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Another version of technology is coming blockchain, this time in automotive industry. new generation electric cars will be supported by block chains, which is directed, among others for more effective protection of the environment.

Sustainable development and care for the natural environment

In recent years, there has been a growing interest in automotive brands in issues such as sustainable development and environmental protection.

Hence, electric cars are becoming more and more popular.

Known throughout the world, primarily from reliable security standards, the company Volvo as the first in the industry, it turned to responsible sourcing of raw materials, taking a number of actions on the ground recycling of automotive materials.

Importantly, Volvo is the first car brand premium class declared use hybrid or fully electric drive in all their cars.

As a result, the automotive industry not only gains wider development prospects, but air quality will also improve, especially in larger cities.

The fact that Volvo uses recycled in its production lithium batteries.

This solution is hit primarily due to the fact that the amount of lithium, as well as cobalt, does not match the high demand for these raw materials.

Also check: Blockchain in logistics

Volvo aims at blockchain

To achieve its goals, Volvo has decided to use the increasingly popular blockchain technology. It is to track the cobalt used in the vehicles produced by the brand.

The entire process begins with lithium batteries, which are scrapped and then obtained from secondary raw materials. They are tracked until they reach the Volvo factory.

To be able to effectively track selected materials, as well as verify the possibility of recycling, the company needed appropriate support.

She chose a British company as her partner Circulorspecializing in blockchain technology.

Volvo in cooperation with Circulor will revolutionize electric cars

For the needs of the new partner, Circulor has developed a blockchain-based platform Oracle, which aims to create a chain of evidence in the supply chain, which is connected by algorithms based on artificial intelligence.

The platform has already successfully tested in real conditions, so it cannot be ruled out that electric cars supported by block chains will soon become a symbol of a completely new quality in the automotive industry.

In addition, both Volvo and its customers will be sure that the car parts in selected cars come from legal sources, and that their sourcing takes place in a responsible manner, with care for the environment.

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