Web3 Tech Econcrete

Main article: MES systems - functions and advantages

2024: Presentation of the Econcrete Solution

Blockchain company Web3 Tech will develop products and services based on machine learning technologies, industrial Internet and big data. Starting from 2024, the vendor will specialize not only in blockchain solutions. The company announced this on January 16, 2024.

The first product to use several end-to-end technologies at the same time will be Econcrete, a high-tech system for predicting, optimizing and controlling the production of cement and concrete based on blockchain and machine learning, which as of January 2024 is already being used in pilot mode at two concrete plants.

Econcrete is expected to officially launch and become commercially available on the market in the second half of 2025. In addition to significantly reducing raw material costs while maintaining the quality characteristics of cement and concrete, Econcrete will allow enterprises to reduce carbon dioxide emissions gas by up to 50%.

Up to 10% of global carbon dioxide emissions result from the production of cement, the main component of concrete, the most common building material in the world. At the same time, the most harmful component of the production of cement, and then concrete - clinker - is 70% of its cost. Controlled reduction of clinker share in the mixture reduces both costs and CO2 emissions. Cement and concrete with a lower proportion of clinker have lower strength, therefore, to obtain cement with predictable and sufficient strength and reduced clinker content, additional control is required at all stages of production and significant operating costs for laboratory tests and studies.

The current development of machine learning and AI algorithms makes it possible to solve this problem more optimally and, as a result, obtain accurate and predictable indicators of cement and concrete strength.

In January 2024, those niches in which the leadership for a long time belonged to large technological Western vendors were vacated on the market. There are new opportunities for both startups and large companies. Since 2024, Web3 Tech begins to actively work not only with blockchain competencies, but also with other popular technologies and areas - machine learning, predictive analytics, cybersecurity, etc. The synergy of end-to-end technologies has been talked about for a long time, but only now we felt that both the technologies themselves and the market are ready for such a comprehensive technological approach. All this should lead to the emergence of new products and solutions for us in the coming year, and, perhaps, this will be the most serious transformation of the company in our five-year history, - said Artem Kalikhov, CEO of Web3 Tech.

According to the first pilot projects of Econcrete, the use of a cloud AI platform optimized the costs of laboratory research and additional employees by an average of 20-30%. In addition, the solution can collect data from industrial sensors during transportation of concrete (such as the speed and direction of rotation of the mixer, oil pressure in the rotation system, etc.), which makes it possible to even more accurately predict the quality of the final mixture.

Econcrete blockchain components are responsible for the implementation of electronic document management within the production and supply chain, and also allow the issuance of digital product quality passports, which include the entire history of the mixture production. In the future, Web3 Tech assumes a deeper integration of the AI platform and blockchain modules, including for fixing, logging and processing process failures.