Circularise, a software company, has finished trying out a way to track plastic waste using blockchain technology. They worked with Japanese companies AMITA and Marubeni Corporation.
Circularise is trying out a new idea that keeps track of plastic bottle caps as they are recycled. In Kobe city Japan, they tested tracing bottle caps made of PP and PE before recycling.
Circularise’s experiment is part of the Japan Circular Economy Partnership (J-CEP), a big project started in October 2022 to make recycling in Japan better by working together with the government and businesses.
J-CEP works on projects that make trash into something new, recycling food waste, and using eco-friendly technologies. 170 companies are part of this effort.
J-CEP has made a lot of progress and has members from different industries, but they are just starting to use blockchain for their goals. Supporters of blockchain technology claim that it is very difficult to change data at any point in the supply chain, which helps to show where recycled materials come from.
Jordi de Vos, one of the founders of Circularise, said that the pilot program let the company try out its special “Smart Questioning” technology with six Japanese companies in real situations. The blockchain solution showed that it could create a digital product passport without showing people’s personal information.
“Vos said that our partnership with J-CEP proves that digital product passports can change the recycling industry. ” “We want to give more companies this technology, so they can help move towards a circular economy. ”
Because the pilot was successful, Circularise will support increasing awareness of digital product passports for consumers and businesses. However, some people don’t think using blockchain in recycling is a good idea. They say it harms the environment because it requires a lot of power.
Blockchain is useful in many different industries.
Blockchain technology is becoming more popular and is now being used in many different industries such as finance, real estate, and education. Technology has been most useful in finance through tokenization, and other industries are starting to see its potential in artificial intelligence.
One way that people try to feel better is by taking special pills or liquids called medicine. Another way people try to feel better is by taking risks with money in games like poker or slot machines.
In India, the government is using blockchain to solve crimes and some people are using it to make sure aid and supply chains work better. Almost all of the world’s banking regulators are looking at using blockchain to create digital versions of their official money. They like that the technology can’t be changed and is very clear.
