BMW is ushering in a new era of sustainable aluminum production by leveraging blockchain technology. The car manufacturer has partnered with Rio Tinto and the Hui, a supply chain company, to use blockchain for traceability of sustainable aluminum.
Using blockchain technology, BMW is able to better trace the provenance and quality of the aluminum used in their vehicles, with the ultimate goal of developing more sustainable automotive production. With this technology, BMW can track where their aluminum comes from and how it is processed all the way to the factory.
Rio Tinto, the world’s largest mining company, is working in tandem with BMW to produce sustainable aluminum. They have developed a blockchain-based platform that is used to track the provenance, production process, and end use of their aluminum. Every step in the production process is tracked and recorded on the blockchain, making it easier to ensure a high quality and sustainable aluminum.
The Hui, a supply chain company, is also involved in the partnership. They help facilitate the traceability process by providing data and analytics on the production process. By understanding the quality of the aluminum and which factories it comes from, it is easier for BMW to ensure their aluminum meets their strict standards for sustainability.
This partnership between BMW, Rio Tinto, and the Hui marks a major shift towards a more sustainable future. By leveraging blockchain technology, they are able to ensure the quality of sustainable aluminum while also ensuring its traceability from start to finish. This type of collaboration between industry leaders is an important step in the move towards a more sustainable automotive industry.
