The proposed solution a blockchain database that enables verifiable proof of origin, secure consignment creation, process simplification, audit efficiency, data integrity, and central governance was prototyped and trialled with project partners to process a total of 1,927,906 litres of feedstock, accurately representing real-life commercial and operational processes. 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).
To evaluate the efficiency and suitability of the database, the prototype was piloted by four partners involved in the production and distribution of fuels made from used cooking oil (UCO). These partners were Greenergy (UK), Europe’s largest waste-based biodiesel producer; Rexon Energy (Singapore), an exporter of UCO to the EU; Bensons Products (UK), a UCO collector; and Valley Proteins (USA), a UCO collector and exporter.
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.
The Roundtable on Sustainable Biomaterials and Bioledger are using blockchain technology to fight fraud and see how it can support traceability of biofuel and its feedstocks and overcome the vulnerabilities identified in securing the supply of sustainable renewables. The proposed solution 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.
In today’s Digest, how blockchain can help prevent fraud in biofuels, details on this RSB, Bioledger project which included Greenergy and other real-world biofuels players, reactions from the stakeholders, and more.