Enterprises Embrace Blockchain Solutions for Environmental Sustainability

Beyond Blockchain #11: Jaguar Land Rover and Trafigura adopt blockchain to lower carbon footprint

Jaguar Land Rover adopts blockchain for leather traceability

British automobile company Jaguar Land Rover requires significant amounts of leather for its car interiors. In an initiative announced last week, the company trialled using blockchain technology to implement supply chain traceability. The company aims to ensure that their suppliers are using environmentally sustainable processes. The trial was conducted in partnership with blockchain startup Circulor and UK-based Bridge of Weir Leather.

H&M specialty store to track rental clothing on the blockchain

H&M is a publicly-traded Swedish multinational clothing company. Mitte Garden, one of H&M’s specialty stores in Berlin, recently launched a clothing rental service that uses blockchain and internet of things (IoT) to track rented clothing. The solution, called SPIN, was developed by blockchain circular fashion company, Lablaco. It will allow Mitte Garden customers to scan QR codes to retrieve origin information of clothing items that are a part of the special collection.

Trafigura steps up carbon emission tracking via blockchain

Commodity trading giant Trafigura has also partnered with Circulor to use a blockchain-based solution to track carbon emissions. Trafigura will be using blockchain to monitor its cobalt and nickel supply chains, primarily the ones that service electric vehicle manufacturers. The move is designed to enhance Trafigura’s Environmental, Social, and Governance (ESG) goals by enabling physical tracking and tracing of these materials from the point of production to the point where it is delivered to buyers.

UBS trials DLT-based fund distribution platform

UBS Asset Management is a fund management firm with $1.2 trillion in assets. On October 21st, 2021, UBS completed a proof-of-concept with a blockchain fund distribution platform, FundsDLT. The trial involved the use of FundsDLT’s platform to onboard UBS investors and execute a transaction lifecycle, from initiation to settlement and transfer. The trial streamlined the distribution process and brought real-time transparency to all parties. UBS announced that the solution passed with flying colors and will be adopted on a larger scale for all of its clients.

MDS Mexico to use blockchain to verify COVID-19 results

Mexican medical firm MDS has reportedly launched an in-house blockchain for verifying COVID-19 vaccination results. While results are still delivered physically, MDS includes a QR code that anyone can scan to verify the vaccination status and other health information about a patient.

Latest blockchain investments

Blockchain trade finance startup DiMuto raises $2.35M: DiMuto is a startup that offers a blockchain-based solution for supply chain management. In a Series A funding round this week, the firm raised $2.35 million from investors such as Yield Labs, SEEDs Capital, Ocean Crest Investments and Asia Capital Pioneers Group. DiMuto will use the new funding to scale product development to meet growing client demand.

Get started with blockchain In your enterprise

The diverse use cases for blockchain technology sometimes make it challenging for businesses to find core DLT applications that will deliver the desired results. At Move Digital, we have assembled a group of professionals that will evaluate your business objectives to determine key operational areas where introducing a DLT-based solution can radically change your margins and profitability. If you need help getting started with blockchain in your organization, feel free to send us an email



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