Traceable Truths: Using Blockchain In Sustainable Energy Products

It's never been easy for energy products to demonstrate they are sustainable because such products are not easily traceable through the supply chain. Commodity products such as energy, plastics, carbon, and fuels are fungible, voluminous, and blended with each other. The supply chains are not segregated, leading to possible cross contamination when a sustainable fuel passes through infrastructure that is shared with traditional fossil fuels.

However, regulatory efforts are putting pressure on organizations to address this using new digital solutions, leveraging machine generated data, blockchain trusted ledgers, cloud computing, and analytics.

Concepts like digital passports that accompany physical cargos allow supply chain participants to track the movements of cargos and trace their chain of custody from feedstock to the consumer, and back through the waste stream as they reenter the manufacturing loop.

These ideas do not apply solely to fuels. Minerals such as lithium, which have very high value and are recyclable, are also benefiting from passports that provide assurance that the minerals are responsibly sourced and properly handled.

One of the key technologies that the energy industry uses for this purpose is called Marco, a kind of middleware technology for digital ledgers that provides for easy solution building.

In this interview, I speak with Noslen Suárez, account executive with Finboot, on how Finboot's solutions allow petroleum, petrochemical, and energy companies deliver sustainable products. Noslen has a background in Physics, and holds a PhD in quantum mechanics.

Connect with Noslen:

📇 Linkedin: https://www.linkedin.com/in/noslensuarezrojas/

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The views expressed in this podcast are my own and do not constitute professional advice.