Volvo Cars to use blockchain to trace source of cobalt for batteries

Volvo

Source: Volvo

Volvo Cars says it will become the first carmaker to use blockchain technology to trace the origin of the cobalt it buys for its batteries.

Volvo Cars says it will become the first carmaker to use blockchain technology to trace the origin of the cobalt it buys for its batteries. Volvo has agreed with with battery suppliers CATL of China and LG Chem of South Korea to implement the blockchain-based traceability process.

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