Blockchain technology has had a great run since its invention, and it is currently on course to disrupt all industries. In fact, the global blockchain market is expected to grow from $3 billion in 2020 to $39.7 billion in 2025, with a compound annual growth rate (CAGR) of 67.3%. With its growing market size, more projects are motivated to enter the fray. Recently, a green chemistry company known as SmartChem (Intelligent Fluids) has been leading a new wave of eco-friendly initiatives to the blockchain industry.
Today, SmartChem is not only revolutionizing the global industrial cleaning market. It is now bringing disruption to the blockchain industry.
Overview of the SmartChem Company
SmartChem is the first industrial cleaning company in the world to integrate blockchain technology into its operations. The company promises an environmentally friendly footprint that guarantees about 65% less energy consumption at the barest minimum, with the same cleaning efficiency as the conventional but environmentally harmful chemical solvents. SmartChem is quite confident about its unique selling proposition (USP). Also, a number of powerful investors are already on board and some famous existing customers like Philips Research, ININEON, Heidelberger Druck, and subsidiaries of Wurth Group.
This is a confirmation of SmartChem’s mission statement “enabling a post solvent era” is going to be a reality. SmartChem is an innovative company specializing in creating and designing effective and smart cleaning fluids for industrial cleaning. The smart patented technology is designed with the concept of physical effects like micro-earthquake. Aside from ensuring tremendous performance, SmartChem supports 10 Sustainable Development Goals of the United Nations.
The company already has more than 500 fluid formulations and over 25 approved patents of technologies. These technologies are powerful enough to differentiate between deposits and surfaces across a boundless number of industrial cleaning applications. As of the time of this writing, SmartChem already made inroads into microelectronics surface cleaning, industrial maintenance, and oil & gas operations. Their mission is to develop sustainable alternatives to aggressive and potentially harmful cleaning solvents. The team believes they have the needed innovative strength and quality thinking to promote eco-friendly cleaning developments to the entire industry.
SmartChem plans to expand its production sites to Asia and the United States, increasing production from 500 tons to over 13,500 tons every year in Europe alone. They are also setting their sights on 5% of the entire petroleum cleaning business. This is equivalent to $200 million by 2030.
SmartChem Initiative In the Blockchain Industry
Outside the massive achievements in the industrial cleaning industry, SmartChem is moving to disrupt the blockchain market. They have already created a SmartChem token ($SMAC) that will help to attract early adaptor companies to join the SmartChem initiative. The NGOs like Climate Analytics, and Ocean Care will benefit from the automatic donations from sale of $SMAC token that will be performed after listing on major exchanges. The price of the token will start at $0.2, and then "market forces" of demand and supply will take it from there.
Over the years, the company has been conquering high-volume markets like microelectronics, oil & gas, and maintenance. Now they are turning their sights on the blockchain industry, and your guess is as good as mine. The tokenized utilities of the $SMAC token will incentivize buyers using significant price reductions. The earlier people move from harmful solvents to green chemistry, the higher they will be rewarded with the tokenized utilities. In return, this supports increasing volumes of eco-friendly cleaning fluids and also supporting NGOs in the climate change sector. Also, as the value of the SmartChem token rises, it will be easier to attract sustainable-oriented impact investors to support the project.
By integrating blockchain technology into its operations and launching the $SMAC, SmartChem will attract companies to abandon aggressive and harmful solvents and embrace green chemistry eco-friendly cleaning fluids.
