The Chemical Industry manufactures chemicals and related products from raw materials. Its operations involve complex processes for creating substances used across numerous global sectors. This industry’s extensive supply chains and considerable energy consumption are notable characteristics. Digital ledger technologies hold potential for tracking material flows and validating sustainable production practices within this sector.
Context
Discussions around the chemical industry frequently involve supply chain resilience and environmental impact mitigation. The sector faces increasing scrutiny regarding its carbon footprint and waste generation protocols. Blockchain applications are emerging to enhance transparency in chemical sourcing and product life cycles. These innovations aim to verify compliance with environmental, social, and governance standards effectively.
BASF Canada's reciChain platform leverages blockchain and digital badging to enhance circularity and transparent traceability of recycled plastics, optimizing value chain efficiency and compliance.
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