Jaguar Land Rover invests in blockchain for sustainable materials sourcing
Jaguar Land Rover’s (JLR) venture capital and mobility services arm has invested in a blockchain technology scale-up that will help it to make supply chains for battery materials more sustainable. Electric vehicles are seen as a key part of the transport sector’s low-carbon emissions, but the metals and minerals used in their batteries aren’t inherently sustainable Called Circulor, the blockchain platform uses a combination of GPS, biometrics and QR codes to create a tamper-proof trail of audit for raw materials. The platform tracks compliance with environmental and social regulation and company pledges in these fields, while also calculating the carbon footprint of the materials.
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