BMW ‘Is Working With’ Another Blockchain Firm, This Time To Track Cobalt, Report Says


German car manufacturer BMW has allegedly closed a second partnership with a Blockchainstartup, this time to source ethical cobalt for its products, Reuters reports March 5, citing the startup’s CEO.

Just a week after the automotive giant unveiled a deal with Chinese Blockchain supply firm VEChain, Douglas Johnson-Poensgen, the CEO of little-known UK-based startup Circulor, told Reuters they are collaborating with BMW to track so-called ‘clean’ cobalt supplies in order to ensure their ethical provenance.

Cobalt is sourced overwhelmingly from the war-torn Democratic Republic of Congo, where some supplies are reported to involve the use of child labor and informal setups known as ‘artisanal’ mines, Reuters notes.

Blockchain tech, Circulor’s CEO says, is the auto giant’s ticket to ensuring a sustainable supply chain

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