Circularise joins the Enterprise Ethereum Alliance
We are proud to announce that Circularise has officially joined the Enterprise Ethereum Alliance (EEA). We joined the Supply Chain working group, one of the 17 working groups of the largest open-source blockchain organisations in the world. Currently, EEA fosters nearly 300 members, from Fortune 500 enterprises (including Accenture, Deloitte, Microsoft, ING, Intel, JP Morgan, and others) to startups, enterprises, academics, and technology vendors.
Our aim at Circularise is to develop an open-source, transparent, and secure communications protocol that will allow the stakeholders in the value chain to share the information needed for achieving a circular economy. According to Reuters, the 2016 e-waste scrap has been estimated to reach more than USD 64 billion worth of raw materials, when only a small part of it has been recycled, reused and refurbished. Moreover, an Accenture research discovered that a transition to a circular economy could unlock an additional economic output worth USD 4.5 trillion by 2030. We believe that transparency and collaboration are key pillars of a circular economy.
The European Union has set many objectives with deadlines on circularity to be achieved in the next 10 years. In order to meet all these deadlines, an open protocol for collaboration between countries, industries and all the stakeholders in the supply chain is crucial.
Furthermore, collaboration is not only a key action for achieving the circular economy but a core value of our work at Circularise. Therefore, it is a natural step to join the Enterprise Ethereum Alliance. “We joined the EEA because we [at Circularise] feel that by working together with all these companies, we can truly revolutionise the supply chain industry,” Jordi de Vos, founder at Circularise, said.
Our startup was founded in 2016 by Jordi de Vos, a blockchain aficionado, and Mesbah Sabur, a circular economy expert. In 2017, we received funding from EIT RawMaterials, an organisation initiated and funded by the EIT (European Institute of Innovation and Technology), a body of the European Union. EIT RawMaterials is the largest and strongest consortium in the raw materials sector worldwide. Its mission is to boost competitiveness, growth, and attractiveness of the European raw materials sector via radical innovation and guided entrepreneurship.