Energy

Volvo joins responsible sourcing blockchain network with focus on digital supply chain for cobalt

(c)iStock.com/clagge

Blockchain network Responsible Sourcing Blockchain Network (RSBN), has announced that its digital supply chain for cobalt has moved the pilot phase and is progressing toward use in live production computing environments starting in spring 2020 – with Swedish automaker Volvo as its newest recruit.

RSBN, built on the IBM Blockchain Platform and assured by RCS Global Group, will have continued participation from founding members including Ford Motor Company, Volkswagen Group, LG Chem and Huayou Cobalt.

Volvo will join the network as its newest member with further partners from the auto, tech and mining sectors expected to join in 2019. It will be the first company in the consortium to fully apply the RSBN solution in its LG Chem supply chain beginning in spring 2020.

Ford also noted that as it is preparing to launch its global all-electric Mustang-inspired SUV in 2020, the RSBN becomes an important tool to strengthen transparency and visibility into its global mineral supply chain.

Last month, the company announced it had extended its European plug-in hybrid electric vehicle (PHEV) trial to the German city of Cologne – including exploring geofencing and blockchain technology to help track ‘green miles.’ The firm, which has been testing PHEVs on the streets of London and Valencia, is working in coordination with five municipal fleets in Cologne, nine Transit Custom Plug-In Hybrid vans, and one Tourneo Custom Plug-In Hybrid people mover.

In another automotive-based project, Austrian blockchain firm Riddle&Code noted details and context in July of its DLT hardware wallet that is powering a Daimler Financial Services-led consortium to provide an open car wallet solution. Car wallets allow a wide range of use cases from car-sharing to autonomous vehicles.

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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