Today Japanese conglomerate Marubeni announced it is working with Dutch blockchain startup Circularise to trace materials in the chemicals and plastics supply chain. The ultimate purpose is to validate sustainability. Circularise recently received a grant from the EU Horizon 2020 fund and has a track record of working big names such as Porsche.
“Circularise’s digital technology has the potential to provide visibility and enable improved decision making when it comes to sustainable raw material sourcing,” said Terumasa Watanabe, Senior Operating Officer, the Head of Plastics Business at Marubeni.
Initially, Circularise will perform demonstrations with Marubeni’s Japanese clients, and after that, the firms may consider a Japanese joint venture.
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