Challenge Area:
Circular Economy
Problem Statement:
Lack of product lifecycle transparency discourages sustainable consumption.
Solution Concept:
A blockchain-based product passport system (e.g., Cosmos) to track lifecycle data (e.g., materials, repairs). Smart contracts verify sustainability claims.
Expected Impact:
Encourages sustainable purchases by 30%, impacting 500,000+ consumers.
Next Steps:
Build a PoC with Cosmos, preprocess lifecycle data, and document scalability.
Challenge Area:
Sustainable supply chains
Problem Statement:
Consumers lack visibility into the environmental impact of products, hindering sustainable choices.
Solution Concept:
A blockchain-based product passport system to track a product’s lifecycle (materials, production, transport). QR codes link to on-chain data for consumer access.
Expected Impact:
Encourages sustainable consumption, holds producers accountable, and reduces environmental harm.
Next Steps:
Build a PoC with a product passport smart contract, integrate QR code generation, and test with a sample product.