Tesla implements blockchain pilot for sustainable sourcing of cobalt in DRC

Tesla, the United States-based manufacturer of electric vehicles (EVs), is implementing a blockchain solution for end-to-end cobalt traceability in partnership with Glencore, China Molybdenum (CMOC) and Eurasian Resources Group (ERG), Glencore announced in a press release dated Thursday August 12.

The Re|Source blockchain platform that Tesla is piloting was founded by Glencore, CMOC and ERG, and was launched in 2019. It was later joined by Umicore, and backed by Norilsk Nickel and Johnson Matthey. The Responsible Minerals Initiative (RMI) and the Cobalt Institute (CI) have also joined as strategic advisers.
The Re|Source platform is intended to develop a blockchain solution for the tracing of cobalt used in EV batteries, ensuring that they are sustainably sourced, and allowing users to account for and verify the origin of each unit.

The blockchain system records and verifies transactions...

Published

Cristina Belda

August 12, 2021

19:37 GMT

London