Marubeni will use blockchain to track plastic shipments – Bits Media

The large Japanese trading company Marubeni concluded partnership with the startup Circularise, To use a blockchain to track the supply of chemicals and plastic.

Plastic is a serious environmental problem, since it decomposes hundreds of years, as well as contains various carcinogenic and toxic chemicals, Including trioxide antimony, phthalate, mercury, Bisphenol, cadmium and so on.

Marubeni concluded a partnership with the Dutch startup Circularise, To use blockchain to track supply chains. Blockchain will monitor the supply of chemicals, but at the same time maintain the necessary level of privacy participants.

First, the system is tested among Japanese customers Marubeni and, If the pilot program is successful, They will connect international partners to it and. Operational Director and Head of the Marubeni Terumas Vatanabe Plastic supply unit (Terumasa Watanabe) noted:

“Blockchain will ensure transparency and greatly simplify decision making, Especially when it comes to the supply of initial chemicals ".

Recall, what's in the beginning 2019 years Marubeni have concluded a partnership agreement with the American startup LO3 Energy for the use of blockchain to develop its energy direction.