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Volkswagen to Make Supply Chain Transparent with Blockchain with Hackathon Winner Minespider

Volkswagen and blockchain startup Minespider are setting up a pilot project to achieve transparency in the global supply chain for lead. Blockchain technology makes it possible to trace the raw material back to the point of origin by means of digital certificates and the Volkswagen Group plans to use this technology for further raw materials and their supply chains.

Supply chain transparency is a major issue in many industries, including the automotive sector. Responsible raw material procurement is fundamental for sustainable mobility. Going forward, Volkswagen will be using blockchain, the technology behind various cryptocurrencies, to ensure more transparency and security in the supply chain. Starting in April, Volkswagen will be collaborating with Minespider to trace the supply chain for lead from the point of origin to the factory. The point of origin will be either the mine or the recycling source. The pilot project will involve suppliers and sub-suppliers that deliver more than two-thirds of the Group’s total lead starter battery requirements.

The collaboration Between Volkswagen and Minespider is the outcome of a “Hackathon for Supply Chain Transparency” held in 2018, where Minespider came out on top. During the event that is one element of the Volkswagen Group’s corporate citizenship, some 100 experts from various disciplines worked together to further develop innovative, digital solutions for more supply chain transparency. The hackathon series continues in 2019.

Head of Strategy Group Procurement Philippi:

“We will use this technology to make our processes more transparent and secure.”

The goals of the collaboration between the Volkswagen Group and Minespider include:

  • Optimizing supply chains
  • Eliminating sources of error
  • Guaranteeing social and ecological standards
Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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