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16/01/19 11:00 UTC-4

IBM launches blockchain cobalt processing tracking project for Ford

IBM will launch a Blockchain-project to track the processing of cobalt for Ford
IBM will launch a Blockchain-project to track the processing of cobalt for Ford

IBM has announced the launch of a cobalt supply tracking project for Ford based on the Hyperledger Fabric platform, as reported by CoinDesk.

The Blockchain-project is designed to track the movement of cobalt from a mine in the Democratic Republic of Congo to the Ford Motor Company plant, and to track the supply of other metals from a mine in Mexico.

 

BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
for transparent cobalt supplies

The pilot version will be tested on a 1.5-ton batch of cobalt, which will leave the mine in the Democratic Republic of the Congo next month and will be transported for processing to China. After that, the recycled cobalt will be transported to a battery manufacturing plant in Korea. The finished product is transported in the United States to the Ford plant for the assembly of electric vehicles.

From the IBM message, the cobalt journey will last about five months and will be recorded in a blockchain on the Hyperledger Fabric platform.

In addition to IBM and Ford, Huayou Cobalt, a Chinese cobalt miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
company, parts manufacturer for LG Chem (a division of the South Korean conglomerate LG Corp.) and RCS Global will participate in the testing. Participating companies have pledged to maintain information updates in the IBM blockchain at Fabric. This in turn ensures the fixation of each item of processing of cobalt and other metals.

The main objective of the project: verification of compliance with quality standards at each stage of processing. At the same time, the customer plant will be able to track who, how and when manufactured components for batteries.

IBM will launch a Blockchain-project to track cobalt processing for Ford, at this stage two version of testing are being considered. The first, which was described above, and the second, which will include the registration of each individual worker in the blockchain. The second test version is necessary to prevent the use of illegal child labor in the steel industry.

Editor: Yulia Krasnaya

See also: "The largest Indian conglomerates are studying blockchain for B2B payments"

#blockchain #metallurgy #cobalt #IBM #Ford #Hyperledger #LG #HuayouCobalt

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