Estimated reading time: 0 minutes, 23 seconds

Volvo Turns to Blockchain to Track Battery Materials

Tuesday, Nov 12 2019
Blockchain
Written by  FinTech News Brief Staff
Volvo Turns to Blockchain to Track Battery Materials

In order to ensure the raw materials in the lithium ion batteries in its XC40 Recharge are responsibly sourced, Volvo will track them with blockchain technology. So reports Engadget.

Volvo will be working with suppliers LG Chem of South Korea and CATL of China. “The data in the blockchain will include the cobalt's origin, attributes like weight and size, as well as the chain of custody,” reads information in the article.

Read the full article from Engadget.

Read 3676 times
Rate this item
(0 votes)
More in this category: « Mastercard Working to Improve Food Supply Chain with Blockchain OneConnect Financial Technology Looks to Make Blockchain Play with U.S. IPO »

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline