In 2008 I changed the name of my consultancy to TransparentPlanet with the intention of developing a platform for tracking the downstream ‘supply chain’, or where scrap and materials go when they leave an electronic recycling facility. At the time it was entirely ‘doable’, but with the cost and complexity there was no market.
Enter 2016 when Blockchain, the database that validates financial transactions for Bitcoin, began to get recognized for its ability to track all kinds of transactions. Wikipedia describes blockchain as being “secure by design and an example of a distributed computing system with high byzantine fault tolerance. This makes blockchains suitable for the recording of events, medical records, and other records management activities, identity management, transaction processing, and documenting provenance’ (a product’s origins).
Open-source blockchains can now be used to economically track materials and products.
Want to learn more? Join in the conversation at Blockchain for Sustainable Supply Chains.