Digital traceability of plastics via blockchain technology: a model for industry
Car industry seeks transparency in the value chain
Solution: use blockchain technology to create a ‘digital twin’ for every material batch
“We need to know more details on the parts and materials being used in our products, that means information on production processes deep down the supply chain, statements of recycled content and more.”
Reality check for the digital thread: verification
“We believe transparency should not come at the cost of reduced privacy and confidentiality. That is why we developed our patent pending technology for creating verified statements on public blockchains without revealing any underlying sensitive data.”
Material traceability is achievable and is here to stay, even in complex industries. Join us!
“For us, it is really important to share information and be more transparent while maintaining confidentiality. For instance, the material composition is of competitive advantage so we would never share that openly. Here, Circularise helps us to maintain this confidentiality and only disclose the information needed from raw material producer to recycler. And with that, we can close the loop.”
- Traceable: Blockchain technology enables you to track and trace each material batch.
- Transparent: Digital twin technology provides proof of when sustainable materials are used.
- Collaborative: Value chain partners update the digital thread to reflect material processes.
- Confidential: Information on material composition and supplier identity is protected.