Mercedes-Benz is working with blockchain startup Circulor on a pilot project for transparency on CO2 emissions in the cobalt supply chain. The German automaker is aiming for a carbon-neutral passenger car fleet under its ‘Ambitions2039’ project.
U.K.-based Circulor is developing a blockchain track and trace system for industrial supply chains. It is also working with Volvo Cars to use blockchain for tracking recycled cobalt in newly manufactured cars. Cobalt is an essential mineral used in the manufacturing of electric vehicle batteries.
The relationship is part of STARTUP AUTOBAHN. Circulor may be young, but in the last 18 months it has made an impression. It’s first initiative was to trace tantalum in Rwanda for ethical sourcing. This was some time before IBM announced its Responsible Sourcing Blockchain Network which signed up many big names such as VW, Volvo, Ford, Fiat and Glencore. Circulor’s projects also pre-dated the World Economic Forum’s Mining and Metals Blockchain Initiative.
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