CircularPort: blockchain for waste management in ports.

CircularPort is a blockchain-driven waste management solution that works towards more ecological and efficient ports.

Objectives of CircularPort - blockchain solution

The objective of CircularPort is to eliminate much of the existing bureaucracy in the process of receiving and recycling port waste to improve the management processes and recycling thereof.

That according to the experiences collected from the application of blockchain technology in ports supply chain, can achieve improvements of 70% in terms of process. How? simplification, eliminating waiting times leading to a better coordination, obtaining operational and security advantages in port facilities.

In addition, blockchain’s traceability will avoid fraud from shipowners when discharging waste at port and disincentivize the illegal discharge at sea.

Blockchain technology applied to ports

• Waste traceability

  Blockchain technology is ideal, compared to other digitization technologies, to attract multiple agents of the logistics-port community, whether they are public or private, and align them with the objectives of the port authority.

  With CircularPort, we aim to achieve traceability of waste and significantly reduce the time and effort required for waste reception services in ports. This is especially true for MARPOL V waste, organic fraction, hazardous waste, as well as waste found in port containers.

  Blockchain not only streamlines administrative procedures but also provides a great degree of transparency.

  Furthermore, CircularPort is open to all kinds of inspections that must be carried out by different agents involved in waste management processes within a port area according to current regulations.

• Incentivizing recycling: turning waste into assets within the value chain

  Finally, is important to highlight the additional circular component in our project. PORTNET will develop a new token for a secondary market to incentive those shipowners which deliver their waste sorted, converting it in an asset for the whole value chain.

  Shipowners receives bonifications, port authority increases recycling indicators following the Smart Ports approach and waste reception companies obtain valuable waste to trade with.

Support received for the development of CircularPort

The CircularPort project, devised by the Blue Room Innovation team, has achieved suport and funding of GALATEA. It has also had the support of ACCIÓ to develop and test its WASTEPORT technology component at the ADALMO facilities. Finally it should be noted that the Port of Palma acted as a facilitating agent for the implementation of the pilot.

You want to know more? Are you interested in the project?
Write us to info@blueroominnovation.com! and sure, we can collaborate!