What does blockchain do for lithium-ion batteries and electronics?

Used lithium-ion batteries and used electronics can pose huge risks to brand reputation and the environment. When properly managed, however, they present substantial opportunities.

Our global supply of minerals that go into these products is finite and not enough to meet the projected demand. If we can track the minerals and other materials that go into these products, ensuring they are responsibly sourced, then keep track of where they are, what condition they are in and that they are ultimately recycled, then we can ensure sustainable supplies for our future needs. Blockchain doesn’t “do” this for batteries and electronics, but it is the foundation for everything needed to make sure it happens in a transparent and trustworthy way.

Blockchain connects all stakeholders in a particular ecosystem so they can share data about an object with other stakeholders in real-time. When a product is manufactured, there are reams of data about that product that never make it downstream. By the time a product reaches recycling, often the recycler doesn’t know what its true condition is or what is in it, severely hampering recycling. If the recycler had much of the original product information at the time of recycling, the chances the product might be reused increase as does the safety and efficiency of recycling. Enabling everyone who engages a product to share data about that product adds value at every step of the way.