Leveraging Blockchain Usage to Enhance Slag Exchange

The slag generated as a by-product of the steelmaking process can be used to manufacture cement, reducing the generated waste and contributing to the circular economy. Currently, steelmaking companies promote long-term bilateral deals with one or few cement companies where the price is fixed, and the slag is a treated as commodity. We propose a new solution, which promotes slag reuse through its differentiation with a composition-based grouping and an auction. This process is carried out in a blockchain network, which increases trust in the system, provides guarantees about the slag composition to cement companies and helps external regulators to reliably extract circularity indicators.