]]> Glencore joins blockchain network technology to ensure responsible cobalt supply. Credit: Alchemist-hp. <\/p>\n
Glencore is set to become a member of the Responsible Sourcing Blockchain Network (RSBN) which uses blockchain technology to support responsible sourcing and production practices of minerals from mine to market.<\/p>\n
Glencore noted that the networks blockchain has moved beyond proof of concept (PoC) and is scheduled to go live by next year.<\/p>\n
It has been designed to be implemented by original equipment manufacturers (OEMs) in electronics, aerospace defence and automotive sectors.<\/p>\n
RSBN will also be adopted by supply chain partners such as mining companies and other battery manufacturers.<\/p>\n
The company says that its membership in the network will enable it to deliver improved traceability and transparency of supply chain.<\/p>\n
The company will also be able to form good practice with its supply chain partners.<\/p>\n
The companys initial focus of participation in the initiative will be on cobalt and eventually extended to tin, tantalum, tungsten and gold.<\/p>\n
Glencore Copper and Cobalt marketing head Nico Paraskevas said: RSBN plays a key role in advancing the sustainable partnership between the producers of commodities that will enable the transition to a low-carbon economy and key consumers around the world.<\/p>\n
We look forward to working with the network to further embed responsible sourcing good practice across the mineral supply chain.<\/p>\n
Built on the IBM Blockchain Platform and powered by the Hyperledger Fabric of Linux Foundation, the blockchain technology aims to improve transparency by providing a secure record for members associated with the network upon permission.<\/p>\n
RCS Global also assesses each participating firm initially and annually against responsible sourcing requirements set by the Organization for Economic Cooperation and Development. <\/p>\n
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Glencore to become member of blockchain technology network - Mining Technology<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" ]]> Glencore joins blockchain network technology to ensure responsible cobalt supply. Credit: Alchemist-hp. Glencore is set to become a member of the Responsible Sourcing Blockchain Network (RSBN) which uses blockchain technology to support responsible sourcing and production practices of minerals from mine to market Continue reading