Myślisz, że wymiatasz jeśli chodzi o NBA? Sprawdź się z innymi pasjonatami koszykówki. Odwiedź NBA QUIZ i wykaż się wiedzą!

Ocena wątku:
  • 0 Głosów - 0 Średnio
  • 1
  • 2
  • 3
  • 4
  • 5
Smartphone & Car Batteries on a Blockchain
29-01-2019, 03:31
Post: #1
Smartphone & Car Batteries on a Blockchain
South Korean battery maker LG Chem, tech giant IBM, auto manufacturer Ford Motor and others have partnered in a blockchain project aimed at infusing transparency in the global mineral supply chain, impacting batteries used in smartphones and electric vehiceles.

[Obrazek: Smartphone-and-Car-Batteries-on-a-Blockchain.png]

See also: Blockchain and Applications

Specifically, the project will track cobalt mined in the Democratic Republic Congo. Cobalt is used in lithium-ion batteries and its demand and price has skyrocketed with the growth of electric vehicle and mobile device sectors. It is estimated that DR Congo produces around two-thirds of the world’s cobalt supplies.

See also: Blockchain application in Real Estate


The goal of the project is to support environmental protection and human rights. Investors and consumers have piled pressure on companies to prove that their raw materials are sourced without endangering the environment or causing human rights abuses. In DR Congo, however, these standards are rarely met, according to IBM:

See also: Blockchain application in Agriculture

In the DRC’s industrial mining sector, environmental and social risks are a reality. The small-scale mining operations in cobalt, copper and 3TG that dot the vast country and sustain the livelihoods of approximately two million people, are often beset with profound challenges including human rights violations, as well as conflict-financing (in the case of 3TG in isolated parts of the country).

The pilot project is expected to be completed mid this year. During the pilot, blockchain will be used to create an audit trail starting at Huayou Cobalt’s industrial mine in DR Congo.

Cobalt produced from the Huayou mine will be put in secure bags and then recorded on the blockchain. The cobalt will then be traced from LG Chem’s battery plant located in South Korea and subsequently Ford Motors’ plant located in the United States.


The sourcing standards that will be used to validate all the actors in the supply chain have been created by the intergovernmental body that mainly represents rich countries, the Organization for Economic Cooperation and Development (OECD). However, the pilot project is not expected to replace human-led auditing.

After the pilot, the blockchain-based tracking initiative will be expanded to other minerals besides cobalt:

Once we have completed the pilot with cobalt, our aim is to then create an open, industry-wide blockchain platform to validate the full range of raw materials used in consumer products and expand the network so that a wider range of participants can join to enable greater responsibility in commodities sourcing.

This is not the first blockchain initiative to track minerals from Africa to ensure they are sourced responsibly. Diamond giant De Beers, for instance, already has Tracr, a blockchain-based tracking solution meant to ensure ‘blood diamonds’ don’t enter its supply chain.


Blockchain application, Blockchain Programing, Blockchain
Znajdź wszystkie posty użytkownika

Podobne wątki
Wątek: Autor Odpowiedzi: Wyświetleń: Ostatni post
  HSBC Completed $250 Billion in Blockchain-Processed Transactions in 2018 thetvbytesoft 0 175 31-01-2019 03:26
Ostatni post: thetvbytesoft
  Rising Blockchain Developer Salaries May Not Mean Increasing Crypto Activity thetvbytesoft 0 158 30-01-2019 04:21
Ostatni post: thetvbytesoft
  Blockchain-Based Project Fights to Remove Counterfeit Medication thetvbytesoft 0 222 28-01-2019 04:01
Ostatni post: thetvbytesoft
  Rising Blockchain Developer Salaries May Not Mean Increasing Crypto Activity thetvbytesoft 0 183 26-01-2019 03:40
Ostatni post: thetvbytesoft
  Why Ford Believes Blockchain Can Help Fight Child Labor thetvbytesoft 0 182 25-01-2019 03:44
Ostatni post: thetvbytesoft
  Dubai Sets First Blockchain-Powered Government thetvbytesoft 0 256 23-01-2019 03:42
Ostatni post: thetvbytesoft
  The First $100 Billion Dollar Blockchain Company Could Be The Next SAP thetvbytesoft 0 194 22-01-2019 03:53
Ostatni post: thetvbytesoft
  Why Slowing ICO Avalanche Benefits Blockchain’s Image thetvbytesoft 0 280 21-01-2019 04:13
Ostatni post: thetvbytesoft
  How Blockchain Would’ve Saved Bitcoin Gold, Can Stop Hackers thetvbytesoft 0 249 19-01-2019 05:24
Ostatni post: thetvbytesoft
  Why Aren’t Banks Giving Blockchain Startups Accounts ? thetvbytesoft 0 270 18-01-2019 04:22
Ostatni post: thetvbytesoft

Skocz do:

Użytkownicy przeglądający ten wątek: 1 gości