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Volkswagen Uses IBM Blockchain To Track Mineral Supply Chain

Liang CHE

Summary: According to coindesk.com, Volkswagen AG said it has joined the open industry consortium including Ford in order to "responsibly" purchase cobalt and other minerals (lithium-ion batteries for electric vehicles). Volkswagen said that at present, mineral miners and consumer brands rely on third-party audits and “labor manual” manual processes to meet widely accepted industry standards for ...

According to coindesk.com, Volkswagen AG said it has joined the open industry consortium including Ford in order to "responsibly" purchase cobalt and other minerals (lithium-ion batteries for electric vehicles). Volkswagen said that at present, mineral miners and consumer brands rely on third-party audits and “labor manual” manual processes to meet widely accepted industry standards for mineral procurement.