Volkswagen Joins IBM-Backed Blockchain Platform for Cobalt Supply Chains

Cointelegraph

Published Apr 18, 2019 03:30PM ET

Updated Apr 18, 2019 04:22PM ET

Volkswagen Joins IBM-Backed Blockchain Platform for Cobalt Supply Chains

Volkswagen (DE:VOWG_p) is joining a blockchain-powered scheme to ensure the cobalt used in lithium-ion batteries for its electric vehicles is responsibly sourced. The carmaker announced its involvement in a news release on April 18.

The German-headquartered company hopes the technology, built on the IBM (NYSE:IBM) Blockchain Platform, will “increase efficiency, sustainability and transparency in global mineral supply chains.”

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