SteelTrace announces selection by Chevron Technology Ventures for esteemed Catalyst Program
SteelTrace, a digital platform provider utilizing blockchain technology to manage all aspects of the steel supply chain, has been selected by Chevron Technology Ventures, LLC (CTV) as part of its Catalyst Program.
The Catalyst Program was launched by Chevron in 2017 to promote and accelerate innovation from early-stage companies that may benefit the energy sector. The selection of Netherlands-based SteelTrace marks a significant milestone for the company and follows its initial trial within a Chevron project in 2021.
SteelTrace is a platform that gathers all quality-related data of steel products in real-time for easy access to the end-user improving efficiency, traceability, and transparency across operations. All test data and digital signatures are available and securely verified with blockchain technology ensuring security and enhancing supply chain provenance.
CEO and Founder of SteelTrace, Tom Meulendijks, said: “We are honored and delighted to be selected by Chevron as part of the Catalyst Program. The selection of SteelTrace highlights the impact we believe our solution will have on the industry and the role digital transformation has within the supply chain. To be recognized as part of this initiative is testament to our team and our software platform’s potential.”
The program will further accelerate SteelTrace’s mission to leverage new technologies, blockchain and cloud computing solutions through digital platforms globally. Achieving the ISO 27001:2017 certification in December 2022, the company has a team of 10 with plans to expand its headcount throughout 2023.