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Carmaker Giant Volvo to Integrate Blockchain to Trace Cobalt in Electric Cars

Volvo Cars is the first car manufacturer company that will implement blockchain technology to trace cobalt in its batteries for ethical purposes.Volvo made the announcement during the launch of XC40, its first ever fully electric car. Why would a user of an electric car need to trace cobalt? The key

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Volvo Cars to implement blockchain traceability of cobalt used in electric car batteries

Volvo Cars will become the first carmaker to blockchain technology in order to globally trace the cobalt used in its batteries.   advertisement “We have always been committed to an ethical supply chain for our raw materials,” said Martina Buchhauser, head of procurement at Volvo Cars. “With blockchain technology, we can take the

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