ChemChain

ChemChain is a blockchain platform to store, exchange, build and track chemicals along the supply chain. This came as a response to the significant market demand for enhanced flow of data and transparency throughout the lifecycle of products, to comply with existing legislative requirements since estimated average annual total direct compliance cost with the legislation relevant to chemical companies (Europe only) approaches €9.5 billion (please see our presentation video). Every time a raw material or product changes hands, the presence of specific chemicals and related information is documented, creating a permanent history of a product’s chemical components, from manufacture to sale and its following life cycle. Our blockchain solution creates an immutable source of information on a product’s chemical components, allowing companies to overcome current supply chain communication constraints. This could dramatically reduce time delays, added costs, and human error that plague the chemicals supply chain today. We have recently received funding from the European Union’s Horizon 2020 SME Instrument Phase 1 under grant agreement No. 875783 and we are currently running a feasibility study and setting up our first pilot cases