The Wood-chain project, funded by PEFC International, will test and stimulate the application of blockchain technology as an innovative IT solution for forestry and wood applications, strengthening traceability and PEFC certification.

Blockchain technology may allow a transparent and complete tracking of wood and timber products, fully compatible with PEFC Chain of Custody certification (CoC).

In the long-term, the blockchain system has the potential to be used as a tool for ecosystem services. If adopted by PEFC, at national and international levels, blockchain could be used as a basis for carbon credits exchange systems helping to limit the negative impacts on the environment.