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Showing posts with the label blockchain circular economy

How Blockchain Can Power the Circular Economy

The convergence of consumer and industry concerns about the sustainability in the manufacturing and re-use of materials is spurring industries such as textiles, jewelry, and automotive to trace every step in the supply chain. With consumers increasingly asking for products that are produced ethically and sustainably, it’s a unique opportunity for blockchain firms to respond to this market dynamic. Blockchain is powering battery industry sustainability practices Not only does the high amount of energy required to power Blockchain result in relatively high direct energy costs, but because the energy is largely generated from fossil fuels, this could also result in a large carbon footprint. One example is the battery industry, where Everledger is one of 42 global organizations that have agreed on guiding principles to ensure sustainable practices. These companies make up what is known as the Global Battery Alliance. Ensuring the sustainabilit...