Volvo To Use Blockchain To Trace Cobalt Used In Electric Car Batteries
Volvo Cars Group is set to become the first carmaker to use blockchain technology to trace the cobalt used in lithium ion batteries used for its electric cars. The company announced last month the launch of its first fully electric car, the XC40 Recharge. The carmaker is providing traceability of raw materials, such as cobalt, used in the production of the batteries used in its cars.
Source: RTTNews