Mercedes-Benz To Launch A Blockchain Pilot

Mercedes-Benz cars will turn to blockchain for sustainable mobility.

In a media release on January 30th, Mercedes-Benz has joined forces with London-based blockchain company Circulor to launch a blockchain pilot experiment to track CO2 emissions efficiently

According to the cryptopolitan, the project will leverage blockchain to attain transparency in CO2 emissions in the cobalt supply chain.

By utilizing blockchain, Mercedes-Benz will monitor the emission levels of different climate-impacting gases, and then track cobalt which makes way into the supply chain through various recycling sources.

Mercedes-Benz has an ambitious target of 2039 for climate-neutral mobility, and aim for a carbon-free transport fleet within the next twenty years. The press release states that the blockchain-powered system will document the flow and the contents of the raw materials along with CO2 emission levels at each step of the manufacturing process. The system will also track whether or not the parent firm, Daimler, operates by the sustainability standards set for working conditions, employee rights, ethical and sustainable business practices, and legal compliance.

This article is not intended to be financial advice. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Crypto Block does not provide investment, tax, legal, or accounting advice.

As always, do your due diligence before investing, and never invest more than you can afford to lose.

Photo Credit: Mercedes-Benz

2 views0 comments

Recent Posts

See All