This creates a common digital infrastructure that allows the transparent exchange of information.
“Digitalization provides important technological instruments that enable us to track the path of minerals and raw materials in cross-border supply chains in ever greater detail”, Marco Philippi, Head of Strategy Group Procurement, commented. “Together with Minespider we will use the blockchain technology to make our processes more transparent and secure.”
The pilot project on the supply chain for lead also serves to define the framework for broader collaboration. Following the successful completion of this pilot, it is planned to use the technology for further raw materials and their supply chains.
“We are witnessing a transformation of global supply chains”, Nathan Williams, CEO of Minespider, said. “Companies have the right to know that their suppliers are operating responsibly and with blockchain we finally have the tools to prove it.”
For decades, the Volkswagen Group has pursued the principle that sustainability and social responsibility do not start at the production plant. In a company with international production sites and sales activities in over 150 countries, due diligence is an enormous challenge and a major responsibility. The stated goal is to use industrial raw materials that are extracted sustainably in a socially and environmentally sound manner.
