Quick Intake
Hello all, In this article, let us see how Mercedes BENZ is using the blockchain technology to track the carbon emissions alongside the supply chain.
The Project covers the tracking of carbon emission not only from Benz operations but also from the entire supply chain (say also from its suppliers too)
Initially, the project is being tested/used for Cobalt process cycle, which is a key material used for Batteries, The entire journey of cobalt from Mining to Using in Car Batteries will be tracked and CO2 emissions in this entire journey will be placed in Blockchain.
Thereby it ensures to prove itself as Carbon neutral company but setting it off/curbing the Co2 released.
Happy Reading…
Together with start-up Circulor, Mercedes-Benz is conducting a pilot project for transparency on CO2 emissions in the cobalt supply chain as part of STARTUP AUTOBAHN.
The project partners use blockchain technology to track the emissions of climate-relevant gases as well as the amount of secondary material along the complex supply chains of battery cell manufacturers. In addition, the data network documents whether the Daimler sustainability standards are passed on throughout the entire supply chain.
With “Ambition2039”, Mercedes-Benz Cars aims for a carbon-neutral new passenger car fleet in less than 20 years. This transformation requires detailed knowledge of all climate-relevant processes associated with the entire vehicle value chain. That is why in a first step, Mercedes-Benz is creating transparency of CO2 emissions and the use of secondary material in the supply chain.
Furthermore, the network also displays whether Daimler’s sustainability requirements in terms of working conditions, human rights, environmental protection, safety, business ethics, and compliance are passed on to all companies involved.
In parallel with the recording of emissions data, Mercedes-Benz Cars are conducting workshops with suppliers in order to identify effective CO2 reduction measures. The focus of the committee is initially on materials whose production is particularly CO2 intensive.
Why Cobalt?
Cobalt is used for lithium-ion batteries. Lithium-ion batteries are used in electric cars, which are becoming more popular as petrol engines die out. Demand for cobalt is increasing, but cobalt mining is an environmentally damaging process, and transporting it around the world only makes things worse.
“The key is transparency: It is our aspiration to make all processes transparent and traceable,” said Markus Schäfer, who’s on the board of Mercedes-Benz.
Other Similar Projects –
Circulor has also worked with car manufacturer Volvo to track recycled cobalt on the blockchain.
Elsewhere, car manufacturers are big into the blockchain. Supercar manufacturer Lamborghini is using blockchain to secure and authenticate heritage Lamborghini cars. Lamborghini uses a blockchain system to log the car’s interactions with technicians, repair shops, and dealerships.
And five car manufacturers—Ford, BMW, Renault, General Motors, and Renault—have started testing a blockchain system that lets customers pay for parking tickets and highway tolls automatically. Ticketing systems can automatically identify cars and record them on a blockchain.
