Sustainable data-led e-mobility
Battery Supply Chain on VagaChain
Supply Chain | Mar. 01, 2023 | Vagabond Battery Passport
The battery market is experiencing exponential growth, with over 100 million electric vehicles and storage solutions expected to be registered and built by 2030. This growth poses significant challenges for cell manufacturers, vehicle manufacturers, logistics companies, and recyclers, especially in complying with regulations regarding raw materials, recycling, and reporting. Moreover, battery production has a significant environmental impact, and the disposal of batteries at the end of their life poses sustainability challenges.
The dissemination of information plays an important role in providing the relevant parties with the necessary data at the right time in order to make optimal use of residual values and close the loop. Unfortunately, data and intellectual property protection, particularly surrounding product composition and performance data, have prevented effective implementation of EU regulations and data sharing.
Our Vision
As the world transitions to a low-carbon economy, battery development and production have become strategic imperatives for the automotive sector and beyond. Vagabond is committed to supporting this global shift by promoting electro-mobility, carbon-neutral energy storage, and strategic sustainable battery value chains.
According to recent estimates from the World Economic Forum (WEF), there is a need to scale up global battery production by a factor of 19 to accelerate the transition to a low-carbon economy.
Vagabond recognises the essential value of data to drive sustainable growth in green mobility solutions and transformations. Data is the foundation of all targets for sustainable mobility, and in any compressed transformation, we believe that blockchain is the enabler, data is the driver, and AI is the differentiator that will enable us to build value-led solutions that contribute to the regeneration of society and the ecology.
We understand that traditional data and analytics initiatives are often siloed and profit-driven. However, data-led mobility transformation is about connecting data and people, ideas and outcomes while substantiating all acquired data onto immutable public DLT infrastructures such as VagaChain. By contributing to successful green initiative outcomes with full transparency, we hope to make a significant impact on the global transition to a low-carbon economy.
Our Innovation
To address the challenges of tracking batteries throughout their lifecycle, a comprehensive solution is necessary to enable secure and transparent data exchange without compromising data integrity. The Vagabond Battery Passport provides such a solution through its use of blockchain technology, product passport protocols, and life cycle management modules. With the Vagabond platform, businesses and organisations can track the lifecycle of batteries, including data on raw materials, manufacturing processes, performance, and end-of-life disposal. This information is critical for complying with regulations, improving sustainability, and optimising supply chain operations.
Vagabond’s VagaChain blockchain technology, Product Passport protocol, and LCA/LCM modules enable secured data exchange without losing data integrity, thanks to the immutable nature of the blockchain. Only data required by regulations, such as CO2 production or statement-of-health (SoH) data in the context of a digital battery passport, can be accessed. Data leading to the calculation of such values remains in the owner’s data environment and is not accessible without pre-approval to a specific partner in the supply chain.
Vagabond’s technology is not only limited to the battery supply chain and can be applied to other similar supply chains where the exchange of critical data for reporting and optimisation has been challenging.
Vagabond’s inheritance technology ensures the correctness of calculated data points and the assurance of their master data without having to share them with others. This allows data exchange between participants in a supply chain without sharing critical data. Through an interplay of blockchain, encryption, and cloud technology, shared data is tamper-proof, and any changes are traceable.
Key Benefits
The Vagabond Battery Passport offers a range of benefits to businesses in the battery supply chain, including:
Other Applications
The Vagabond Battery Passport is not limited to the battery supply chain but can be applied to other similar supply chains where the exchange of critical data for reporting and optimisation couldn’t be enabled so far by other technologies and processes.
For example, the Battery Passport can be used to store information about the raw materials used in the production of battery cell packaging, the carbon emissions associated with their manufacture, and the recycling processes employed at the end of their life. This data can then be accessed by relevant regulatory authorities and used to ensure compliance with global regulatory compliance initiatives, such as the EU Battery Directive.
Regulation
The Vagabond Battery Passport is particularly relevant in the context of the upcoming EU Battery Directive, which aims to ensure that batteries placed on the EU market are produced in a way that minimises their environmental impact and that they are recycled at the end of their life. The directive sets out stringent requirements for the collection, treatment, and recycling of batteries, including the need to report on the quantities of batteries placed on the market and the amounts collected and recycled.
The Vagabond Battery Passport can help businesses and organisations meet these requirements by providing a secure and reliable system for tracking the lifecycle of batteries and reporting on the relevant data.
Real-World Use Case Examples
The Vagabond Battery Passport can benefit a wide range of businesses and industries in the battery supply chain, including:
- Battery Manufacturers: Battery manufacturers can use the Passport to track the lifecycle of their products, including data on raw materials, manufacturing processes, and end-of-life disposal. This can help manufacturers optimise their operations and improve sustainability.
- Logistics Companies: Logistics companies can use the Passport to track the movement of batteries through the supply chain. This can help logistics companies identify bottlenecks and inefficiencies and take action to improve their operations.
- Recyclers: Recyclers can use the Passport to track the lifecycle of batteries and ensure compliance with regulations such as the EU’s Battery Directive. This can help recyclers optimise their operations and improve sustainability.
- Electric Vehicle Manufacturers: Electric vehicle manufacturers can use the Passport to track the lifecycle of batteries in their vehicles. This can help manufacturers improve sustainability and compliance with regulations.
- Battery-as-a-Service: In this model, batteries are provided as a service rather than being sold outright. The Vagabond Battery Passport can help track the lifecycle of batteries and ensure that they are properly managed and recycled.
- Battery Leasing: Batteries are leased to consumers who use them in electric vehicles or home storage systems. At the end of the lease period, the batteries are returned to the leasing company, who may reuse or recycle them. The Vagabond Battery Passport can be used to track the lifecycle of batteries in this model, ensuring that they are properly managed and reused or recycled at the end of their life.
Where to Start?
The Vagabond Battery Passport is a powerful tool for businesses and organisations in the battery supply chain looking to improve sustainability, comply with regulations, and optimise their operations. If you are interested in learning more about the Vagabond Battery Passport, visit our website or contact us to explore how we can help your business or organisation optimise your battery supply chain operations.
We also offer consulting services to help you develop your sustainability and digitalisation strategies, as well as our upcoming grants program to help kickstart innovative projects and initiatives in the green mobility space. Our team of experts can help you navigate the complexities of the battery supply chain and identify areas where the Vagabond Battery Passport can be used to drive positive change.
Let’s work together to power the green mobility revolution with data-driven solutions.
Disclaimer
This article does not constitute any investment advice, financial advice, trading advice or recommendation by Vagabond Solutions, its affiliates, or its respective officers, directors, managers, employees, agents, advisors or consultants on the merits of purchasing the VGO, VGB or VAGA coin nor should it be relied upon in connection with any other contract or purchasing decision.
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About Vagabond
Vagabond is a Blockchain-as-a-Service (BaaS) platform that enables businesses to implement the benefits of Blockchain into their operations. We see a significant market potential that addresses the most notable challenges companies face in deploying blockchain solutions — the cost and time of implementation and adoption. Vagabond sets to build its community for individuals and supports users to experiment, learn or run their dApps (e.g. NFT Marketplace Builder) based on the Vagabond platform. Vagabond’s primary strengths are predefined processes and modules that the user can use and adapt without writing a single line of source code.
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