Bioledger and RSB launch a case study on the potential of a biofuels blockchain database
Type of post: NEWS.
Bioledger and RSB have launched a case study on the potential of a blockchain database to support traceability of biofuels and its feedstocks and overcome the vulnerabilities identified in securing the supply of sustainable renewables.
Press release: “Combatting Fraud with Technology: RSB & Bioledger Launch Biofuels Blockchain Case Study”, 12/03/2021.
Related posts:
- “Chain of custody and blockchain in the bioeconomy and the circular economy – General concepts”, 09/11/2020.
- “Chain of custody and blockchain in the bioeconomy and the circular economy – List of examples”, 19/11/2020.
The proposed solution (a blockchain database that enables verifiable proof of origin, secure consignment creation, process simplification, audit efficiency, data integrity, and central governance) was prototyped and trialled with project partners to process a total of 1,927,906 litres of feedstock, accurately representing real-life commercial and operational processes. The project was made possible by a grant from the ISEAL Innovations Fund, which is supported by the Swiss State Secretariat for Economic Affairs (SECO).
To evaluate the efficiency and suitability of the database, the prototype was piloted by four partners involved in the production and distribution of fuels made from used cooking oil (UCO). These partners were: Greenergy (UK, Europe’s largest waste-based biodiesel producer), Rexon Energy (Singapore, an exporter of UCO to the EU), Bensons Products (UK, a UCO collector) and Valley Proteins (USA, a UCO collector and exporter). By piloting the approach with such a diverse group of partners, the project was able to identify recommendations and observations to build out a full database to be used by industry globally to improve transparency and control in certified sustainable biofuel supply chains. Other key stakeholders who provided support and contributions to the project are the MVO (Dutch Oils and Fats Industry), the EWABA (European Waste-to-Advanced Biofuels Association), the EBB (European Biodiesel Board), the European Commission, Peterson Control Union, SCS Global Services and Oracle Consulting Services.
RSB and Bioledger continue to engage with industry and regulatory stakeholders towards ensuring that the technical capabilities to mitigate fraud, restore trust, and build transparency are integrated into industry standards and digital platforms such as the RED II database for renewable road transport fuel and international sustainable aviation fuel. Bioledger is utilising the lessons gained from the pilot project to provide a new blockchain database for the biofuels market.