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Tracking assets provides insight into the location and condition of assets giving the entrepreneur a better grip on the assets. QR codes, memory chips and RFID tags are the most suitable tracking technologies. Tracking assets creates ways to optimize the business model by creating intelligence that is needed to provision for future costs. Circular business models can be improved and track records can be built, which ultimately could provide the comfort for financiers to take the plunge. This pilot with Fairphone paves the way for a circular economy.
