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ChemChain SIGNED

Blockchain Platform to Track Chemicals along the Value Chain

Total Cost €

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EC-Contrib. €

0

Partnership

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 ChemChain project word cloud

Explore the words cloud of the ChemChain project. It provides you a very rough idea of what is the project "ChemChain" about.

ec    reduces    margin    enhanced    human    building    articles    hands    economy    circular    million    opportunity    annual    compliance    exchange    simplification    53    material    lifecycle    blockchain    trusted    industry    immutable    generation    environmental    decentralizing    chemchain    dramatically    society    chemicals    time    constraints    creates    sale    comply    documented    supports    sustainability    demonstrating    fast    health    regulatory    unprecedented    knowhow    chain    billion    changer    raw    upcoming    transparency    facilitated    source    added    gross    errors    total    track    data    companies    innovation    as    stimulation    store    supply    overcome    waste    consumers    chemical    layer    leads    game    infrastructure    delays    recyclers    plague    components    grow    business    globally    trust    big    market    2023    operators    demand    risks    flow    synergies    manufacture    disruptive    legisltive    legislation    direct    accepted   

Project "ChemChain" data sheet

The following table provides information about the project.

Coordinator
MY CHEMICAL MONITORING BV 

Organization address
address: VAN DER TAKSTRAAT 8,
city: ROTTERDAM
postcode: 3071 LL
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Netherlands [NL]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-08-01   to  2020-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    MY CHEMICAL MONITORING BV NL (ROTTERDAM) coordinator 50˙000.00

Map

 Project objective

As there is significant market demand for enhanced flow of data and transparency throughout the lifecycle of products, to comply with existing legisltive requirements and to address emerging circular economy challenges, ChemChain supports the industry by creating a trusted and globally accepted open-source blockchain infrastructure to store, exchange, build and track chemical-related information along the supply chain. ChemChain blockchain technology is a game-changer for decentralizing infrastructure and building a trust layer in the Chemicals Supply Chain. Every time a raw material or product changes hands, from manufacture to sale, its chemicals could be documented. This creates an immutable source of information on a product’s chemical components, allowing companies to overcome current supply chain constraints. Also, it dramatically reduces time delays, added costs, and human errors that plague the chemicals supply chain today. ChemChain leads to (i) reduction of costs and simplification of procedures for demonstrating regulatory compliance, (ii) enhanced exchange of information among companies and stimulation of new synergies, (iii) increased knowledge on chemicals in products also among consumers together with a better understanding of their importance and risks, (iv) facilitated access to information on chemicals in articles also to recyclers and waste operators to manage potential environmental and health risks, and (v) generation of big data on the flow of chemicals in the society as unprecedented knowhow needed to address upcoming sustainability and circular economy challenges. Business Opportunity: Since estimated average annual total direct compliance cost with the legislation relevant to chemical companies (Europe only) approaches €9.5 billion, our project has potential for disruptive innovation and fast market up-take. The EC funding will allow us to quickly grow to €9.53 million in gross margin by 2023.

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The information about "CHEMCHAIN" are provided by the European Opendata Portal: CORDIS opendata.

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