Today Mercedes-Benz Cars
announced it’s prototyping a blockchain network to enforce supplier contractual obligations, particularly for sustainability and ethical compliance. The project is in partnership with cloud-based contracts company Icertis. The news follows Friday’s announcement of a €1 billion ($1.14 billion)
joint venture with BMW for mobility.
The first step in many blockchain projects is standardization. So Icertis is working with Mercedes to make contract documentation more consistent. Mercedes’ supplier contracts include clauses relating to working conditions, human rights, environmental protection, safety, business ethics and compliance. Adherence to these obligations and sustainability, in particular, is logged on a blockchain, so any deviations become evident.
Sustainability-related information is disclosed without revealing competitor-sensitive data.
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