Maeconomy raises 1.5M to give building materials a digital identity

"Construction and demolition waste is the largest single waste stream in the EU by weight, yet the vast majority of materials removed from buildings are downcycled into low-value rubble rather than recovered for reuse, because no reliable record exists of what those materials are, where they came from, or what condition they are in."

"What distinguishes Maeconomy is that its platform is designed not just to record materials but to make them 'auditable' and 'monetisable', embedding the financial dimension of residual material value directly into the asset record, so that building owners can treat their structures as material banks with quantifiable and tradeable future value."

"The Dutch construction sector accounts for 50% of all raw material consumption in the Netherlands, and the government has a 2030 target to halve the use of new raw materials."

Maeconomy, a Dutch startup, has raised €1.5 million to develop a platform that transforms building materials into auditable and monetizable circular assets. The construction and demolition waste in the EU is significant, with most materials downcycled due to lack of traceability. Maeconomy's solution involves a digital identity record for each material component, known as a material passport. This platform not only records materials but also embeds their financial value, allowing building owners to treat structures as material banks. The Dutch construction sector is under pressure to reduce raw material consumption by 2030.

Read at TNW | Startups-Technology