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Smart but powerful green chemistry doesn’t only disrupt the global industrial cleaning markets but also encourages corporates to transition to environmentally-friendly products. The Intelligent Fluids technology replaces the chemical reactions of solvents with physical interactions on the molecular level to enable cleaning agents to break down and wash off all kinds of surface dirt with zero negative impact to health and the environment, and will also soon offer a crypto-coin (SMAC – Smartchem) that attracts early adaptor companies to change to green chemistry.
Why the chemical industry is driving blockchain technology?
It is estimated that around 322 million tons of harmful and toxic industrial chemicals are produced every year across the European Union alone. These harmful chemicals possess several health risks and potential damage to the environment. Legal regulation and complicated disposal or reprocessing of contaminated liquids are negative factors on the balance sheet. A huge global market of more than €50bn of harmful wet chemistry is waiting to be challenged and replaced.
Most of the industries are on the brink of radical change: until now, businesses were relying on business partners for dealing. With smart contracts and blockchain, this trust is replaced by knowledge, because the blockchain displays all facts relating to goods, payment transactions, or transport in a fully automated, forgery-proof manner.
The chemical industry is one of the major drivers of blockchain technology. The main reason for fostering this is that the chemical industry is developing tracer technologies, which are necessary to create digital representatives of physical objects that can be stored immutably in the blockchain. Second, the chemical industry is the origination of many supply chains in the world and deals with the entire manufacturing industry around the world.
Some of the applications of blockchain in the chemical industry can be tracking processed chemicals and thus, ensuring product quality for customers. From the sourcing of raw materials to manufacturing to the arrival of the goods at the customer’s site – all of this supply chain data can be stored, analysed, and tracked.
The chemical industry is evolving at a rapid pace, with new competitors and technologies that are continuously reduced driving to faster commoditisation of products and services. By using blockchain technology, a chemical company may innovate and create interesting solutions for its clients. A blockchain provides a close working collaboration via sharing real-time information safely with all stakeholders, without the involvement or authorisation of third parties. As everybody is working on the same data and information, expensive and time redundant work can be avoided, hence overall increasing innovation while reducing Time to Market.
Fostering Commodity Trading
Commodity Trading is an integral part of chemical value chains. It provides the business to buy products at a lower cost and sell at a higher cost through networks leveraging current market conditions. Blockchain can provide a new way to engage with potential clients. As manufacturers produce as well as consume electricity, machine to machine integration and interaction and an innovative way to safely and efficiently trade electricity with each other, utilising data produced by process flowsheet models of industrial equipment.
New Avenues for Manufacturing
3D printing is proving to be another revolutionary technology that is moving the manufacturing process closer to bulk customisation. In particular, the chemical industry can benefit from developing customised proprietary formulations and systems. However, a much-discussed and unresolved issue is intellectual property protection. Similar to the way music is shared, 3D printable digital blueprints are shared illegally and/or unknowingly, either within a company or by outside hackers. In addition to these digital files, users can print moulds from scanned objects and mass-produce exact replicas that are protected under copyright, trademark, and patent laws.
This can pile to be a big problem for the company as they move to an on-demand manufacturing network, requiring digital blueprints to be shared with independent fabricators. With blockchain, the metadata about the copyrights, patents, and trademarks can be stored on the platform itself, in turn opening up the limits of corporate manufacturing while also protecting intellectual property. New markets could enable buyers and sellers to contract more easily in an open market.
Validating Asset History and Employee Qualification
Blockchain can be used as a mode to prove ownership when procuring or disposing of an asset. It can aid to track the history of assets and related activities. Furthermore, it can serve as a platform to validate the qualification of employees and certifications of contractors in chemical plants. The latter is particularly important, since with new technologies and millennials entering the plant floor, completely new skill sets are required. Those skill sets need to be certified to ensure safe operating plants and assets.
Tracking Information for Improved Integrity and Accuracy
Some segments in chemicals are threatened by counterfeiting. Blockchains as a single ledger can verify the integrity of a product, as the record can be traced back to the product manufacturer and the manufacturer of its precursor agents.
So basically, as complexity in chemical supply chains, tracking products, and shipments become more and more tedious. Logistics solutions must deal with transportation, location services, regulations, hazards, packing requirements, security, customer engagement, and more. Accounting for these variables requires a lot of planning, and complex expensive systems. Even with extensive planning, billions of dollars of goods are lost each year through mismanaged transportation or fraud. Chemical and logistics companies are beginning to turn to blockchain for a solution.
Competing as an Ecosystem
M&As activity has been on the rise in the chemical companies’ sector. These companies are spun off and their parent, but they still may not have the R&D know-how, business relationships, and brand recognition of parent companies.
These organisations plan to have minimal inventory and will therefore apply products, thus competing in the ecosystem. Blockchain technology here will provide a single platform in which these next generation chemical companies can compete. The new ecosystems will nicely fit into the consortium blockchain model, providing a platform for safe, efficient, traceable resource trading. These trades will also be done without the need for a third party or an intermediary, and will be pure B2B transactions.
What is the green chemistry blockchain project?
The blockchain technology that started with Bitcoin has garnered high interest in various sectors. They are presenting ways for digitally transferring value without the usual necessary intermediaries, for various industries. For example, cutting out the intermediaries in money transfer operations can enable double-digit cost savings in processing fees.
At the same time, inherently digital processes can empower near real-time transactions at marginal cost, which sparks entirely new ways of how value and ownership are transferred between humans or corporations, but even down to plants, units, equipment, and machines.
A green chemistry project is turning to blockchain technology to encourage the chemical industry to transition to eco-friendly products.
Intelligent Fluids, a Leipzig-based company, has come up with ground-breaking, sustainable, efficient, and powerful solutions for industrial cleaning by utilising physical effects instead of toxic chemicals, meeting much more than today’s standards for eco-friendliness with biodegradable, non-inflammable, and pH neutral ingredients. Intelligent Fluids combine outstanding performance with a remarkable eco-footprint to provide a unique and innovative technology. So top functionality runs in parallel with top sustainability.
Intelligent Fluids GmbH has its focus on three sectors: microelectronics, maintenance, and oil & gas. Based on the unparalleled technology, and portfolios of high-performance technology, it develops convincing and customised solutions for each sector and, in the following, provides global customers with significant competitive advantages in their particular segments.
Intelligent Fluids already have a wide variety of powerful smart liquids in their portfolio. The existing product portfolio covers photoresist strippers, adhesive removers, colour and graffiti removers, industrial cleaners, lubricants, and rust looseners with important uses.
This fluid-based technology is based on physical effects like a micro-earthquake, which offers tremendous performance and on top, supports the 10 Sustainable Development Goals of the United Nations. By offering a Smartchem-Token (SMAC), intelligent fluids will attract companies to change to Green Chemistry instead of using aggressive and harmful solvents.
What is SMAC?
Intelligent Fluids plans to raise funds through a token sale to boost the company’s growth and achieve a significant global market share. Participating in the token sale will allow customers to invest in the next generation of industrial cleaning, gain exponential returns from a rapidly-growing market by having an early movers advantage, while also contributing to a cleaner, healthier planet. An added benefit from the reduction of the total cost of ownership and thus higher yields. Smartchem investors will benefit from increasing coin value.
Intelligent Fluids has set ambitious goals for the next ten years, thus benefiting all the investors. Currently, the company has footprints in Germany and Europe and is in plans to expand production facilities sites to reach other markets in Asia, the USA, and the Middle East and African areas. They plan to increase their current production figure 500 tons per year to more than 13,500 tons per year in Europe. In a big leap to expand its footing in the microelectronics and maintenance space, Smartchem plans to dive deeper into its next promising sector – Oil & Gas.
The native token of Smartchem, SMAC token, is based on the ERC-20 token standard, which supports smart contracts. There is a SMAC token airdrop going on – in which a total of 145,000 SMAC tokens will be sent to users. The first 1,000 users will get 50 Free SMAC tokens, the next 1,000 will get 40 Free SMAC tokens, the next 1,000 users will get 30 Free SMAC tokens, and the last 1,000 users will get 25 Free SMAC tokens.
The maximum supply for the SMAC utility tokens is capped at 150 million, per token is priced at $0.2. 120M SMAC tokens will be listed on top crypto exchanges from November 2021 step by step, and will be available for trading and investment. And the remaining 30 million SMAC tokens will be reserved for staff loyalty program, marketing and NGO donations.
How does Intelligent Fluids take advantage of blockchain technology?
As explained above on how blockchain can be used as an option for fundraising for the chemical industry, it will use the contemporary financing concept to launch Smartchem (SMAC), a Utility Token Offering from November 2021 on.
These utility tokens will provide an incentive to the buyer by significant price reductions. The earlier they adopt the green chemistry from harmful solvents, the higher the reward. Thus, increasing volumes of green cleaning fluids will be sold, which helps our planet, the clients and their workers. Plus NGOs from the climate change spectrum will on top profit from donations per litre sold globally. In addition, a rising coin value will also attract sustainable-oriented investors who want to support impact.
Conclusion
The more intelligent fluids will grow globally, the more demand for SMAC Token from companies who want to change to Green Chemistry will be initiated. Redeemed Token for discounted Green Chemistry purchases will be burnt to reduce the amount of SMAC in the market and to increase attractivity of the coin.
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
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