Recycled plastics are polymer materials processed from waste to create new products. This process reduces reliance on virgin resources and lessens environmental pollution. The quality and type of recycled plastic vary based on collection and reprocessing methods. Blockchain can document the entire recycling chain, providing verifiable data on material origin and processing.
Context
The market for recycled plastics faces challenges regarding consistent quality and verifiable supply chains. A key discussion centers on increasing transparency and trust in the sourcing and processing of these materials. Blockchain technology is emerging as a tool to record and verify the journey of plastic waste through collection, sorting, and reprocessing. This helps assure consumers and businesses of genuine circular economy practices.
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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