NFT-Based Life Cycle Management for Batteries of e-Cars

Abstract

The classical pathway of mass production followed a linear model with trashed products and wasted remaining materials at the final stage of their life cycle. Smart approaches of manufacturing and product life cycle management aim for Circular Economy (CE) models to implement sustainable business models to overcome imbalances between resource supply and demand of goods. Non-Fungible Token (NFT) solutions together with smart contracts seem to have the potential to realise such new sustainable business models in the context of CE. The study demonstrates how NFT technology can become an integral part of smart product life cycle management for batteries of e-cars. The research highlights how circular business models can be developed and implemented in the e-car sector around the life cycle management of batteries as well as how NFT technology can contribute to sustainable conceptualisation for battery recycling.