Sharing of environmental impact data accessible by everyone thanks to a public infrastructure
Trace and tracking life cycle data while ensuring trustworthiness and responsibility can be possible by leveraging on blockchain systems that may significantly facilitate reliable data acquisition.
These promising perspectives are shaping the basis of the E2COMATION marketplace. The latter, built upon the Lugano public plan ₿ blockchain, will act as a “digital agora” where impact data coming from the LCAC tool will be stored as transactions and made accessible to all the stakeholders interested in.
This architecture, contingent on the integration of a blockchain together with the LCA, will overcome inefficiencies related to:
- Data transmission inefficiency – the blockchain will act as a platform where it will be possible to collect, update and share environmental impact data.
- Lack of data availability – within the blockchain, companies will directly provide specific datasets that will be in contrast with what is conventionally offered by database (e.g., Ecoinvent) containing generic environmental inventory information.
- Lack of rewarding strategies – the tokenization process will incentive data providers to share data since they will be ranked based on criteria like:
- Usability: data that can be used by different companies and for different purposes
- Quality: level of data accuracy
- Granularity: level of detail or precision of the acquired/processed data
- Relevance: level of data significance/importance for environmental impact evaluation
This will allow other companies to exploit them to better achieve operational excellence in conducting LCA.