Blockchain to track Congo's cobalt from mine to mobile
Blockchain to track Congo's cobalt from mine to mobile.
LONDON (Reuters) - Blockchain is to be used for the first time to try to track cobalt’s journey from artisanal mines in Democratic Republic of Congo through to products used in smartphones and electric cars.
(For a graphic on how blockchain works click tmsnrt.rs/2dVefUN)
Sources close to a pilot scheme expected to be launched this year say the aim is eventually to give manufacturers a way of ensuring the cobalt in lithium-ion batteries for products such as iPhones and Teslas has not been mined by children.
Tracking cobalt presents many challenges as scores of informal mine sites would have to be monitored, all players in the supply chain would need to buy into the scheme, and accurate, electronic data would need to be transmitted from remote areas - all in a vast country plagued by lawlessness.