RSB & Bioledger release biofuels blockchain case study
The Roundtable on Sustainable Biofuels (RSB) and software company Bioledger released a case study on the potential of a blockchain database to support traceability of biofuel and its feedstocks and overcome the vulnerabilities identified in securing the supply of sustainable renewables.
The report summarizes the results of a project which ran between January and November 2020. The project was made possible by a grant from the ISEAL Innovations Fund, which is supported by the Swiss State Secretariat for Economic Affairs (SECO).
For the study, a blockchain database that enables verifiable proof of origin, secure consignment creation, process simplification, audit efficiency, data integrity, and central governance was prototyped and trialed with project partners to process a total of 1,927,906 liters of feedstock, accurately representing real-life commercial and operational processes.