Circular Economy Revolution:
Introducing Chain Royale Protocol for Sustainable Development in Africa
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The
Background
The “circular economy” concept promotes the recycling of all economic resources and zero waste. Resource-dependent countries, especially in Africa, need a transitional mechanism to compensate for lost income from stranded mines. “Chain Royale Protocol”: Traceability tech for “Circular royalties”.
Our
Plan
The Other Side
of the Circular Mining Economy
1
Africa relies on mining, including “green minerals,” for export revenue.
2
Green minerals like lithium and nickel drives climate transition.
3
Mineral recycling grows rapidly in developed regions as substitute for mining
4
African mines and producers face stranding, undermining benefits of circular resource regeneration.
Why the Chain Royale Protocol
The Mining sector’s environmental costs exceed $5 trillion/year, despite its essential role in our modern industrial civilisation. Some of the sector’s outputs, like the so-called green minerals (lithium, cobalt, nickel etc), are also vital to the post-carbon climate transition. This seeming contradiction requires creative resolution.
- Moral imperative: Develop a resource initiative for Africa's circular economy participation.
- More resource transfers to Africa are needed during the ongoing transition to futureproof the continent's development by boosting circular economy investments.
- Even ignoring the circular royalties concept, the traceability part of the Chain Royalty initiative alone has tremendous value: Africa loses nearly $90 billion in illicit financial flows, a major proportion of which is tied to minerals smuggling. Value Chain Traceability can fix this.
Built on top of a trusted,
Proven Framework
Supply chain transparency and traceability innovations combat crimes, protect against fraud and counterfeiting, empowering individuals with accountability and transparency.
In a similar vein, other initiatives tackle the trade in conflict minerals (“blood diamonds”), sweatshop garments and unsustainably harvested tuna.
Proposed initiative combines traceability tech and circular economy to address unintended consequences, showcasing maturity in both domains.
Reimagining African
Green Mining Value Chains
