Feb. 3, 2022

When it comes to advancing a circular economy, there are startups around the world that are providing solutions aimed at cutting waste and pollution, keeping products and materials in use, and regenerating natural systems.

Below are 4 blockchain startups that are promoting the circular economy via the solutions that they provide.

Cirplus

Cirplus is building a global circular plastics marketplace by utilizing AI and blockchain to close the loop for plastics and other recyclables. Through its platform, companies can seamlessly access circular plastics suppliers, procure quickly, and minimize supply chain risks.

That way, companies that seek to improve sustainability by using recycled or upcycled materials can find suppliers within their geographical location and verify the circularity of such raw materials.

Cirplus’ portfolio includes a variety of recyclable materials from consumer, agriculture, industrial, and commercial sources.

Eiravato

Eiravato is enabling circular waste management by offering blockchain-based solutions that allow companies to maximize the value from their materials.

Its software leverages blockchain, artificial intelligence, and big data to create and execute waste-capture strategies while reducing risks.

That way, it does not only map and optimize a material’s journey throughout its lifecycle, but also ensures that companies can capture materials before they end up in waste channels.

Lablaco

Lablaco is offering circular fashion solutions (through its LPLUS and SPIN platforms) that allow brands and retailers to verify product origin, environmental impact, and customer ownership.

It basically makes clothes traceable throughout their life cycle thereby enabling circular business models.

Lablaco’s LPLUS platform is a circular Retail-as-a-Service platform that tokenizes products on the blockchain, while its SPIN platform enables consumers to list and assign traceable digital ownership for pre-owned items.

BanQu

BanQu is enabling supply chain transparency through blockchain technology, allowing companies visibility into their environmental impact and ensuring that their supply chains are circular.

BanQu’s platform uses blockchain to authenticate transactions in supply chains, enabling companies to manage records, mitigate risks, and prevent losses in transit.

This transparency in supply chains promotes the circular economy as it enables companies to authenticate their sustainability metrics, track discrepancies and optimize the recyclables value chain.

Courtesy: Climateaction.africa