Posted by Tokyo, Japan: Teijin and Fujitsu have agreed to jointly build a blockchain-based commercial platform to promote the sustainable use of recycled materials. This joint project between Teijin and Fujitsu will enhance the environmental value of recycled materials for manufacturers.
It will promote environmentally conscious design by leveraging the capabilities of Teijin and Fujitsu. That includes Teijin’s Life Cycle Assessment (LCA) Calculation Method for measuring the environmental impact and Fujitsu’s blockchain technology to collect and track primary data on environmental impact (including GHG emissions).
The new blockchain-based commercial platform will promote recycled materials’ use and environmentally friendly designs. And will provide recycled materials-based manufacturers with accurate information about their environmental footprint, including proof of origin of recycled materials and data on GHG (Green House Gases) emissions.
This joint project shows the commitment of Teijin and Fujitsu toward the common global goal of a carbon-neutral future for humanity.
For the manufacturing industry measuring and reducing the environmental impact of manufacturing processes as well as recycled materials remains a challenge.
However, manufacturers today are leveraging LCA throughout the life cycle of products, disclosing evaluation results, and taking proactive measures to obtain environmental labels as part of their environmental impact management strategies.
Transparency and traceability of recycled materials remain an ongoing challenge, and demand for solutions for reliable information management is expected to grow amidst trends to institutionalise the verification of the usage of recycled resources.
To address this issue, Teijin and Fujitsu started their collaboration on a blockchain-based commercial platform to promote the sustainable use of recycled materials and provide manufacturers with reliable and transparent information on the origin of recycled resources and data on GHG emissions.
As the first step in their collaboration, Teijin and Fujitsu will start full-scale trials with the aim of realizing business in the fibre-reinforced plastics (FRP) field within fiscal 2022. Based on the results of these trials, the two companies will consider expanding the scope of the project to other types of materials.