“JADE PRODUCT CODEX is a database to measure, track and market the circularity of products, where the integrity of historical data in a blockchain enables to trace each product back to its original creation.”
The JADE Product CODEX is a blockchain-based database and state-machine system designed to implement the CPFcalculation method to be utilized as shared product and material registry of the Global Sustainable Enterprise System (GSES) platform. The main design principle is that product state-evolution in the physical world is mirrored by blockchain state-evolution in the digital world. Each product is a tokenized series of materials managed by a smart contract on the blockchain. A product’s individual components and their material-tokens are ‘forged’ into a product, which after a product’s utility phase is complete, can be deconstructed again into its separate materials and re-assembled into a new product, enabling second lifecycle tracking and every subsequent usage of materials thereafter. Information about key CPF-values is provided by querying smart contract states, the individual tokens they hold and/or their specific underpinning transactions.
Tokenize your products and enable ecosystems based on circularity
Every organisation can Tokenize their products and materials to enable ecosystems based on circularity – Direct ownership – Tradeability. Free up value that is currently locked tight and not calculated within products such as Real-Estate portfolios, off-shore manufacturing sites etc. Tokenize this value that your product contains.
Data, once stored in a blockchain will likely be stored there forever. This is often cited as being a disadvantage of the technology, but NDI and Capgemini are now working on a database to measure, track and market the circularity of products, where the integrity of historical data in a blockchain enables to trace each product back to its original creation.