Home background

Empower Circular Economy

With Blockchain data traceability

H2020 PROJECT

About

TRICK will provide affordable and standardised enabler to move SMEs closer to circular economy. The project supports the adoption, tracing and demonstration of sustainable approaches by means of an innovative and circular product information management system, based on a data collection platform secured by Blockchain and integrated with an open marketplace for the matched services.

READ MORE

Goals

The overarching goal of the project is to enable SMEs to collect secured product data able to provide the final consumers and the stakeholders with all the relevant information for aware purchasing choices

READ MORE
1
Circular economy roadmap

based on stakeholders’ requirements

2
Standardised commercial services

for traceability and transparency

3
Data collection

with a Blockchain-based architecture

4
Open marketplace

with add-ons for certified solutions

BLOCKCHAIN BASED

Technology

Blockchain solutions
Blockchain based solutions
for secured traceability and data collection
Artificial intelligence
Artificial intelligence
exploited for BC modules and anticounterfeiting
Interoperability solutions
Interoperability solutions
for data silos generated by different BC and different IT systems
Platform to collect data
Platform to collect data
from legacy systems to IoT devices
Consortium partners

TRICK PROJECT

Consortium

29
Partners

Involved in the project

11
Countries

8 from EU + 3 extra EU

6
Universities

& Research Centers

6
National Agencies,

public bodies and associations

9
ITC

and tech providers

8
End user

in Textile and Food

Technology and
Environmental Impact

The modern industry is facing a transition into the digital space and innovators are often challenged by the trade-off between technological advancement and the preservation of the planet’s resources.

Sustainability is a central point of the UN agenda and the EU policies highlight the need for smarter solutions to achieve the sustainable development goals. Blockchain is still frequently perceived and used as synonymous with Bitcoin rather than a broad group of distributed technologies. Bitcoin’s high energy consumption is almost exclusively inherent to its consensus mechanism, and does not apply to most other blockchain architecture designs. There are already many other consensus mechanisms that have already been developed and keep on evolving. For example, Ethereum uses Proof-of-Stake and its transition from PoW to PoS reduced the total network’s energy consumption by at least 99.95%.

TRICK partners Quadrans Foundation and
UBITECH provide complementary solutions to
tackle the environmental impact of blockchain
technology.

“Quadrans Foundation supports the plan to take action
in every area in which technology impacts the
environment...”

Alex Vitale
Foundation Member at Quadrans Foundation

“At TRICK, our goal is to use blockchain technology to create a
distributed network that enhances traceability and
transparency...”

Thomas Krousarlis
Senior Researcher at UBITECH

GET TRICK NEWS IN YOUR INBOX

Subscribe

Subscribe