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Blockchain and AI integrations in SMBs were evident in 2023, and their influence has continued to spread across enterprises globally in 2024 as well. With the global business blockchain adoption rate standing at 10%, it is likely that small businesses are on their way to catch up to large conglomerates. 

The credit for this newfound confidence goes to the introduction — and simplification — of AI (artificial intelligence), which happened near the end of 2022. New language models arrived in early 2023, like GPT-4, making using AI easier and empowering small-scale enterprises to interact with AI easily.

This ease of AI interaction resulted in a new digital era starting to unfold. Multiple AI blockchain tools came into vogue, offering small companies a way to achieve efficiency in terms of operation and scalability in terms of growth.

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"Multiple blockchain powered tools made use of this innovation. Companies like Circulor and IBM Chain are being used heavily in complex industrial supply chains. These tools are being used to not only add more efficiency to supply chain management, but also to develop trusting and stronger relationships between organizations."

How Blockchain And AI Are Set To Transform Small Businesses In 2024

News

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The EU Batteries Regulation, enacted in August 2023, is a pioneering regulatory framework that positions Europe at the forefront of building a sustainable, secure, and circular battery economy. This regulation not only drives competitiveness but sets a new standard for consumer transparency globally.

Navigating the EU Battery Regulation with PROVE by Circulor

Commentary

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Bloomberg unveils innovative companies reinventing biotech, advertising, finance, autonomous driving and more

BLOOMBERG:  25 Startups to Watch in 2024

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WIRED: We asked three of this year’s WIRED Trailblazers—our community of innovative, fast-growing scale-ups—to weigh in…

WIRED: What Bold Manufacturing Supply Chain Strategies Will be Needed in the Decade Ahead?

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Each year Spend Matters recognizes procurement technology providers in our 50 to Watch, 50 to Know and Future 5 lists, independently selected by the Spend Matters analyst team based on each provider’s merits, including an impressive roster of technology start-ups.

SPEND MATTERS: Meet the 2024 Providers to Watch

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Europe’s Battery Regulation and Ecodesign for Sustainable Products Regulation, along with many other mandates and initiatives, mean upstream transparency is coming to myriad product groups – with deadlines fast approaching.

10 Reasons Why Battery Manufacturers Need Circulor

White Papers

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As the world accelerates its shift to clean energy, the necessity for digital traceability to create transparent supply chains has become irrefutable, with global requirements continuing to grow.

Why a neutral third-party is essential for supply chain transparency

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In accordance with EU Regulation 2023/1542, all rechargeable batteries in the region that have capacities greater than 2 kWh and classified as industrial, electric vehicle and light means of transport (LMT) will require digital battery passports effective Feb. 18, 2027.

POWER BRIEFING: Circulor discusses digital battery passports

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STREET CRED — As electric vehicle adoption grows, governments and car buyers are increasingly want assurances that their batteries aren’t tied to child labor in the Congo, open-pit mines in Indonesia or coal-belching factories in China.

Enter the battery passport: a digital identifier that allows companies and regulators to trace critical minerals from source to auto dealers, simplifying a task that has been largely impossible up to now.

POLITICO: Your next car might come with a battery passport

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Circulor’s Material Traceability solution plays a pivotal role in verifying the circularity of batteries. 

We track the entire lifecycle, from the sourcing of materials all the way through to recycling meaning manufacturers can reliably demonstrate the origins of both raw and recycled materials, proving where and when they entered the supply chain and that they have been sourced responsibly.

This step-by-step demo of Circulor’s PROVE platform brings this recycling journey to life.

Circulor’s Recycled Content Software Demonstration

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Meeting Due Diligence obligations, as per the EU Battery Regulation, requires traceability by August 2025 - for cobalt, natural graphite, lithium, nickel supply chains. 

Circulor’s Material Traceability solution provides verifiable and auditable proof of supply chain activities and compliance to satisfy regulators.

How Blockchain And AI Are Set To Transform Small Businesses In 2024

Navigating the EU Battery Regulation with PROVE by Circulor

BLOOMBERG: 25 Startups to Watch in 2024

WIRED: What Bold Manufacturing Supply Chain Strategies Will be Needed in the Decade Ahead?

SPEND MATTERS: Meet the 2024 Providers to Watch

10 Reasons Why Battery Manufacturers Need Circulor

Why a neutral third-party is essential for supply chain transparency

POWER BRIEFING: Circulor discusses digital battery passports

POLITICO: Your next car might come with a battery passport

Circulor’s Recycled Content Software Demonstration

EU Battery Regulation: Due Diligence Requires Traceability

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