Effective management of recyclable plastic waste is critical for environmental sustainability and economic viability. Blockchain technology has transformative potential in addressing the challenges of plastic waste management. Currently, the inefficiency of plastic recycling systems results in low recycling rates and significant environmental impacts due to poor sorting, contamination, and limited technology application. However, innovations such as chemical recycling, solvent-based techniques, and biotechnology offer promising advances in the management of plastic waste. Blockchain technology provides a transparent, decentralized ledger that enhances traceability and incentives through smart contracts, decentralized applications (DApps), and digital watermarks. These blockchain solutions can improve waste tracking, automate payments, and reward participants who recycle responsibly. Although significant investment in technology and education is required, integrating blockchain with the Internet of Things (IoT) and artificial intelligence (AI)-driven analytics could revolutionize plastic waste management by creating transparent, efficient, and collaborative recycling ecosystems. Blockchain technology has immense potential to redefine the management of plastic waste and promote a sustainable, circular economy.