Yesterday, British-Swiss commodities trading company Glencore announced it is joining the
Responsible Sourcing Blockchain Network (RSBN) for ethical sourcing and production of minerals. Glencore is the largest producer in the world of cobalt an element in electric vehicle (EV) batteries.
The mineral has been
plagued with issues ranging from child labor to unsafe working conditions in artisan mines (as opposed to professional mines).
Members of the RSBN consortium include IBM, Ford,
Volkswagen,
Volvo, Huayou Cobalt, LG Chem and RCS Global.
Fiat Chrysler joined earlier this week. RSBN’s platform is built on the IBM Blockchain Platform, and previously ran a trial for
cobalt provenance from Huayou’s mine site in the Democratic Republic of Congo.
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