The aim of the pilot is to test a platform that supports manufacturers and brands to back their sustainability claims with verified data.
The focus on more sustainable products, standards and operations have increased drastically in recent years. With the vast amount of information and various standards, providing access to quality facts that can enable the customers to review products from start to finish is more important than ever.
By doing so the customer can make greener purchase decisions based on facts and not just green promises. Hydro will implement the blockchain powered Tag. From raw material to a park bench In the pilot phase, Hydro and DNV will work together with the sustainable furniture maker Vestre. The product data on the platform gives the company and their customer traceability of the aluminium and the CO2 emission from raw material to a finished bench in a public park.
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The next step is to review the experience from the pilot to assess how Hydro can implement the platform to a standardized model. The goal is to roll-out the platform to more customers. Hydro plans to roll out the pilot in Fact box What is blockchain?
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The resulting blockchain is immutable because every block is validated based on previous blocks, making it near to impossible to alter — as the modification of a recorded transaction would require modifying all previous blocks. Blocks are validated by an algorithm to ensure replication among nodes are undertaken.
Third party verification of processes on integrity of adding data as well as data checks add confidence that product claims are trustworthy and documented. How could a blockchain-enabled system provide provenance and responsible production claims? A producer can document product quality, environmental crypto co2 emissions and sustainability improvements distinctive to their products and make it available in a blockchain-based ecosystem.
This creates differentiation in a competitive market increasingly looking for transparency and builds added trust in 3rd party validated sustainability claims. The trustworthiness and security builds on 3 factors: Each certificate or product passport is equipped with a unique digital identity and therefore crypto co2 emissions.
The Portuguese Parliament and EU affairs According to the Portuguese Constitution adopted inPortugal is a semi-presidential Republic and a parliamentary democracy. It is a unitary state which also includes two autonomous regions the Azores and Madeira archipelagos with their own political and administrative statutes and self-governing institutions Article 6 of the Constitution. The Assembly exercises
Anyone can easily trace its origin at source and check authenticity and details on the blockchain. Published: m.