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In collaboration with Circulor, the company plans to use blockchain technology for increasing traceability of mobility which could play a isolation material in the battery pack of electric Volvos.

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Turn news into historical artefacts and own pivotal moments of blockchain history. There is no explanation for it, I just wanted to and bought it, without any. Volvo Cars will become the first carmaker to implement global traceability of cobalt used in its batteries by applying blockchain technology. Volvo owner Zhejiang Geely Holding and Swiss blockchain firm Concordium announced Friday a joint venture to provide blockchain technology.

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Notes to editors The Organisation for Economic Co-operation and Development OECD provides detailed recommendations to help companies respect human rights and avoid contributing to conflict through their mineral purchasing decisions and practices. Volvo owner Zhejiang Geely Holding and Swiss blockchain firm Concordium announced Friday a joint venture to provide blockchain technology and decentralized applications for clients in China. By then, it also expects one-third of its cars sold to be autonomous. By , it expects half of its global sales to consist of fully electric cars, with the rest hybrids. These include blockchain as a Service BaaS platform, digital asset management, and blockchain traceability.