Volvo leads in blockchain adoption
Autocar Professional|1st December 2022
Future autonomous connected cars will benefit from this application, observes
- Chandan B Mallik
Volvo leads in blockchain adoption

Sweden-based Volvo Cars was the first automotive company to adopt block chain technologies and systems. The reason behind this was Volvo wanted to have a system that could globally trace the amount of cobalt used in its batteries. Volvo announced its intentions in this respect shortly after it launched its first fully electric car, the XC40 Recharge.

Traceability of raw materials used in the production of lithium-ion batteries, such as cobalt, is one of the main sustainability challenges faced by car makers.

Blockchain technology, which establishes a transparent and reliable shared data network, significantly boosts transparency of the raw material supply chain because the information about the material's origin cannot be changed undetected.

この蚘事は Autocar Professional の 1st December 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Autocar Professional の 1st December 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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