In the official news release, Mercedes says the project is focused on cobalt in the supply chain, coming from recycling plans. According to the announcement, the blockchain system will not only trace the production trajectory but also the carbon emissions that come with it. The blockchain product will also measure the exact amount of recycled material that passes through the supply chain.
Speaking on the new blockchain system, Mercedes-Benz AG Board Member Markus Schäfer suggests that the aim is to make the entire process as open and verifiable as possible.
“The key is transparency…We are the first manufacturer to use blockchain technology to map CO2 emissions in the global battery cell supply chain. In doing so, we are laying the cornerstone for effective improvements – for the environment and for our businesses”
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