• Latest
  • Trending
  • All
Blockchain Tech Tracks Plastics Recycling

Blockchain Tech Tracks Plastics Recycling

October 11, 2022

AiLOQ Launches Autocomplete-Optimization Program to Enhance Business Visibility

March 24, 2023
What will be the Top Blockchain Implementation Challenges In 2023?

What will be the Top Blockchain Implementation Challenges In 2023?

December 6, 2022
Advertisement Banner
Toys R Us reveals Blueprint on its NFT initiatives on Magic Eden !05/12/2022

Toys R Us reveals Blueprint on its NFT initiatives on Magic Eden !05/12/2022

December 6, 2022
Artist Turns Down $3,000 ‘Hilarious’ Fortnite Job Offer

Artist Turns Down $3,000 ‘Hilarious’ Fortnite Job Offer

December 6, 2022
'How I Work' Ep 11 with Ken Marshall | SaaS Scoop | Augurian

'How I Work' Ep 11 with Ken Marshall | SaaS Scoop | Augurian

December 6, 2022
Democrats backing Warnock outspend Walker and GOP 2 to 1

Democrats backing Warnock outspend Walker and GOP 2 to 1

December 6, 2022
Warner partners with e-commerce platform LGND.io and blockchain firm Polygon on new collectables platform

Warner partners with e-commerce platform LGND.io and blockchain firm Polygon on new collectables platform

December 6, 2022
NEW NFT PROJECT BIT CASTLEWAR BEST PROJECT FULL REVIEW 2022

NEW NFT PROJECT BIT CASTLEWAR BEST PROJECT FULL REVIEW 2022

December 6, 2022
New Simpsons Episode Features Bart Running A Roblox Scam

New Simpsons Episode Features Bart Running A Roblox Scam

December 6, 2022
✅GoHighLevel Tutorial✅ AWESOME Trigger Link Workflow Automation For SaaS Agencies

✅GoHighLevel Tutorial✅ AWESOME Trigger Link Workflow Automation For SaaS Agencies

December 6, 2022
How to Invest in Web 3.0 Projects ft. Rorke Kuttel

How to Invest in Web 3.0 Projects ft. Rorke Kuttel

December 6, 2022
New Data Presented at SABCS 2022 Reveal Expanded Predictive Value of the Breast Cancer Index™ Test for Ovarian Function Suppression in Premenopausal Women with HR+ Breast Cancer

New Data Presented at SABCS 2022 Reveal Expanded Predictive Value of the Breast Cancer Index™ Test for Ovarian Function Suppression in Premenopausal Women with HR+ Breast Cancer

December 6, 2022
No Result
View All Result
Neclink
Neclink
Blockchain Tech Tracks Plastics Recycling

Blockchain Tech Tracks Plastics Recycling

by Neclink
October 11, 2022
in Blockchain
240 13
0
Share on FacebookShare on Twitter
Advertisement Banner

[ad_1]

Chemical giant BASF expanded a 2-year-old Canadian plastics recycling pilot from British Columbia to Alberta June 1, bringing Edmonton and Calgary into “reciChain,” a blockchain-based project to help recyclers correctly sort plastics, which can only be recycled with like products.

The move marks the latest step in a growing industry trend in which big-name manufacturing firms look to blockchain technology to track and document recycling programs and get a hand on the ever-growing pile of unrecycled plastics.

Fujitsu, for example, launched a project in July aimed at fiber-reinforced polymers used in aircraft and electric vehicles with Tokyo-based Teijin. That same month, PepsiCo announced a series of six sustainability projects in Europe, including one with Security Matters to track and verify recycling claims. Netherlands-based Circularise is working on pilots with Mitsubishi and Porsche, enabling them to trace plastics used and prove they’ve reached sustainability goals.

While helping companies track and verify the plastic waste they produce — which has a distinct marketing component — is a part of these programs, they have a distinctly more useful component. By using various tracking markers inserted in the products at the manufacturing stage and Internet of Things (IoT) devices, individual items can be tracked on an immutable blockchain, in much the same way that companies like Walmart, Nestlé and Dole are tracing produce from farm to table.

See also: What’s a Permissioned Blockchain and How Does Centralized Decentralization Work?

Beyond Green Credentials

In plastics, that can play a much more important role. Different plastic resins cannot be recycled together if they are to be melted and reformed into new things, which is the endgame of most recycling programs: to make it economically viable as well as possible to do more than reduce and reuse.

BASF’s reciChain began with a successful pilot in Brazil before moving to Canada, where the government says just 9% of plastics are recycled. But by tracking each item — for example a soda bottle — the tracking tools can be used when plastics are sorted at the recycling facility to make sure they are accurately sorted, as some types of plastic are very difficult if not effectively impossible to recycle. That sorting is one of the most difficult parts of plastic recycling.

Both reciChain and PepsiCo are using a blockchain-powered recycling conveyor Security Matters developed in July 2021, aimed at allowing the industry to create what it refers to as “closed loops” in which plastic are fully recycled multiple times. Using chemical markers that can be placed when the virgin plastic is manufactured, as well as at recycling and sorting facilities, the company can identify not only the type of polymer for sorting, it can identify the number of times a polymer has been recycled, the percentage of recycled content, and the name of the brand owner, according to an announcement.

ReciChain’s process has two parts. The tracers that can track plastics’ lifecycle “from pellet to pellet” in the manufacturing-recycling-manufacturing process, and a blockchain-based marketplace that BASF said provides “a secure, auditable transfer-of-ownership” as well as connecting with incentives for participants.

As for Circularise, the company noted that there is more to its tracking of plastics than just sustainability. It enables firms to verify that the plastic items they receive — such as auto parts — are accurately identified as well as correct for the part in question.

“We need to know more details on the parts and materials being used in our products,” said Porsche Project Lead for Innovation Research Antoon Versteeg. “That means information on production processes deep down the supply chain, statements of recycled content and more. …[We] were able to trace — for a number of specific cases — plastics from raw material production to the final car.”

For all PYMNTS crypto coverage, subscribe to the daily Crypto Newsletter.

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking services, just 9.3% call them their primary bank.

Sign up for our daily newsletter.

We’re always on the lookout for opportunities to partner with innovators and disruptors.

Learn More


https://www.pymnts.com/blockchain/2022/blockchain-based-smart-contracts-can-cut-escrow-costs-prevent-mortgage-fraud/partial/

See More In: BASF, Blockchain, Cirularise, Environment, Fujitsu, Internet of Things, Mitsubishi, News, pepsi, Porsche, reciChain, security matters, Sustainability, Teijin

[ad_2]

Source link

Previous Post

Building a Freemium SaaS Product – Book Recommendations – Day 4

Next Post

The Van Gogh Sites Foundation partners with Appreciator.io to create a dedicated NFT collection

Neclink

Neclink

Next Post
The Van Gogh Sites Foundation partners with Appreciator.io to create a dedicated NFT collection

The Van Gogh Sites Foundation partners with Appreciator.io to create a dedicated NFT collection

Street Fighter 6 Is A Fighting Game Newcomer’s Dream

Street Fighter 6 Is A Fighting Game Newcomer’s Dream

Current Bitcoin Altcoin Prices Prediction #btc #eth #trading #nft 07.10.2022

Current Bitcoin Altcoin Prices Prediction #btc #eth #trading #nft 07.10.2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

MOVIE REVIEW

No Content Available

RECENT MOVIE

AiLOQ Launches Autocomplete-Optimization Program to Enhance Business Visibility

March 24, 2023
What will be the Top Blockchain Implementation Challenges In 2023?

What will be the Top Blockchain Implementation Challenges In 2023?

December 6, 2022
Toys R Us reveals Blueprint on its NFT initiatives on Magic Eden !05/12/2022

Toys R Us reveals Blueprint on its NFT initiatives on Magic Eden !05/12/2022

December 6, 2022
Artist Turns Down $3,000 ‘Hilarious’ Fortnite Job Offer

Artist Turns Down $3,000 ‘Hilarious’ Fortnite Job Offer

December 6, 2022

About Us

Neclink

Follow Us

Categories

  • APPS
  • ARTS & THEATER
  • Blockchain
  • BUSINESS
  • CELEBRITY
  • CRYPTO
  • CULTURE
  • ECONOMY
  • Education
  • ENTERTAINMENT
  • FASHION
  • FINANCE
  • FOOD
  • GADGET
  • Gambling
  • GAMING
  • HEALTH
  • HISTORY
  • Latest Games
  • LIFESTYLE
  • MARKET
  • Metaverse
  • MOBILE
  • MONEY
  • MOVIE
  • MUSIC
  • Nature
  • NFT
  • PRESS RELEASE
  • REAL ESTATE
  • Religion
  • SCIENCE
  • Shopping
  • SHOWS
  • SPORTS
  • TECH
  • Top SaaS Provider
  • TRAVEL
  • Virtual Reality
  • Web 3

Recent News

AiLOQ Launches Autocomplete-Optimization Program to Enhance Business Visibility

March 24, 2023
What will be the Top Blockchain Implementation Challenges In 2023?

What will be the Top Blockchain Implementation Challenges In 2023?

December 6, 2022

© 2022 Neclink.com

No Result
View All Result

© 2022 Neclink.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In