LAUNCH Closing the Loop

May Al-Karooni: Globechain

Globechain

A platform to connect businesses, charities and people to reuse unwanted items

Have you ever wondered what happens to the old furniture when you take the first step into your newly refurbished office?

THE PROBLEM

According to the EPA, three million tons of usable office furniture finds its way into landfills every year. Refurbished offices and retailers impact the quantities of furniture, construction materials, fixtures, etc. going to landfills on a daily basis worldwide. This accounts for huge amounts of waste and, naturally, impacts the environment.

THE INNOVATION

Globechain is an online reuse platform that connects businesses to charities and people to enable them to reuse unwanted items within a global supply chain network, creating a waste audit and social value for members. Globechain’s business model connects businesses, charities and people in reusing unwanted items using an IT-service that enables sustainable purchasing practices.

THE VISION

Globechain works toward creating a local supply chain within a global community to enable the redistribution of goods to social causes, rather than a landfill, in the retail, commercial and construction sectors. An influential circular economy promotes reuse of materials and results in  less waste going into landfills. This circular model can accelerate a powerful movement, leading to a more meaningful way of using unwanted items across industries.

“We want Globechain to be the leaders in tech-enable reuse, connecting the world to better redistributed resources efficiently and conveniently. Using the domino effect of our global supply”

– May Al-Karooni, CEO Globechain, 2016.