The EUDR and TRST01Chain exemplify the synergy between regulation, technology, and adoption in advancing sustainability. The EUDR aims to combat deforestation, while TRST01Chain offers cutting-edge traceability solutions. Together, they foster global collaboration, enhance transparency, and drive impactful actions towards achieving net-zero goals and sustainable agricultural practices.
Blockchain technology revolutionizes agricultural and mineral supply chains by enhancing transparency, ensuring safety, combating corruption, and promoting sustainability. Real-world examples like TRST01Chain, IBM Food Trust, and Everledger demonstrate its impact. By improving regulatory compliance, reducing costs, and supporting ethical practices, blockchain fosters responsible, efficient, and resilient supply chains, benefiting shareholders, communities, and the planet.
Blockchain technology offers significant benefits for sustainable development by improving supply chain transparency, enabling sustainable business models, and facilitating carbon credit trading. It enhances Life Cycle Assessments, ensuring every product’s environmental impact is tracked from cradle to grave. By providing immutable data, blockchain ensures ethical sourcing and safety, incentives sustainable actions through tokens, and democratises green energy management
The EU Deforestation Regulation (EUDR) presents significant challenges for coffee-producing countries. Compliance with EUDR requirements, such as farm mapping and paperwork, may increase costs and impact smallholder growers. However, leveraging advanced technology like TRST01Chain can streamline compliance, ensuring market access and maintaining sustainable coffee production for the European market.
The Indian rubber industry, pivotal in tyre and non-tyre sectors, navigates economic challenges and stringent EU regulations. With $3.9 billion in exports, compliance with the EUDR is crucial. Innovations like TRST01Chain ensure traceability and sustainability, positioning India as a leader in global rubber production and environmental compliance
TRST01 is leading the way in sustainable action through its data-driven technologies. Our platforms, including TRST01Chain and Footprint, harness analytics and blockchain to enable businesses to track their environmental impact and make strategic, eco-friendly decisions. These tools offer deep insights into carbon footprints and supply chain practices, helping companies transition smoothly to sustainable operations. By merging environmental responsibility with operational efficiency, TRST01 helps organizations worldwide achieve their sustainability goals and build a greener future.
CBAM, the EU’s innovative carbon pricing mechanism, entered its transitional phase in Oct 2023. Targeting carbon-intensive imports like steel and aluminum, it aims to reduce carbon leakage and align global trade with climate goals. Key to its success will be balancing environmental objectives with fair trade practices.
TRST01Chain is instrumental for Indian industries, particularly coffee, rubber, and leather, in adapting to the EU’s Deforestation Regulation. With India exporting 57% of its coffee, comprising 70% robusta and 30% arabica beans, worth over $600 million annually, and being the fifth-largest natural rubber producer, sending 25% of its exports ($800 million) to the EU, compliance is crucial. The EU also accounts for 30-40% of India’s leather exports, valued at $1.5 billion. TRST01Chain aids these industries in tracing deforestation-free sources within their complex supply chains.
India’s coffee saga, rooted in Chikmagalur’s hills since the 17th century, intertwines heritage with modern sustainability challenges. TRST01Chain emerges as a key tool in this narrative, ensuring EUDR compliance and environmental stewardship, while preserving the rich flavors and cultural significance of Indian coffee in the global market.
Rubber Story explores the journey towards sustainable rubber production, with a focus on natural and synthetic rubber. Market segmentation includes automotive, tires, medical, industrial, consumer goods, and more. Currently, the automotive sector dominates rubber consumption, followed by tires. The Natural Rubber Market is projected to increase from USD 17.33 billion in 2023 to USD 21.80 billion by 2028, growing at a CAGR of 4.70% during the 2023-2028 forecast period