-SEM) framework, this study provided two key findings. First, sustainability orientation and sustainability attitude have a positive and significant effect on the adoption of green innovation that employs green energy (solar) technology towards a sustainable green economy. Second, the intention to use blockchain technology mediates the relationship between sustainability orientation and social perception with the adoption of green innovation that employs green energy (solar) technology towards a sustainable green economy. We recommend that small-and medium-sized enterprises embrace green innovation and blockchain technology to protect the environment and boost community cohesiveness.
AB - Blockchain technology has been heralded as a game changer for addressing severe environmental and economic sustainability challenges. In response to rising environmental concerns, blockchain technology (BCT) is transforming green innovation, culminating in green economic practices and well-established business models. Recognizing this, we investigated the role of blockchain technology in green innovation practices and its impact on green economic sustainability, which has an impact on green environmental sustainability. Moreover, 184 small-and medium-sized enterprises (SMEs) were surveyed in Lima, Peru. Data for this cross-sectional study were gathered using stratified random sampling. The positivist approach was implemented using a statistical induction method. Prior studies’ research constructs were measured using validated measurement scales. For quantitative data analysis, using the partial least squares structural equation modeling (PLS-SEM) framework, this study provided two key findings. First, sustainability orientation and sustainability attitude have a positive and significant effect on the adoption of green innovation that employs green energy (solar) technology towards a sustainable green economy. Second, the intention to use blockchain technology mediates the relationship between sustainability orientation and social perception with the adoption of green innovation that employs green energy (solar) technology towards a sustainable green economy. We recommend that small-and medium-sized enterprises embrace green innovation and blockchain technology to protect the environment and boost community cohesiveness.
KW - blockchain technology
KW - green economy
KW - green entrepreneurship
KW - green innovation
KW - sustainability
UR - http://www.scopus.com/inward/record.url?scp=85128223298&partnerID=8YFLogxK
U2 - 10.3390/joitmc8020062
DO - 10.3390/joitmc8020062
M3 - Article
AN - SCOPUS:85128223298
SN - 2199-8531
VL - 8
JO - Journal of Open Innovation: Technology, Market, and Complexity
JF - Journal of Open Innovation: Technology, Market, and Complexity
IS - 2
M1 - 62
ER -
