Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the circular economy. This time, you get to discover 5 hand-picked blockchain startups.
Global Startup Heat Map highlights 5 Top Blockchain Startups advancing the Circular Economy out of 280
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 280 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 blockchain startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 275 blockchain solutions advancing the circular economy, get in touch.
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Eiravato enables Circular Waste Management
Heavy industries generate considerable amounts of waste in the form of material waste and unfinished products. To advance circular operations, companies seek to funnel these materials back into production streams. However, current material management systems fail to do so because of a lack of transparency. To address this challenge, startups offer blockchain-based solutions that allow companies to maximize the value from their materials.
Eiravato is an Irish startup offering a circular waste management solution. Its software leverages artificial intelligence, big data, and blockchain to design and implement waste capture strategies while mitigating risks. By leveraging a dataset of circular materials, it allows companies to capture materials before they end up in waste channels. Moreover, it maps and optimizes materials’ journey throughout the life cycle.
lablaco offers Circular Retail-as-a-Service
The fashion industry is increasingly adopting circular models to offset its carbon footprint. While this works at the scale of raw materials and fibers, it is still challenging for finished products. This is because brands find it difficult to prove the provenance and sustainability impact of pre-owned clothes. Blockchain-based solutions address this by making clothes traceable throughout their life cycle.
French startup lablaco develops circular fashion solutions. LPLUS, the startup’s circular Retail-as-a-Service platform, tokenizes products on the blockchain. For the consumers, the startup offers SPIN, a platform that allows them to list and assign traceable digital ownership for pre-owned items. Together, the solutions allow brands and retailers to verify product origin, environmental impact, and customer ownership over the product’s life, enabling circular business models.
BanQu enables Supply Chain Transparency
Going beyond individual facilities and local communities, circular economy solutions seek to close the loop in global supply chains as well. Digitization of supply chains allows companies to ensure that their supply chains are circular. Blockchain technology is making supply chains more transparent, giving companies visibility into their environmental impact. Moreover, circularity makes supply chains more resilient to disruptive events.
US-based startup BanQu builds a supply chain platform. It uses blockchain to authenticate transactions in supply chains, enabling companies to manage records, mitigate risks, and prevent losses in transit. By making supply chains transparent, the startup’s solution advances circular economy through enabling operations like optimizing the recyclables value chain. It also tracks anomalies and losses in real-time as well as allows companies to prove their sustainability metrics.
cirplus builds a Circular Plastics Marketplace
Globally, companies are seeking to improve sustainability by using recycled or upcycled materials. However, finding suppliers for circular materials remains a challenge. Even more so, verifying the circularity of raw materials is difficult for companies, especially for geographically distant suppliers. By tokenizing waste, blockchain startups offer marketplaces for circular plastics and other recyclables.
cirplus is a German startup that offers a global marketplace for circular plastics. It utilizes AI and blockchain to close the loop for plastics and other recyclables. The marketplace allows companies to access circular plastics suppliers, minimize supply chain risks, and procure faster. Its portfolio includes a wide range of recyclable materials from agriculture, commercial, industrial, and consumer sources.
Empower offers Waste Recycling Incentives
Plastics come in a wide range of types, with varying suitability for recyclability. However, households, communities, and businesses often lack incentives or tools to classify their plastic waste. Similarly, the inability to calculate the true value of waste often limits the adoption of circular solutions. This is why startups are working on solutions that incentivize users to recycle waste and provide classified recyclables for buyers.
Norwegian startup Empower delivers solutions that incentivize transparent and traceable waste collection, sourcing, and recycling. Its eponymous platform certifies recycled plastic and provides access to plastic buyers globally to encourage companies to sell their used plastics. The startup also assesses the environmental impact of recycling waste materials into finished products.
Discover more Circular Economy Startups
Startups such as the examples highlighted in this report focus on Bio-based Materials, Remanufacturing, Blockchain as well as Waste-to-Resource Solutions. While all of these technologies play a major role in advancing the Circular Economy, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
