Startup Helps Reduce Child Labor in Africa & Aspires to Work with Tesla
Cointelegraph
Published Jul 11, 2020 02:00PM ET
Updated Jul 11, 2020 04:00PM ET
Recently, the venture arms of corporate giants Volvo and Total invested in blockchain traceability startup Circulor that helps reduce child labor in Africa and aspires to work with Tesla (NASDAQ:TSLA), GM and Ford.
Prior to an investment by its venture arm, Volvo was testing Circulor’s platform for over a year. The startup was helping the carmaker to verify the origins of cobalt used in its batteries. Cobalt, as is with many other raw materials, is not always ethically sourced. Circulor is also tracking the origins of another important raw material for car manufacturing, mica, which is used for insulation.
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Written By: Cointelegraph
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