How Blockchain Can Ensure Ethical and Transparent Supply Chains for Electric Vehicles

05/15 17:11

The Biden administration has announced new regulations that require at least 54% of all new vehicles made in the United States to be electric by 2030. This will necessitate a new North American supply chain, assembly lines, and manufacturing facilities. However, there are currently few reliable methods for ensuring that car makers and battery companies are sourcing materials ethically. Blockchain technology can provide a transparent and secure platform for tracking and verifying the origin and production of materials, ensuring accuracy and trustworthiness. This can help curb unethical practices and create safety for consumers.

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