BLOCKCHAIN APPLIED TO THE WASTE MANAGEMENT SECTOR

The use of Blockchain technology will have a direct impact on improving waste management and preventing malpractice. It will increase transparency regarding the responsibility of all actors with respect to waste generated. The application of Blockchain to waste management will represent a step forward in the implementation of the circular economy.

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Waste generation rates, finding appropriate destinations to ensure correct waste management, and currently implemented waste treatment methods are all areas where there is great room for improvement.

The current waste and refuse treatment model does not correctly distribute the responsibilities of the actors involved in the process. In fact, the standards of the methodology designed to assign degrees of responsibilities are low in terms of security of information.

In order to obtain efficient results, it is vital to introduce an updated system that reflects a complete waste treatment cycle, indicating how and where the waste is generated, stored, processed, recovered and, even, landfilled.

And here in lies the value of Blockchain. It enables an easy and accessible vision of the supply chain. It would contribute value to governments, companies and consumers to facilitate better understanding of product lifecycles. Moreover, the parties involved would feel greater responsibility to behave sustainably, because there would be more transparency and certainty regarding the veracity of data.

The use of Blockchain technology is feasible in the global waste management sector and for all types of waste streams, be they domestic or industrial. Obviously, there are differences in the control of production, sorting, storage and treatment, but Heura, a pioneering environmental consultancy company in the use of this technology, thanks to its cooperation agreement with Signeblock, firmly believes in the applicability of this tool.

Better results will be obtained in terms of achieving the United Nations Sustainable Development Goals on guaranteeing sustainable consumption and production models if efforts are focused on the generation of municipal waste; given that this waste is produced in far greater quantities than industrial waste.

Published in: Nº62 FuturENVIRO July 2019