Sustainable Development Goals
Organizations Involved:
MIT Sloan School of Management, Kodexe, CMA CGM Group, CEVA Logistics, Goodpack, Tire Manufacturers & Tire Recyclers, Carbon Black Manufacturing Companies, Several Financial Institutions, Carbon Trading Platforms
Services:
Energy & Waste Audits, Plant Efficiency Upgrades, Due Diligence Services, Supply Chain Management, Carbon Management
With each new tire pyrolysis recycling project that Klean rolls out, the company will be implementing the patent-pending KleanLoop platform. The KleanLoop is a decentralized system that collects and stores real-time plant processing and operating data that is incorporated into Blockchain. We believe the KleanLoop will transform not only the tire pyrolysis sector; but also the tire manufacturing and recycling sectors.
The KleanLoop is designed to enhance financial transparency in the stewardship of all products used in the tire manufacturing sector. It will also further enhance the visibility of the production and sales of tires and tire-related products. Additionally, it will provide improved efficiencies in the global tire industry by bringing environmental, social, governance (ESG) to the forefront of the industry; setting the gold standard in environmental compliance and reporting - an integral step toward cleaner water; air, and healthier ecosystems for future generations.
KleanLoop™ Business Case for End-of-Life Tires
KleanLoop's patented blockchain technology is set to transform the tire waste recycling sector by enhancing transparency, transaction speeds, and ease of access to commodity trading data. Creating symbiosis between one company's waste and feedstock for another company's recycling process; creating circularity within the plastic industry. Utilizing blockchain; automated data population and AI; KleanLoop's aim is to become the industry-leading resource tracking and trading platform - an integral step towards cleaner water; air and healthier ecosystems for future generations. Blockchain technology has the potential to revolutionize the way end-of-life tires are managed, and this can have a significant impact on the environment. End-of-life tires (ELTs) are a significant environmental problem due to their bulk, slow decomposition rate, and potential for toxic leaching. Traditional methods of disposing of ELTs, such as landfilling or incineration, are not sustainable and can pose significant environmental risks.
Blockchain, on the other hand, is a decentralized, secure, and transparent digital ledger that can record transactions and store data in a tamper-proof manner. By applying blockchain technology to ELT management, we can create a secure and transparent system for tracking the entire lifecycle of tires from production to disposal. The blockchain can enable stakeholders to record and share information about the origin, composition, and history of each tire, including its manufacturer, date of production, and usage data. This information can be used to track the movement of tires through the supply chain, monitor their usage, and ensure that they are disposed of responsibly. For example, a tire manufacturer could use blockchain to record the production of each tire, including the materials used and their origin. Distributors and retailers could use blockchain to record the sale and distribution of each tire, ensuring that they are sold to reputable buyers who will use them safely and dispose of them properly.
Once a tire reaches the end of its life, blockchain technology can facilitate its responsible disposal. Waste management companies could use blockchain to record the collection and transportation of ELTs, ensuring that they are transported to licensed disposal facilities. Furthermore, blockchain technology can also enable the creation of a market for recycled tire products. By recording the entire lifecycle of a tire on the blockchain, it can be traced back to its origin, providing a level of transparency that can be used to certify the quality and sustainability of recycled tire products.
In conclusion, blockchain technology has the potential to transform the way end-of-life tires are managed, providing a secure, transparent, and sustainable system for tracking their entire lifecycle. By enabling responsible disposal and promoting the use of recycled tire products, blockchain can help us move towards a more sustainable future.
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