The Responsible Sourcing Blockchain Network (RSBN), a blockchain network committed to strengthening human rights and environmental protection in mineral supply chains, has added Volvo as a member. RSBN has also moved its digital supply chain for cobalt beyond the pilot phase. It is progressing toward live use production computing environments from spring 2020.
“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 next step in ensuring full traceability of our supply chain and minimising any related risks, in close collaboration with our suppliers.”
The RSBN has participation from founding members to assure the quality sourcing for cobalt. These members include:
- Ford Motor Company
- Volkswagen Group
- LG Chem
- Huayou Cobalt.
Starting immediately, Volvo Cars joins the RSBN as its newest member – with the expectation that:
- further partners from the auto, tech and mining sectors will join later
- involvement will move beyond tracing cobalt into other key battery metals like tungsten, tantalum, tin and gold.
RSBN, with its participants, is building what it describes as: “an open, industrywide blockchain platform to trace responsibly produced minerals from source through to end product”. A key player is RCS Global which has the responsibility for assessing each participating entity against responsible sourcing requirements set by the Organization for Economic Cooperation and Development (OECD) and other industry bodies.
“We are setting in motion a process of mainstreaming responsible sourcing practices across major industries,” said Dr Nicholas Garrett, CEO of RCS Global Group. “We’ve reached significant new milestones as we’ve moved beyond testing, proving the merits of this coupled technology and assurance model can…