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Glencore and partners to trace sustainable cobalt in blockchain pilot 21 May 2021 (Last Updated May 21st, 2021 12:23)
Glencore will join Umicore to pilot a blockchain solution designed for sustainable cobalt traceability.
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Glencore and other miners have partnered with battery material supplier Umicore to pilot a blockchain solution for sustainable cobalt traceability.
The group includes Eurasian Resources Group (ERG) and China Molybdenum (CMOC).
The team intends to pilot ReISource, a solution that will use blockchain technology to trace responsibly produced cobalt from the mine to the electric car.
Designed to help address the growing need for cobalt value chain visibility, the solution will use technologies such as blockchain and zero-knowledge proofs to link digital flows with physical material flows on the ground.
Glencore leads miners group in cobalt blockchain pilot
Child miners as young as 11 in eastern Congo. (
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Glencore (LSE: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce using blockchain technology.
The group, which includes Eurasian Resources Group (ERG) and China Molybdenum (CMOC) are piloting Re|Source, a solution to track responsibly produced cobalt from mine to electric car.
Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022.
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