Help Desk -
9958816305, 9810335381
Email
Password

FCA joins Responsible Sourcing Blockchain Network for EV Supply Chain

Auto News - Published on Fri, 13 Dec 2019

Image Source: FCA RSBN
FCA has joined the Responsible Sourcing Blockchain Network, an industry collaboration using blockchain technology to support sustainable, responsible sourcing and production practices from mine to market. Built on the IBM Blockchain Platform and assured by RCS Global Group, the RSBN is on track to become commercially operational by spring 2020. Simultaneously, FCA will work with RSBN to launch a global audit and trace of cobalt in its supply chain. Traceability and mapping of raw materials are essential to more efficiently and preemptively mitigate unethical practices that threaten the future for the communities where the raw materials are sourced.

FCA intends to launch more than 30 electrified nameplates by 2022, and the consortium will help enable a responsible supply chain of cobalt, which is used in lithium-ion batteries that power electric vehicles.

RSBN is building an open, industry-wide blockchain platform to trace responsibly produced minerals from source through to end product, with RCS Global assessing each participating entity against responsible sourcing requirements set by the Organization for Economic Cooperation and Development and industry bodies. RSBN participants include Ford Motor Company, Volkswagen Group, Volvo, LG Chem and Huayou Cobalt.

Source :

Posted By : Arun Huidrom on Fri, 13 Dec 2019
Related News from Auto segment