Tech giant IBM has teamed up with battery maker LG Chem, the Ford Motor Company and others to use blockchain technology “to trace and validate ethically-sourced materials” for batteries and other products.
The group, which includes Chinese mining firm Zhejiang Huayou Cobalt and auditing specialist RCS Global, is starting with a pilot focused on cobalt sourced in the Democratic Republic of Congo (DRC).
The move comes amid increasing pressure on electric vehicle producers and their battery suppliers to ensure an ethical approach for procuring raw materials— and hot on the heels of another ‘sustainable cobalt’ initiative launched by South Korea’s Samsung SDI and Samsung Electronics, Germany’s BMW and chemicals group BASF.
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