Volvo Cars Use Blockchain
Blockchain is a secure and transparent database which is now slowly coming into mainstream use.
Volvo Cars require a regular supply of cobalt because of its use in EV batteries. But this put the eco-friendly design in jeopardy because the huge demand put pressure on the miners in Congo to resort to child labor.
The social activists put huge pressure on car companies to curtain the purchase of Cobalt from Africa.
To counter this problem, Volvo has started to use blockchain to map the source of Cobalt to their factories. Blockchain could be helpful in being used to verify the source of the Cobalt. Moreover, Volvo has also joined a project with the Government to monitor cobalt from the Democratic Republic of Congo.