SME for green transition

Service in “Development of green business model” for SMEs active in advanced materials and/or advanced manufacturing.

Price: 5000 EUR.

There is funding for this. Read more.

The service consists of four work packages:

Legal name: Alminica AB. Registered in Sweden as SME. Sector of activity: 70.22 – Business and other management consultancy activities. Address: Storgatan 68, 58228 Linköping, Sweden. Homepage: www.alminica.se
Contact Mikael Syväjärvi (mikael@alminica.se) for more information

Brief description of the training/service

This service is about positioning advanced materials or advanced manufacturing for the future business and sustainability. For any company that is a part of a supply chain, the sharing of data will be essential to optimize the whole chain jointly. Firstly for business (cost/efficiency), but also for sustainability. Today the CO2 emission can be compensated by carbon credits. It is being replaced by climate impact accounting that is becoming a critical component of business strategy and operations, driven by increasing regulatory requirements, investor pressures, and customer expectations. Digitalization is based on the use of data. The sharing of data is then essential for optimizing the business for the supply chain, as well as the foundation for the climate impact accounting. That establish a green business model. Sharing data also builds resilience since all parts of chain already understand each others contribution and can faster modify when there is disturbance.

In short

• Business and sustainability values in the supply and value chains using shared data and digitalization
• Implementation via digital twin and Web3 Digital Wallet with embedded climate impact accounting

It is about the intersection of digital technology, sustainability, and business innovation, emphasizing the need for a more integrated and transparent approach to business practices, especially regarding environmental impact.

Why green business model

Business and sustainability values in the supply and value chains using shared data and digitalization

implementation via digital twin and Web3 Digital Wallet with embedded climate impact accounting

What does this mean?

The modern business and sustainability values in the supply and value chains can only be achieved by sharing data and using digitalization routes. An essential part is on shared data for creating the values in business and additionally also in sustainability. The values are obtained by using Web3 Digital Wallet with an embedded climate impact accounting.

This will be valid for many areas. We can understand more of our own areas by sharing practices and information between different areas (semiconductors, health, agriculture, etc). In practice, many areas will be linked with each other. For example, semiconductors with sensors and electronics for health or agriculture. We can learn by understanding the shared data implementation and digitalization in other areas. Jointly we can then build more resilience since we already do understand other supply/value chains and can faster implement changes when that becomes necessary.

The shared data and digitalization for business and sustainability as added value is a complex combination. Let us describe this step by step.

Web3, also known as Web 3.0, is the development of a new version of the internet that is more advanced and user-friendly than what we have today. The main difference is that Web3 aims to be decentralized (not controlled by just a few big companies). Instead, the power and control are spread out among its users. Big companies like Google, Facebook, and Amazon have a lot of control over what we see and do on the internet. Web3 wants to change that by spreading control among all users so that no single company has too much power. In Web3 you have more control over your own information.

Web3 digital wallet is (simplified) a new way of making business using internet (digitalization). It is a type of digital wallet that allows users to interact with decentralized applications and networks on the Web3 platform. The Web3 uses something called blockchain, which is a way of storing information that is very secure and transparent. It’s the same technology used for cryptocurrencies like Bitcoin. In Web3, blockchain helps to keep track of who owns what data and make sure that everything is fair and safe. These use smart contracts which are like regular contracts, but completely digital and run automatically.

To understand how this will change the future business: remember how we earlier made business one to one. One person offered a product. Someone was buying it and paid in cash, or later by credit card. Next, a new level of business was possible by stock market trading. Selling and buying instantaneously, in many deals at the same time which had real-time decision making. The Web3 digital wallet is the next level after that. Add the value of embedded climate impact accounting and we can not even imagine how business will come to the next level.

Embedded climate impact accounting is about understanding and keeping track of the environmental impact (especially related to climate change) of products or services right from their creation to their use and disposal. It will be required for being relevant in business. Those who are not doing it will fade away. In the future, nobody will buy unless there is a climate impact consideration with the product. In fact, companies will be in problem if they are working like they do today. Now they build a debt in climate impact. This will hit hard. At some point there will be decisions (for example by European Commission) that companies have to pay per unit CO2. They will not accept carbon credit. Imagine that an industry with short notice has to pay X eurocent per unit of CO2.

Involve everyone by digital twin

For individuals and organizations to do this, we have to involve stakeholders in the supply chain and value chain. If they should ever understand what is done, we must invite them digitally. This is where digital twin will be essential for involvement and co-creation.

A digital twin is a virtual model of a real-world object, process, or system. Think of it as a bridge between the physical and digital world. Imagine that you can invite stakeholders to see the whole system. We can zoom in on the raw materials manufacturing details, and zoom out to see the applications at system level and in the societal context. Everyone will understand historically, the present and the future. This is achieved by virtual reality, using shared data for machine learning, AI, etc.

Expertize for projects

We have complementary expertise. Our overall activity is shown below. It will be the entry point for new green business models. An actual model will depend on each specific need.

• Our focus is on business and sustainability values. It refers to the overall goal of businesses to achieve both financial success and environmental responsibility.
• The supply and value chains indicate that the focus is on the entire process of creating and delivering products or services.
• Shared data is a key enabler for digitalization and sustainability.
• by digital twin and Web3 Digital Wallet we have two specific tools that can be used to leverage shared data for digitalization.
• embedded climate impact accounting highlights the additional feature of tracking and managing climate impact.

Who are we?

Mikael Syväjärvi, Alminica AB. Expertize in advanced materials manufacturing R&D and industrialization from R&D routes since 30 years. Active in transfer of knowledge and establish new manufacturing industry in advanced materials.

Mats Brodén, Play Safe Ecosystems AB, expertise in web3, metaverse, newtech, tokenization, and real world assets, etc.

Nicolas Waern, Winniio AB. Expertize in digital twins and new innovation and business routes using digitalization.