Blockchain-as-a-Service (BaaS) company mintBlue has partnered with logistics platform Dockflow to unveil advanced sustainability solutions that bring blockchain technology to the masses, transforming the supply chain industry.
Regulatory demands and consumer expectations for sustainability are rapidly increasing, and mintBlue and Dockflow are at the forefront of integrating blockchain technology into real-world applications.
Their latest collaborative initiative, unveiled at the London Blockchain Conference, promises to revolutionise the logistics sector by delivering unmatched transparency, efficiency, and sustainability.
A showcase for blockchain in supply chains
This groundbreaking initiative showcases blockchain’s tangible impact on the industry. It enables accurate emission tracking with real-time monitoring and reporting of emissions, ensuring companies can meet stringent environmental standards. Additionally, the collaboration offers verifiable certification that aligns with global sustainability benchmarks.
Through enhanced transparency and efficiency, blockchain technology ensures data integrity and reliable shipping operations. This partnership highlights blockchain’s unique capability in the ClimateTech industry, setting a new standard for sustainable logistics solutions. Dockflow’s implementation of blockchain verification prevents errors, fraud, and double counting in emission projects and carbon credits, addressing critical challenges in the sector.
Furthermore, the partnership between mintBlue and Dockflow directly addresses the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements, which mandate standardised sustainability reporting across the supply chain. This initiative not only helps large companies and SMEs comply with these rigorous regulations but also drives the adoption of blockchain technology as an essential tool in achieving sustainability goals.
‘Together with Dockflow, we have developed a sustainability reporting solution where we’ve integrated the mintBlue software development kit,’ said Niels van den Bergh (CEO of mintBlue). ‘Now all the users of the Dockflow platform can notarise their events of shipping containers moving around onto the blockchain. This is interesting because this brings proof of what happened at a point in time.’
Fixing a problem with supply chains
‘Right now, it’s very difficult for logistics companies to track their CO2 emissions for their shipments. However, it is required by European law that there is CSR deregulation that requires them to do carbon accounting and to really keep track of their carbon emissions,’ said Pauline Van Ostaeyen (Cofounder of Dockflow). ‘Not only is it very difficult for them to do this, it is also a challenge once they want to start compensating these carbon emissions,’ she said.
This leads to a process which is not only cumbersome but also leads to very little transparency within the carbon emissions industry, she said. ‘So you’re never really 100% sure whether a specific carbon offsetting or a specific carbon compensation project has really been followed through and whether that really has offset your emissions.’
Van Ostaeyen noted that blockchain, and specifically the BSV blockchain, is the perfect backbone to help manage the complexity of supply chains.
‘For logistics or supply chain companies who are considering adopting blockchain for their solution. My two words of advice would be to make sure that the input is really clean. The data you put on the blockchain is only valuable if you’re sure that it’s standardised and that it’s actually really telling the truth. Otherwise, there is no sense in putting that on the blockchain.’
‘And my second word of advice would be to really consider whether you need a blockchain to solve your problem, or whether there is some step, whether there are some steps you need to get in line first before you start using blockchain,’ she said.
