Dell Uses VMware’s Blockchain Solutions to Track Recycled Packaging Materials

The latest report shows that Dell uses VMware’s blockchain solutions to trace and track oceanic plastics and packaging materials. VMware’s Pratima Gluckman elaborated on the details concerning how Dell and VMware are working on this project.

She said that as firms continue innovating technological solutions, there are always challenges that emerge. Therefore, Dell and VMware have had to find out how to authenticate source materials and eliminate fraud using blockchain.

Plastics in our oceans

Forbes identified major Asian countries (China, eastern India, Malaysia, Philippines, Singapore, Brunei, Indonesia, Vietnam, and Thailand) that are dumping more plastic wastes into the oceans than the rest of the world combined. These countries are responsible for 60% of the entire plastics in the oceans.

Most computer and laptop manufacturers, including Dell, have strong supply chains in South East Asia. 

For instance, Dell is taking advantage of the oceanic plastics by recycling and adding them into its supply chain.

In 2014, Dell began incorporating plastics recovered from e-waste and recycled them into new parts. In this way, Dell aims to build a circular economy to eliminate the entry of plastics into the oceans. The company intends to prevent the entry of three million pounds of plastics into the oceans within the next five years.

VMware blockchain   

Based on the interview with GreenBiz, Gluckman mentioned that VMware provides blockchain solutions to trace and track such recycled plastics. For example, the end-users who have bought Dell laptops can view the origin of the recycled material (e.g., from what type of plastic it was and where it was recovered from).   

Dell has a supply chain for recycled materials constituting of aggregators who collect the plastics, recyclers who process such wastes, and manufacturers who take such recycled materials to make packaging for Dell laptops.

VMware’s blockchain supports each of these transaction processes between the aggregators, recyclers, and finally, the manufacturers. Dell, therefore, uses blockchain to prove the authenticity of the recycled materials.

Gluckman further clarified that since human trafficking is illegal, Dell is always on the look to find out such cases at the lower level. The company uses blockchain solutions to verify if individuals who collect plastics are getting paid and are not exposed to forced labor by working for someone for free.

Although, VMware is an entity, which Dell majority-owns, it has its independent enterprise blockchain platform called VMware blockchain.  

Other firms using blockchain to monetize plastic wastes 

Apart from Dell using blockchain solutions for the sustainability of its supply chain, there are other companies also doing the same. For example, Plastic Bank is not only using tokenization and blockchain to prevent the entry of plastics into the oceans but also fight poverty eradication in Southeast Asian nations.

Furthermore, U.S-based household consumer chemicals and cleaning supplies – SC Johnson to join Plastic Bank to purchase the recycled plastics for its manufacturing of some of its products.          

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Ant Group Partners with Dell, Hewlett-Packard and Lenovo to Enable Access for its New Blockchain Solution—AntChain

Ant Group, formerly known as Ant Financial, the payments arm of Chinese e-commerce giant Alibaba, has launched a new blockchain solution, AntChain.

Ant Group has signed an agreement with Dell, Hewlett-Packard, and Lenovo to enable accessibility of IT leasing services for small to medium enterprises (SMEs) through the AntChain blockchain solution. 

The launch of AntChain aims to strengthen transparency and to build trust in industries involving a large number of participants and involves long and inefficient processes, such as supply chain. The executive chairman of Ant Group said: 

“Since our inception, building trust has been core to our offer to customers. We believe in blockchain’s potential to redefine trust in the digital age, and in solving real-life problems for our customers.”

The AntChain blockchain solution leverages emerging technologies including artificial intelligence and the internet of things (IoT). The new blockchain solution has been used in more than 50 use cases so far, in IT leasing, shipping, insurance claim processing, cross-border remittances, and even donations, according to the company.

Ant Group has been exploring the use of blockchain for its commercial applications since 2015, and has now reached the milestone where it has the capability to process and support one billion user accounts and transactions every day.

According to Ant Group, there are over 100 million digital transaction records, copyright certificates, property ownership certificates, and digital assets uploaded onto AntChain every day. 

Ant Group’s OpenChain blockchain platform

Ant Group launched OpenChain in April 2020, a new blockchain platform that gives developers and SMEs the power to leverage the Chinese giant’s proprietary blockchain consortium and efficiently and cost-effectively deploy smart contracts and create decentralized apps (DApps).

The main blockchain platform has already been extensively used in enterprise blockchain solutions for firms such as Bayer in agriculture and China Everbright Bank in supply chain finance.

Ant Group set to top Hong Kong and Shanghai’s IPO market in 2020

Ant Group has announced earlier this week its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchange’s STAR board and the Stock Exchange of Hong Kong.

By dually listing the IPO on both HKEX and the Shanghai Stock Exchange, Ant hopes this will broaden the horizons of the fintech firm globally. Jing, commented on the IPO listing saying, “The innovative measures implemented by the SSE STAR market and the SEHK have opened the doors for global investors to access cutting edge technology companies from the most dynamic economies in the world and for those companies to have greater access to the capital markets. We are thrilled to have the opportunity to play a part in this development.”

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