Today Volvo Cars officially joined the Responsible Sourcing Blockchain Network (RSBN) consortium to ethically source minerals used in electric cars, after first reports of the news
three months ago. The Swedish automaker now joins IBM, Ford, Volkswagen, RCS Global, LG Chem and Huayou Cobalt in the initiative.
The RSBN also announced that it completed a
pilot for Cobalt provenance launched at Huayou’s mine site in the Democratic Republic of Congo. The test demonstrated the use of blockchain for tracking the mineral from mine to the manufacturer, enabling a sustainable supply chain in the industry.
Built on the IBM Blockchain Platform, the RSBN platform is scheduled to go live by mid-2020. Volvo Cars said it would fully implement RSBN in its LG Chem supply chain. But Volvo also plans to use the solution for other minerals used in car batteries, such as nickel and lithium.
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