A marketplace for recycled plastic is using blockchain for authenticating material origins. But is the technology sustainable enough for that purpose?

Blockchain technology has been with us for decades, having been created as a means of recording transactions of cryptocurrency. Now it has migrated over to the supply chain — but what is its precise value there? On this episode, we learn about how Oceanworks, a global marketplace for recycled plastic materials, is relying on blockchain to validate the origin of product and track it to destination. Chief executive officer Vanessa Coleman explains how the company values blockchain, and why it can play an important role in reducing carbon emissions. But how “green” is blockchain in actuality? And how does it work in the supply chain with all those miners and tokens? Finally, will the technology truly become “table stakes” in operating sustainable supply chains in the years ahead? Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.

Show notes:

A blog post: “From Shores to Shelves: Codifying Ocean Plastic Supply Chains.”