The new pilot project will employ the GreenToken by SAP system to trace raw materials across the supply chain, starting at the point of origination
Japanese chemical company DIC has collaborated with software company SAP to build a waste plastics traceability system using blockchain technology.
The new pilot project will employ the GreenToken by SAP system to trace raw materials across the supply chain, starting at the point of origination.
This will improve the visibility of manufacturing and inspection processes, as well as data relevant to physical properties and quality.
Customers will benefit from knowing the exact quantity of recycled material in the recycled plastics they are utilising.
The system will help boost the recycling of plastic resources and contribute to achieving a circular economy.
SAP’s GreenToken leverages private blockchain technology to make the supply chain transparent.
It tracks materials from their point of origin through production, sale, usage, collection, pulverisation, recycling, and reuse.
With the use of digital twin technology, it is feasible to save data using tokens, including particular raw material features connected to the origin, carbon footprint, and source of gathered polystyrene containers.
The issue of tokens will help track the recycled materials even when they are combined with other raw materials and processed into new products.
SAP’s GreenToken co-founder James Veale said: “Chemical recycling is key to accelerating the shift to a circular economy.
“Plastic from chemically recycled plastic waste is indistinguishable from plastic from conventional sources.
“Our solution proves that it really is circular plastic and provides complete, auditable supply chain transparency. That means more trust in recycling from customers and ultimately less waste in the environment.”
DIC Group will keep working with clients and vendors throughout its supply chain to increase circularity in the significant food packaging sector.