BMW will cooperate with another Blockchain company
The German car manufacturer BMW is said to have started its second partnership with the Blockchain project. This time with the cobalt mining company that BMW needs to manufacture the parts.
It took only a week after the car giant introduced a deal with a Chinese company supplying food VEChain. However, Douglas Johnson-Peiensen, CEO of the little-known British start-up Circulor, told Reuters that they had signed a cooperation with BMW to track the so-called "pure" cobalt to ensure clean production.
Cobalt comes mainly from the war-torn Democratic Republic of the Congo. Some supplies are related to the use of child labor, notes Reuters.
"We believe that from the economic point of view it is necessary to start with sources that are not connected with problems", – Johnson-Pejensen Reuters has told.
"Once the system is tested and starts working on a large scale, you can solve more complex cases of use."
Almost no information has appeared regarding Circulor or their prospective partnership, which should be officially recognized by BMW. In addition, Circulor does not seem to have an official website with its registration.
The only place where the company was mentioned was in London, as a private limited company in November 2017. This is their only information available to the public.
Author: Olga Novikova, Analyst Freedman Club Crypto News
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