SteelTrace, a Netherlands-based digital platform provider that utilizes blockchain technology to manage all aspects of the steel supply chain, has been selected by Chevron Technology Ventures (CTV) for its Catalyst Program™. The program was initiated in 2017 to promote and expedite innovation from early-stage companies that could benefit the energy sector.
Chevron initially trialled SteelTrace in 2021 and its selection now marks a significant milestone for the company. SteelTrace gathers all quality-related data of steel products in real-time, making it easy for the end-user to access and enhancing efficiency, traceability and transparency across operations. All test data and digital signatures are available and securely verified with blockchain technology, ensuring security and enhancing supply chain provenance.
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Tom Meulendijks, the CEO and founder of SteelTrace, said that being chosen as part of the Catalyst Program was an honor and that the selection of SteelTrace demonstrated the potential impact of its solution on the industry and the significance of digital transformation in the supply chain.
