Blockchain to ensure traceability of cobalt in Volvo’s traction batteries: Page 2 of 2

November 06, 2019 //By Christoph Hammerschmidt
Blockchain to ensure traceability of cobalt in Volvo’s traction batteries
With increasing acceptance of battery-powered vehicles, the issue of the origin of essential materials such as cobalt is increasingly being discussed critically by the public. To establish global traceability of cobalt used in its traction batteries, Volvo now plans to implement a solution based on the blockchain technology.

In the particular case at hand, data in the blockchain include the cobalt’s origin, attributes such as weight and size, the chain of custody and information establishing that participants’ behavior is consistent with OECD supply chain guidelines. This approach helps create trust between participants along a supply chain, Volvo is convinced.

The agreements between Volvo Cars, CATL and LG Chem cover the supply of batteries over the coming decade for next generation Volvo and Polestar models, including the new XC40 Recharge model.

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