Nissan Ariya: UK pricing starts from £43,845 and the full line up available to order from July 5th

More

All-electric Citroen e-C4 X is four-door fastback with added SUV attitude

More

DS 7 E-TENSE arrives with revised look and new 360hp PHEV variant

More

Hyundai Unveils Design of All-Electric IONIQ 6, Electrified Streamliner with Mindful Interior Design

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Volkswagen Group Joins Responsible Sourcing Network

Volkswagen Group is joining an open industry collaboration for the responsible sourcing of strategic minerals that will use blockchain technology to increase efficiency, sustainability and transparency in global mineral supply chains.

Joining the collaboration will enable the Volkswagen Group to gain greater insight into the provenance of cobalt used in lithium-ion batteries for electric vehicles and other types of minerals used elsewhere in the production of vehicles.

Blockchain technology complements both current assessment and audit procedures as well as supports responsible sourcing standards developed by the Organization for Economic Cooperation and Development (OECD), enabling a permanent record to help address compliance requirements. Traditionally, miners, smelters and consumer brands had to rely on third-party audits and laborious manual processes to establish compliance with generally accepted industry standards.

Built on the IBM Blockchain Platform and powered by the Linux Foundation’s Hyperledger Fabric, the new platform for enabling the traceability and provenance of minerals is designed to provide easy access for interested parties of all sizes and roles in the supply chain. Participants in the network, validated by RCS Global Group for compliance with responsible sourcing standards, can contribute and access immutable data in a secure and permissioned way to trace and record the flow of minerals across the supply chain in near real-time.

Today, the blockchain network includes participants at each major stage of the supply chain from mine to end-user. Other members of the collaboration are Ford Motor Company, Huayou Cobalt, IBM and LG Chem along with co-founding responsible sourcing specialists RCS Global Group.

Volkswagen Group will contribute its vast business acumen to the initiative being one of the world’s leading automotive OEMs with suppliers and production facilities worldwide as well as first-hand knowledge of sustainability in supplier relations and mineral sourcing at a global scale.

Based on its open and democratic structure, the group will further expand membership to focus on industries such as aerospace, consumer electronics and mining operations.

Apr 23, 2019Blagojce Krivevski
Hyundai U.S.-market fuel cell mileage circumnavigates the planet more than 300 timesZF Introduces New Electric Drive for Commercial Vehicles with Functional Safety
You Might Also Like
 
Lower entry price Volkswagen ID.3 ‘Pro’ now on sale
 
VW, Eaton Show New Combined Charging System
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

April 23, 2019 Electric Car NewsVolkswagen, VW
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Being out of pocket and losing time are two of the biggest electric van concerns in new report from Ford
July 7, 2022
Britishvolt and Posco Chemical Sign MoU to Secure Supply of Cathode and Anode Active Materials
July 7, 2022
Renault Group inaugurates a new production line for electric motors at the Cléon plant
July 7, 2022
Rivian Delivered 4,467 Electric Vehicles in Q2 2022
July 6, 2022
CUPRA Born awarded a five-star safety rating by Euro NCAP
July 6, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Being out of pocket and losing time are two of the biggest electric van concerns in new report from Ford
July 7, 2022
Britishvolt and Posco Chemical Sign MoU to Secure Supply of Cathode and Anode Active Materials
July 7, 2022
Renault Group inaugurates a new production line for electric motors at the Cléon plant
July 7, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.