Tata Steel UK is working with blockchain startup iov42 to create a prototype for a blockchain steel traceability solution. The work is part of a government-funded Blockchain Challenge in the UK’s Welsh region.
A Digital Product Passport is one of the objectives of the work which will involve getting feedback from Tata Steel UK’s customers. Iov42 will create an initial plan for a more substantial end-to-end solution.
“We’re always looking to learn, adapt and evolve to support commercial opportunities, and we’re confident that this exploratory project will allow us to assess the feasibility of blockchain to overcome existing obstacles,” said Richard Clarke, New Product Development Manager at Tata Steel UK.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
