Bonds of trust as strong as steel

Creating Digital Product Passports with Steel Chain

The ability to prove and deliver high quality data about the source of materials and its corresponding carbon footprint is invaluable to businesses across the supply chain in driving greater sustainability.

Steel Chain is an easy to use enterprise application that allows any participant of the steel ecosystem to participate in a trusted business network.

Participants can quickly and easily document and locate necessary data about the steel products they create, sell and purchase. This makes establishing new business opportunities hassle-free and allows users to prove compliance with relevant regulations with the click of a button. This enablement of different supply chain actors supports global sustainability goals of the industry while enhancing accountability in the supply of a critical commodity.

Steel Chain Audiences

Manufacturers

Enterprises that use raw materials to manufacture different types of steel products in bulk to sell them to stockholders and the industry.

Stockholders

Organisations purchasing steel products from manufacturers and holding them in stock. They either resell directly to industry or repurpose the steel to match customer needs and then sell the product.

Auditors / inspectors

Monitoring various claims made about steel production and the organisations handling it. E.g., test certificates, materials origin, health and safety, etc.

Buyers / end users

Companies in different industries using steel to create their end products – construction, automotive, capital infrastructure projects.

Steel Chain empowers you to

Securely access / share valued product data in real time through a business network with a granular permissions model

Trust the integrity of product data via an identity-centric, reputation based approach

Build trust in ESG / Circular Economy reporting by adding third party verification and accountability around important data

Prepare for regulatory compliance around due diligence and traceability with an easy to use, robust and secure application

Improve data accountability and quality by securely keeping track of stakeholders who interact with a product during its lifecycle

Tata Steel UK

Using iov42’s state of the art distributed ledger technology, Tata Steel UK and iov42 collaborated on the development of a prototype that not only meets the specific needs of Tata Steel UK, but also provides industry-changing capabilities that give businesses accurate and up-to-date information about their steel supply chains.

The prototype provides businesses with the foundational technology that allows users to scan a steel product with a smart device, instantly retrieving all the relevant information needed – whether that’s for ESG, compliance or commercial reasons. This data includes everything from the date or place the steel was manufactured, to its environmental footprint and changes made along the supply chain.

Steel Chain partners

Trust is our end goal and our most cherished value, so it’s no surprise that trusted partnerships are central to our approach. We collaborate with like-minded organisations across multiple sectors to enhance the applicability of our technology, help us deliver for clients and ensure iov42 is used in the service of people, communities and the planet.