The $700 billion electric cars manufacturer is now blockchenizing cobalt

Tesla is using blockchain to trace cobalt and nickel with it implementing a pilot project across its supply chain.

Glencore, an Anglo-Swiss commodity trading and mining company with some $142 billion in yearly revenue, revealed Tesla is collaborating with Re|Source, which provides blockchain tracing “from the mine to the electric vehicle.” Glencore said:

“The pilot is being tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle productions sites.

Multiple on-site pilots have already commenced in the DRC and Europe, and plans are in place to commence further pilots in Asia and the US later this year.

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