We promised it in September. October brings the Inacsys verification layer and KYC - Know Your Counterparty - to the Circular Industry Cloud.
This is a significant milestone for B2B trade in recyclable paper and plastics globally - and this post explains what it means, why it matters, and how it benefits every participant on the platform: sellers, buyers, and brokers.
WHAT IS KYC IN B2B TRADE?
KYC - Know Your Counterparty - is the process by which a business verifies the identity, legitimacy, and compliance status of the other party in a transaction before trade takes place.
In banking and financial services, KYC is mandatory under anti-money laundering regulation. In B2B trade, KYC is a commercial necessity - it answers the questions that every seller and buyer has before committing to a transaction with a new counterparty:
Is this company real and registered? Do they have a track record? Are there sanctions or compliance issues I need to know about? Is the buyer creditworthy? Is the seller what they say they are?
In the secondary paper and plastics trade, these questions are especially important because material changes hands across jurisdictions, often between parties who have never transacted before, at significant dollar values per container load.
WHAT THE INACSYS VERIFICATION LAYER DOES
The Inacsys verification layer adds a KYC step to the Circular Industry Cloud that allows sellers, buyers, and brokers to see which counterparties on the platform have been verified. Verification covers business registration and entity confirmation, trade history and reference checks, and compliance screening.
A verified badge on a listing or profile on inacsys.com tells every other participant that this counterparty has been screened. It does not guarantee the outcome of a trade - but it reduces the friction and risk of working with a new counterparty in a new jurisdiction.
WHY THIS MATTERS FOR SELLERS
Sellers listing seconds, broke, off-spec, scrap, and waste grades on the Circular Industry Cloud benefit from verification because it unlocks access to buyers who require it. Institutional buyers, export traders, and volume buyers in Asia and Europe increasingly require that their supply base meets a minimum verification standard before they will engage. A verified seller on inacsys.com can reach this buyer segment.
WHY THIS MATTERS FOR BUYERS
Buyers posting RFQs or responding to listings benefit from knowing which sellers on the platform have been verified. A broker or mill sourcing material at scale needs to know that the seller exists, is registered, and has been screened before committing to a container order.
WHY THIS MATTERS FOR BROKERS
Brokers are active users of the Circular Industry Cloud - listing material on behalf of sellers, sourcing material for buyers, and using the platform as a matching and communication layer. Verification makes the platform more useful for brokers because it means the counterparties they introduce to each other have a baseline of trust already established. Brokers who are themselves verified on the platform carry that credential to every transaction they facilitate.
Verification is not a replacement for the broker's own due diligence or relationship knowledge. It is an additional layer of confidence that the digital trade environment provides, which the traditional phone and email-based trade did not.
THE CIRCULAR INDUSTRY CLOUD WITH VERIFICATION
The Circular Industry Cloud went live September 5, 2026. The first trades completed in September. October brings the verification layer that makes every trade on the platform more confident.
Register at inacsys.com. Verification details will be shared when the feature goes live.
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