Case Study: Tidey boosts ocean-bound plastic credit revenue with BanQu

Tidey Validates Ocean-Bound Plastic Credits Through Chain of Custody Tracking

Tidey, a company producing ocean-bound plastic credits in Guatemala, faced challenges with verification and trust in the plastic credit market. To eliminate double-counting and greenwashing claims, they needed a transparent system to track the chain of custody from collection to credit. They partnered with BanQu to implement its blockchain-based platform to capture source-level data, automate operations, and provide a verifiable audit trail.

By using BanQu's technology, Tidey digitized its supply chain, registering collectors and accurately tracking over 250,000 pounds of plastic. This provided their partners with confidence in the authenticity of purchased credits. The solution led to a 47% increase in Tidey's revenue from plastic credits and allowed them to access new funding opportunities, all while enhancing operational efficiency and transparency.

Tidey

Jeremy Porter

Chief Executive Officer