Initiatives involving blockchain are selected in Spain to follow the impetus of the circular economy

In Spain, MIDE (Madrid Innovation Driven Ecosystem) and the Sacyr Group selected five digital initiatives out of all those presented in their “Call for Innovation in the Circular Economy”. This was reported by the EI (Investment Strategies) portal.

The challenge arose from the following question: How can the recycled origin of materials be certified in order to include them in the value chain?

It’s so The initiative was born in order to “find new solutions for digitizing the circular economy cycle and improve cooperation between the various actors in the innovation and entrepreneurship ecosystem”.

Initiatives involving blockchain are selected in Spain to follow the impetus of the circular economy
Initiatives involving blockchain are selected in Spain to follow the impetus of the circular economy

There is currently a growing demand in the market for packaging or products made from materials of recycled origin. For this reason, it is necessary to identify solutions that can be used to certify that the raw materials generated with waste in the plants (…) are in fact of recycled origin, as described in the EI article.

In this context, the aim is to “promote the circular economy and provide safety and quality control for this type of material or raw material”.

Finalists

Specialists from MIDE, Sacyr and IBM selected the finalist projects on the basis of five criteria: “The degree of innovation of the solution, its feasibility, the equipment, the simple implementation and the approach to the proposed challenge”. .

As described in the article on investment strategies, the finalists are:

  1. Armilis and Chemstrategy: Give your customers the ability to integrate certified traceability into blockchain and provide data services, analyzes, and energy and petrochemical information in order to carry out their strategic planning and make decisions.
  2. Circular in Motion: solution with digital certification to buy and sell renewable and recycled materials.
  3. Circularize – Blockchain-based software that connects global supply chains.
  4. Recirculation: Active platform for connecting companies and operations for the recovery of waste as raw materials.
  5. Teimas: company that develops technological products to reduce the environmental impact of companies and public institutions.

presentations

On May 19, the finalists can present their projects at the DES (Digital Enterprise Show) in front of representatives of the innovative ecosystem, members of MIDE, Sacyr and participating organizations.

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