Dan is Chief Innovation Officer with End of Waste Foundation. He strongly believes that distributed ledgers and decentralised networks can help bridge a “trust gap” between parties exchanging information. He finds great joy in brainstorming and is proud that EoW envisioned a trustworthy and transparent way to trace a quantity of waste from the Hauler to the Manufacturer that uses secondary raw materials to create new products. This is what the End of Waste Foundation does: tracing waste from generation to the “end of waste” state and building a Distributed Responsibility System.
We are using blockchain for tracing materials within waste management system and recycling industry, through waste generation, collection, treatment, processing and recycling phases. The method includes execution of blockchain smart contract transactions between parties involved with this activity, using specific tokens mirroring real life quantities exchanged between the stakeholders. Upon successive validations between parties the data is written in blockchain database creating traceability chains based upon chain of custody of the specific materials. All the information is auditable and the level of transparency can vary upon stakeholder’s interests and approvals. The sequence of validations ensures that with as much as one trusted party in the chain, fraud is impossible.
