Euro Fintech CoreEuro Fintech Core
  • Blockchain
  • Crypto
  • Digital Payment
  • Fintech EU
  • Mobile Payment
  • Virtual Banking
Euro Fintech CoreEuro Fintech Core
Search
  • Blockchain
  • Crypto
  • Digital Payment
  • Fintech EU
  • Mobile Payment
  • Virtual Banking
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Euro Fintech Core > Blockchain > Blockchain Deployed to Track Sustainability of Composites for Bicycles
Blockchain

Blockchain Deployed to Track Sustainability of Composites for Bicycles

Marco
3 Min Read

Japan’s Fujitsu Ltd. and Teijin have launched a joint project to promote the sustainable use of recycled materials and trace emissions in the bicycle industry using a blockchain platform. The two Japanese firms will work with V Frames GmbH, a German manufacturer and distributor of carbon-fiber-reinforced plastic bicycle frames, and E Bike Advanced Technologies GmbH, a German manufacturer of bicycles, in the joint project running from January to March 2023.

Image courtesy of V FramesV Frames bicycle production
V Frames uses recycled carbon fiber in its bicycle frames, which are injection-molded in a cycle time of 90 seconds.

As part of the trial, Teijin and Fujitsu will leverage a blockchain-based commercial platform launched in July 2022 to promote the sustainable use of recycled materials, while tracing and managing greenhouse gas (GHG) emissions within the environmentally conscious bicycle industry. By implementing a business model that maximizes the environmental value of recycled materials, Teijin and Fujitsu aim to contribute to the further development of the carbon-fiber recycling market and the realization of a circular economy. Following the successful conclusion of the joint trials, Teijin and Fujitsu will promote implementation of the new platform, with the aim of commercialization in fiscal 2023, which ends in March 2024.

Many European bicycle manufacturers use frames manufactured in Asia, and many of these frames are also ultimately disposed of in landfills, often back in Asia. Energy consumption during long-distance transportation of resources, including materials and used frames across the supply chain, represents one major reason why resources are often not recycled and disposed of in a sustainable manner.

To contribute to the reduction of GHG emissions from its business operations, V Frames utilizes local resources in Germany and recycles used frames in its bicycle production. V Frames also exclusively uses recycled carbon fiber in its bicycle frames that are injection-molded in a cycle time of 90 seconds.

Image courtesy of TeijinBlockchain schematic
Project partners aim to use blockchain to track sustainability in the bicycle industry.

Within this joint project, Teijin and Fujitsu will conduct trials together with V Frames and Advanced Bikes to visualize the results of V Frames’ efforts to reduce GHG emissions in its production process, with the aim of fostering a shared awareness of the environmental value of recycled materials within the bicycle industry and industries handling carbon fiber.

Concretely speaking, a blockchain platform based on the Fujitsu Track and Trust digital ledger technology will be employed to develop tools for visualization and provision of tracked data. The ultimate aim is to create “digital twins” of bicycle frames within the blockchain and thereby track their lives.

Source link

Marco January 20, 2023
Share this Article
Facebook Twitter Copy Link Print
Previous Article Blockchain Bites: SEC targets Gemini Earn, US Congress creates crypto subcommittee for regulation, BlackRock eyes tokenised future, NAB to launch AUDN stablecoin
Next Article Blockchain uses – the real expansion has just begun
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

EU Open Banking Consolidation Broadens Reach
WSFS provider Intain launches tokenized asset backed security marketplace on Avalanche blockchain – Ledger Insights
Will HIVE Blockchain Technologies Ltd (HIVE) Outperform the Rest of the Stocks in the Financial Services Sector?
Form 424B3 SmartCard Marketing Syst

Popular Updates

EU Open Banking Consolidation Broadens Reach
What Is Blockchain | Money

Sections

  • Blockchain
  • Crypto
  • Digital Payment
  • Fintech EU
  • Mobile Payment
  • Virtual Banking

Quick Link

  • Home
  • Contact
  • Privacy Policy

Featured Updates

Bridging the Gap! How integration of blockchain and tokenisation can help change the global scenario 
Roaring Fork Transportation Authority going contactless with mobile pay and ticketing
Follow US

© 2022 Euro Fintech Core All Rights Reserved.

Removed from reading list

Undo