With consumer demand for sustainable products growing by 71 percent in the last five years, and calls for companies to truthfully demonstrate responsible and ethical sourcing, the technology industry has been challenged to respond. The answer? Blockchain, of course.
In this recent article from Resource, industry experts are championing blockchain when it comes to regulatory requirements for ‘radical’ transparency in supply chains, and easy access to data on how materials and products are sourced, saying it will hugely speed up pathways to ‘second life’ and recycling.
‘By 2030, digital technologies will have the potential to help save 20 percent of global CO2 emissions’
The fact that blockchain based technology could cause a paradigm shift towards a circular economy, is very powerful. Whatsmore, the article describes some real benefits and use cases of the blockchain technology which our platform FALKOR SI addresses.
Other themes that the article delves into, that are relevant to FALKOR SI include:
Our key focus as a service is to provide a backend capability that can be integrated to existing applications or new ones. Many of these are existing data management systems that are supporting user / customer facing benefits, but they need to be enhanced by wider backend capability to achieve exchanges, tokenisation, transparency, and all the other benefits discussed above.
We have seen a number of projects in which other services can be built around the blockchain and applications, in order to provide greater benefits. These include edge data collection and AI, and ML models being applied to data that’s transacted in order to create automation.
If any of the above has piqued your interest, or you want to know more about our enterprise blockchain platform FALKOR SI and how it could help you and your business, please don’t hesitate to get in touch.