Volvo doubles down on blockchain play with Circulor investment

Volvo has announced an investment in Circulor, a blockchain technology provider, as the company looks to further its ambitions in the sector.

The investment in Circulor is focused on providing greater traceability for cobalt in Volvo's supply chain, with Volvo Cars Tech Fund, the venture capital arm of the automotive manufacturer, contributing alongside SYSTEMIQ, Total Carbon Neutrality Ventures and Plug & Play.

Cobalt is used significantly in lithium ion batteries,...

Oil and gas blockchain consortium says successful water haulage pilot is ‘tip of the iceberg’

The OOC Oil & Gas Blockchain Consortium has announced the competition of a first successful pilot around water haulage.

The project, which was developed in partnership with Data Gumbo, involved automating the water haulage process, from field readings to invoice payments. It is claimed to be the first industry-wide use of a blockchain-native network - Data Gumbo's GumboNet network -for produced water haulage.

Initial results of the pilot include reducing the current...

Blockchain-based electric vehicle charging and integration set to tip $1bn by end of decade

The combined markets of blockchain-based electric vehicle charging and grid integration is forecast to break $1 billion by the end of the decade at a CAGR of 77.9%, according to a new report.

The study, from Guidehouse Insights, argues that through in-house or working with consortia, increasing numbers of traditional energy stakeholders are experimenting with blockchain technology. Such use cases 'have emerged as technologically sound and feasible within the regulatory and...

Global market for blockchain applications in microgrids to surpass $1.2bn by 2028, says Navigant

The latest report from Navigant Research has predicted that the global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2b by 2028, experiencing a compound annual growth rate (CAGR) of 67.8 per cent from 2019-2028.

The report, which examines trends driving the development of blockchain applications for both microgrids, states that the microgrid vendors and energy blockchain vendors are exploring more and more use cases wherein...

Mercedes-Benz looking to blockchain to provide transparency for CO2 emissions

Mercedes-Benz is planning for a carbon neutral new passenger car fleet as part of its ‘Ambition2039’ initiative, which is part of the company’s proposed path to sustainable mobility. To achieve its goal, the luxury automobile manufacturer has started by piloting for transparency on CO2 emissions in the cobalt supply chain.

The organisation has collaborated with Circulor, a London-based startup which aims to use blockchain and AI technologies to establish a new global...

World Economic Forum launches self-service blockchain track and trace platform

The World Economic Forum (WEF) has announced the launch of the first neutral and public traceability platform that is capable of visualising blockchain-based supply chain data from multiple organisations and sources. The platform has been developed to assist businesses across industries address the consumer demands for ethical and sustainable products.

Until today, before the launch of the WEF platform, organisations have published this kind of data by themselves or depended...

Fiat Chrysler and Glencore join responsible sourcing blockchain network

Fiat Chrysler Automobiles (FCA) and mining firm Glencore have become the latest entrants to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration which uses blockchain technology in order to support sustainable, responsible sourcing and production practices from mine to market.

According to Fiat Chrysler, the company will jointly work with the network for the launch of a global audit and trace of cobalt in its supply chain. By 2022, the automaker is...

Report finds nearly $700m in cumulative funding invested into energy blockchain development since 2015

A new report from Navigant Research states that 236 vendors, 254 projects and nearly $700m in cumulative funding has been invested into energy blockchain development since 2015 across five global regions.

Johnathon de Villier, research analyst with Navigant Research, said: “Key findings from our analysis highlight the shift in focus away from transactive energy (TE) and peer-to-peer electricity trading toward pragmatic use cases with shorter maturity horizons and proven business...

Volvo joins responsible sourcing blockchain network with focus on digital supply chain for cobalt

Blockchain network Responsible Sourcing Blockchain Network (RSBN), has announced that its digital supply chain for cobalt has moved the pilot phase and is progressing toward use in live production computing environments starting in spring 2020 – with Swedish automaker Volvo as its newest recruit.

RSBN, built on the IBM Blockchain Platform and assured by RCS Global Group, will have continued participation from founding members including Ford Motor Company, Volkswagen Group, LG...

Energy blockchain applications market predicted to see 67% CAGR in the coming decade

Navigant Research has predicted that global energy blockchain applications will generate $19 billion in cumulative revenue over the next decade at a compound annual growth rate (CAGR) of 66.9% during that time.

In its latest report, titled “Energy Blockchain Applications Overview”, Navigant anticipates the early growth of the applications to be concentrated in regions with competitive market structures and low barriers to market entry in Europe, Asia Pacific, and parts of the...