BunkerTrace

Overview
Enterprise Blockchain Solutions?
Product stageSegments
Early
?
Supply chain management
?

BunkerTrace is a blockchain-based company that brings traceability and transparency to fuel used in the shipping industry. The company leverages molecular tags and blockchain technology to track and trace bunker fuels. This process involves adding non-invasive molecular markers to fuels, providing evidence of their origin, authenticity, and quality. The company's solution enables the digitalization of the bunker supply chain, delivering actionable insights for reporting and compliance​. The platform also offers a mobile app that facilitates in-field data collection with blockchain timestamping and authentication and immutable reports on lifecycles, fuel metrics, and operations. The company's products can be used to ensure compliance with shipping regulations, manage the risk of non-compliant or contaminated fuel, and align stakeholders in the supply chain for the adoption of biofuels.

Key Customers and Partnerships

BunkerTrace announced a strategic partnership with marine fuel-testing company VPS in November 2021 to enhance traceability and transparency in the global marine fuel sector by introducing BunkerTrace's technology to VPS' services. A key result of this collaboration was the Sample Assurance product, which used BunkerTrace's technology to prevent contamination and tampering of fuel samples, thereby ensuring the integrity of the samples and providing a clear chain of custody​.

Funding and Financials

BunkerTrace was selected in June 2023 as part of a cohort that received funding under the TRIG program, organized by the Department for Transport (DfT) UK and Connected Places Catapult.


HQ location:
The Old Corner House Market Place Deddington GBR
Founded year:
2019
Employees:
1-10
IPO status:
Private
Total funding:
-
Last Funding:
-
Last valuation:
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Key competitors
 
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Company profile
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