Electric cars are the new trend ruling the conversation. With so many brands now plunging in the pool of electric vehicles, there is a demand for a sustainable batter that drives these cars. Companies are doing active research in this field, and many have come up with the right solution. Simultaneously, it also becomes important that all the components that go in the manufacturing of electric vehicles are sustainable and derived without any damage to the environment.

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Volvo committed To Use Blockchain For The
Highest Level Of Transparency
Electric cars are the new trend ruling the conversation. With so many brands now
plunging in the pool of electric vehicles, there is a demand for a sustainable batter
that drives these cars. Companies are doing active research in this field, and
many have come up with the right solution. Simultaneously, it also becomes
important that all the components that go in the manufacturing of electric vehicles
are sustainable and derived without any damage to the environment. After all, the
objective of switching to an electric vehicle is to save the environment.
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Hence it becomes paramount that all the components that are used in EV are
environment-friendly. While companies make tall claims about it, the automobile
manufacturing company, VOLVO, has gone a step ahead, and they have now
incorporated Blockchain Technology to maintain complete transparency.
The company has decided to merge its mining process with Blockchain
technology. This will help in assessing the sourcing of cobalt which is used in
making of the batteries of the EVs.
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Volvo and Blockchain
It would not be wrong to claim that Blockchain is slowly making its presence in
almost all the business niches, whether healthcare, education, finance, or
automobile. Here is how VOLVO is tapping the usefulness of Blockchain and
using it for enhancing transparency.
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What VOLVO is eying at present is sustainability, and it begins right from the
extraction proves. In VOLVO, they are using it with tracing cobalt that finds use in
the lithium-ion batteries. The company is a pioneer in this field, and it will enjoy the
first-mover advantage. VOLVO aims at ensuring complete transparency when it
comes to the sourcing of its raw material, and that comes with the help of
Blockchain technology. One of the key features of Blockchain is that it offers
transparency and tracking of information.
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VOLVO is making use of this technology and will be used to trace the mining of
cobalt. The customers of VOLVO can use this feature and get to know whether
they are investing in the right product or not. This way, VOLVO uses Blockchain
technology to assure its customers that they are using only sustainable and
certified raw materials.
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Blockchain is a digital book with all the information stored via cryptography that
ensures the security of information. It makes the DLT platform free from any
hacking attack. With this technology, not only will the data be secured, but at the
same time, it also ensures complete transparency.
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Conclusion- This is one of the use cases of Blockchain technology in the
automotive industry. It will expand in the times to come, opening the gateway of
opportunities for Blockchain experts. Enrolling for a Blockchain certification course
is one such course that will help you master this technology and learn about its
use cases. Blockchain Council is a good learning platform that offers online
Blockchain certification courses. These industry oriented certification courses and
training program helps you master this technology and become an expert. To
know more about Blockchain, connect with Blockchain Council today.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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