Requirements Category
Enable Circular Economy Models

Implementing blockchain technology enables the creation of an immutable and transparent ledger that records every stage of a product’s lifecycle. This ensures that all stakeholders, including manufacturers, consumers, and recyclers, have access to accurate information regarding the origin, composition, and journey of products. Such transparency promotes responsible sourcing, encourages recycling, and supports the principles of a circular economy by ensuring materials are efficiently reused and waste is minimized. The study “Implementation of Blockchain Technology in Waste Management” discusses how blockchain can track the origin and composition of waste materials, ensuring they are processed efficiently and meet quality standards for recycling. This approach enhances traceability, reduces contamination, and supports the production of high-quality recycled materials, contributing to effective waste management and resource recovery.

https://www.mdpi.com/1996-1073/16/23/7742

https://www.sciencedirect.com/science/article/abs/pii/S2352710224009239