Summary
Circularise offers a blockchain-based transparency solution to provide absolute proof for the circular economy, sustainability and recycling
practices of manufacturers at any stage of the supply chain. Circularise enables value chain transparency without disclosure of datasets or supply
chain partners. The portal uses decentralized, encrypted data to track material characteristics of products which are not distinguishable by
disassembling the product, e.g. whether, and which proportion recycled materials have been employed. The system uses a virtual currency and
chemical tracer to make supply chain transparency fraud-proof and certify materials. Different from paper-based information sharing which, in 65%
of the cases, doesn't even go past tier 1 suppliers, the system does not require the entire supply chain to be known, cooperating, or certified. The
technology decreases auditing and production costs due to a smaller number of audited parties. Validatable claims are traded directly from the
material manufacturer to the brand owner no matter how far along the supply chain the manufacturer is. The resulting affordable recycled material
will increase the market share of sustainable products and make them attainable for average customers. The possibility to increase revenue
through circular economy business models makes it an intrinsically motivated development. The possibility to increase revenue through circular
economy business models revolutionizes the sector turning it from a necessity due to external expectations to an intrinsically motivated
development. The proof provided by Circularise allows monetization of the sustainability practices and creates an intrinsic motivation for circularity
in our economy.
practices of manufacturers at any stage of the supply chain. Circularise enables value chain transparency without disclosure of datasets or supply
chain partners. The portal uses decentralized, encrypted data to track material characteristics of products which are not distinguishable by
disassembling the product, e.g. whether, and which proportion recycled materials have been employed. The system uses a virtual currency and
chemical tracer to make supply chain transparency fraud-proof and certify materials. Different from paper-based information sharing which, in 65%
of the cases, doesn't even go past tier 1 suppliers, the system does not require the entire supply chain to be known, cooperating, or certified. The
technology decreases auditing and production costs due to a smaller number of audited parties. Validatable claims are traded directly from the
material manufacturer to the brand owner no matter how far along the supply chain the manufacturer is. The resulting affordable recycled material
will increase the market share of sustainable products and make them attainable for average customers. The possibility to increase revenue
through circular economy business models makes it an intrinsically motivated development. The possibility to increase revenue through circular
economy business models revolutionizes the sector turning it from a necessity due to external expectations to an intrinsically motivated
development. The proof provided by Circularise allows monetization of the sustainability practices and creates an intrinsic motivation for circularity
in our economy.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/961989 |
| Start date: | 01-10-2020 |
| End date: | 30-09-2022 |
| Total budget - Public funding: | 2 146 187,00 Euro - 1 502 331,00 Euro |
Cordis data
Original description
Circularise offers a blockchain-based transparency solution to provide absolute proof for the circular economy, sustainability and recyclingpractices of manufacturers at any stage of the supply chain. Circularise enables value chain transparency without disclosure of datasets or supply
chain partners. The portal uses decentralized, encrypted data to track material characteristics of products which are not distinguishable by
disassembling the product, e.g. whether, and which proportion recycled materials have been employed. The system uses a virtual currency and
chemical tracer to make supply chain transparency fraud-proof and certify materials. Different from paper-based information sharing which, in 65%
of the cases, doesn't even go past tier 1 suppliers, the system does not require the entire supply chain to be known, cooperating, or certified. The
technology decreases auditing and production costs due to a smaller number of audited parties. Validatable claims are traded directly from the
material manufacturer to the brand owner no matter how far along the supply chain the manufacturer is. The resulting affordable recycled material
will increase the market share of sustainable products and make them attainable for average customers. The possibility to increase revenue
through circular economy business models makes it an intrinsically motivated development. The possibility to increase revenue through circular
economy business models revolutionizes the sector turning it from a necessity due to external expectations to an intrinsically motivated
development. The proof provided by Circularise allows monetization of the sustainability practices and creates an intrinsic motivation for circularity
in our economy.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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