Case studies

Algorand can help businesses prove the sustainability of their products

Written by Algorand Foundation | Nov 13, 2024 5:00:00 AM

Sustainable products aren’t always traceable and trustworthy. Finboot, a green supply chain management platform, uses the carbon-neutral Algorand blockchain to empower companies to track, verify, and prove the sustainability of their products.

 

 

"Algorand is building a reliable, safe, zero-downtime blockchain that enables the sharing and validation of information. When we are talking about regulation, about sharing product data, about all the parts involved in sustainability at large enterprises, Algorand is the way to go."

- Alvaro Llobet, Head of Product, Finboot

Sustainable products often suffer from opaque supply chains, which makes it difficult to track product origins and life cycles and creates uncertainty for businesses.

Finboot uses Algorand to track and verify supply chains, ensuring all partners involved in a product's lifecycle have access to the same, verifiable data.

 

Key benefits

  1. Finboot traces a product from its raw material origins through its transformation and sale to consumers.
  2. Finboot accelerates companies' sustainability journeys with evidence-backed data for transparency and trust.
  3. Companies can verify circular, low-carbon products to meet regulatory and consumer demands.

 

With Algorand, Finboot’s large-scale enterprise solutions are already working for chemical and fuel-efficiency giants like Repsol, Sabic, and Moeve.

 

 

Finboot solutions are used today by: