New kid on the block – Blockchain opportunities for the waste industry

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Blockchain could play a pivotal role in how we record and track the journey of products and wastes, as well as how certain aspects of regulatory compliance are assessed. In their article for the Chartered Institution of Wastes Management's (CIWM) monthly journal, Dentons' Laura Mackett and Katy Carden discuss the current uses and benefits of blockchain for the waste sector and contemplate its potential future uses in smart contracts and in tracking the full life cycle of products and wastes. They consider the legal issues and challenges we might face, practical considerations for businesses thinking about purchasing blockchain-based solutions, and the legal framework required for blockchain to be used as evidence or a means of transferring ownership or responsibility for "real" world waste.

Originally published in the CIWM Journal, December 2018.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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