Blockchain : How Blockchain could help against Child Labor in cobalt mining
[http://fortune.com/2018/08/24/cobalt-battery-blockchain-child-labor/](http://fortune.com/2018/08/24/cobalt-battery-blockchain-child-labor/)
Blockchain is becoming an increasingly powerful tool for monitoring supply chains. “Amnesty International is examining blockchain as a way to ensure mined cobalt hasn’t been the product of child labor. The country’s ongoing conflict and corruption ensure that traceability will remain a challenge. But companies utilizing cobalt should nonetheless pursue a blockchain system, as it could ensure the supply chain integrity consumers are demanding.”
Sad to know that the cobalt needed in our smartphones are actually being mined by children. Anyway, blockchain comes into play here because of its transparency. Good thing that it is actually being considered here. Before we only have to worry about diamonds being conflict-free, now we also have to consider the cobalt being used in iphones and teslas.
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
Author: geekygeorgina
Score: 3
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