Eurasian resource use block chain ensuring traceability cobalt sources

On January 23, Eurasian resource ( ERG） Announced that it would try out solutions based on IBM chain platform, the block chain, in order to ensure the supply chain and improve the reliability of sources of cobalt in traceability.

ERG, points out that the block chain solutions help ensure to build a reliable lithium-ion battery supply chain, will initially be used in the democratic republic of the Congo Metalkol RTR copper and cobalt project. Use block chain will help track the source of cobalt in the entire supply chain, including smelting and blend to cobalt, and can according to the highest standards through effective information sharing, tracking, and strengthen transparency to reduce costs.

although lithium cobalt and copper, nickel and other metal promoted the development of the global battery industry, but its exploitation may cause serious damage to the surrounding ecosystem. Due to the lack of viable reuse and recycling system, the problem of pollution is intensified. Based on block chain solutions help ensure traceability of the materials.

IBM global business services, managing partner of Niels DE Jongh said: & other; ERG block chain solution scheme to stakeholders through cobalt supply chain together, help change the mining industry of the whole business process, and mutual trust to a new level. By using IBM's digital function, the parties can interact through a kind of has a clear focus to formulate solutions. ”

ERG, chief executive, the global alliance for batteries, chairman of the joint chiefs of staff this song said: & other; Cobalt is one of the key enabler for the fourth time the industrial revolution, and the future development of important materials, so must be conducted in a sustainable way. ”