Blockchain Traceability Project

A blockchain supply chain transparency provider has recently launched a project with a car manufacturer and its material suppliers to enable the traceability of plastics on blockchain and to ensure that the use of sustainable materials in the cars can be proven.

Circularise, the blockchain supply chain transparency provider, as part of the Startup Autobahn innovation program, recently launched a project with Porsche and its pioneering material suppliers –Borealis, Covestro and Domo Chemicals – to enable the traceability of plastics on blockchain and to ensure that the use of sustainable materials in Porsche cars can be proven. By digitizing materials Circularise was able to create a digital thread through the whole supply chain, enabling material traceability, tracking the CO2 footprint, and other sustainability metrics like water savings.

Getting information from supply chains has always been a challenge. Not only because of the inherent complexity of the supply have chains and the multitude of suppliers, but also due to concerns around trust, privacy, and confidentiality. That is why blockchain is offering such a fitting solution to transparency challenges in supply chains. “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. While this raw data is very valuable in a B2B setting, consumers demand a more distilled and interactive version. We are proud to present exactly that in collaboration with Porsche and some of their pioneering suppliers,” says Mesbah Sabur, Founder, Circularise.