Project description
Boosting transparency in circular economies using blockchain
A circular economy aims at eliminating waste and ensuring the continual use of resources. Circularity relies on transparency and the certainty that materials are kept in productive use. Unfortunately, it is impossible to determine the exact origin of most manufactured products. The EU-funded CirculariseSource project is developing a solution based on blockchain technology and the use of decentralised, encrypted data via a portal, enabling value-chain transparency without disclosing data sets or supply chain partners. The portal will allow users to track materials' characteristics in cases where it is difficult to do so; moreover, it will use virtual currency, ensuring fraud-proof certifications with standards developed by the industry. The project's solution will improve upon existing circular economy business models, increasing the market share of sustainable products.
Objective
Circularise offers a blockchain-based transparency solution to provide absolute proof for the circular economy, sustainability and recycling
practices of manufacturers at any stage of the supply chain. Circularise enables value chain transparency without disclosure of datasets or supply
chain partners. The portal uses decentralized, encrypted data to track material characteristics of products which are not distinguishable by
disassembling the product, e.g. whether, and which proportion recycled materials have been employed. The system uses a virtual currency and
chemical tracer to make supply chain transparency fraud-proof and certify materials. Different from paper-based information sharing which, in 65%
of the cases, doesn't even go past tier 1 suppliers, the system does not require the entire supply chain to be known, cooperating, or certified. The
technology decreases auditing and production costs due to a smaller number of audited parties. Validatable claims are traded directly from the
material manufacturer to the brand owner no matter how far along the supply chain the manufacturer is. The resulting affordable recycled material
will increase the market share of sustainable products and make them attainable for average customers. The possibility to increase revenue
through circular economy business models makes it an intrinsically motivated development. The possibility to increase revenue through circular
economy business models revolutionizes the sector turning it from a necessity due to external expectations to an intrinsically motivated
development. The proof provided by Circularise allows monetization of the sustainability practices and creates an intrinsic motivation for circularity
in our economy.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences computer security cryptography
- social sciences economics and business business and management business models
- social sciences economics and business economics sustainable economy
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
2595 AN Den Haag
Netherlands
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.