The Blockchain, Fintech, and Cryptocurrency Research Group (BFCRG) at the University of Southampton Malaysia (UoSM) is proud to announce the publication of its latest research paper titled:
“Blockchain Features for Facilitating Circular Economy Adoption in the Palm Oil Industry: A DEMATEL Approach”
Published in the Journal of Soft Computing and Decision Support Systems, the paper is authored by Ts Dr Mohammad Dalvi Esfahani, Dr Nasrin Azar, and Dr Mahmoud Khattab.
This groundbreaking study explores the intersection of Blockchain Technology (BCT) and Circular Economy (CE) principles in the context of Malaysia’s palm oil industry—a sector central to the country’s economy and sustainability efforts.
Using the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method, the authors identify and evaluate key blockchain features that can empower palm oil stakeholders to adopt more transparent, traceable, and accountable supply chain practices.
🔍 Key findings include:
- Transparency, immutability, and irreversibility emerged as the most impactful features, enhancing data integrity and traceability.
- Decentralization, peer-to-peer networking, and distributed ledgers were highlighted as supportive mechanisms for sustainable transformation.
- The study offers a practical framework for strategic blockchain integration within the circular economy landscape.
This work contributes directly to the United Nations Sustainable Development Goals, particularly:
- SDG 9: Industry, Innovation and Infrastructure
- SDG 13: Climate Action
- SDG 16: Peace, Justice and Strong Institutions
The paper demonstrates BFCRG’s commitment to conducting research with real-world relevance—focusing on sustainability, technology, and digital innovation.