Blockchain Technology as a Game Changer for GreenInnovation: Green Entrepreneurship as a Roadmap to GreenEconomic Sustainability in Peru
Blockchain technology has been heralded as a game changer for addressing severe envi-ronmental and economic sustainability challenges. In response to rising environmental concerns,blockchain technology (BCT) is transforming green innovation, culminating in green economic prac-tices and well-established business models. Recognizing this, we investigated the role of blockchaintechnology in green innovation practices and its impact on green economic sustainability, which hasan 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 stratifiedrandom sampling. The positivist approach was implemented using a statistical induction method.Prior studies’ research constructs were measured using validated measurement scales. For quantita-tive data analysis, using the partial least squares structural equation modeling (PLS-SEM) framework,this study provided two key findings. First, sustainability orientation and sustainability attitudehave 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 blockchaintechnology mediates the relationship between sustainability orientation and social perception withthe adoption of green innovation that employs green energy (solar) technology towards a sustainablegreen economy. We recommend that small- and medium-sized enterprises embrace green innovationand blockchain technology to protect the environment and boost community cohesiveness
Polas, Mohammad Rashed Hasan
Kabir, Ahmed Imran
Sohel-Uz-Zaman, Abu Saleh Md.
Tabash, Mosab I.
SubjectBlockchain technology, green entrepreneurship, green innovation, green economy, sustainability
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