This week, Jaguar Land Rover’s venture capital arm InMotion said it invested in U.K. blockchain startup Circulor. The aim is to trace raw materials through the supply chain to ensure sustainability. The solution uses a combination of blockchain, GPS, biometrics and QR codes.
The deal represents at least the third major auto company to work with Circulor. Last year it helped Volvo track recycled cobalt used in new cars, followed by an investment from the car company in the middle of this year.
And at the start of the year, Mercedes said it was working with Circulor on a pilot to track CO2 emissions from its electric vehicles. That’s an area Volvo is also looking to explore.
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