Plastic Credit Exchange (PCX), the first global non-profit plastic offset program, recently partnered with Microsoft to develop a blockchain-protected credit registry. The revamped credit registry will ensure the public and relevant stakeholders that all transactions within the Exchange are secure, transparent, and reliable.
Established in 2019, PCX partners with sustainably conscious businesses worldwide to responsibly offset their plastic footprints. PCX has built a wide ecosystem of partners to facilitate the recovery, transport, and processing of post-consumer plastic waste, seeking out the most environmentally sound solutions. Company pledges undergo verification via a third-party audit and are made transparent through the PCX public registry.
PCX sought Microsoft as a global technology partner for a Microsoft Azure-based blockchain solution. Microsoft prototyped a blockchain-protected ledger through its Microsoft Technology Center (MTC) to provide confidence, traceability, and transparency within the PCX ecosystem.
To lay the foundation for the solution, MTC configured PCX’s existing credit registry and infrastructure with Quorum Blockchain deployment on Azure by setting up permissions and providing identified user access to ledger through secure API. Improving upon PCX’s existing workflow, MTC iterated blockchain-based solution scenarios. This prototype incorporates PCX’s current processes via web application enabling the blockchain to integrate into their operations. Because the app is API-enabled, PCX can seamlessly extend their credit registry to more partners in the future.
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