Volvo Cars Use Blockchain to Aid Electric Vehicle (EV) Production

Volvo Cars Use Blockchain to Aid Electric Vehicle (EV) Production

Volvo Cars, based out of China, needs a regular supply of cobalt because of its use in EV batteries. However, the Cobalt was primarily obtained from Congo, which presented a massive social problem for EV users. Statistically, about two-thirds of the world’s Cobalt supply was from Congo. Reportedly, due to the apparent increase in demand for cobalt, the miners in Congo have resorted to ‘child labor.’ Hence, the eco-friendly design of the future was adversely affecting the lives of children today. Some organizations and protestors worked towards making it an important social cause. Hence, car companies were put under a...

New Chinese Crypto Ranking: Tron Remains 3rd Despite Fuss, Bitcoin 11th

New Chinese Crypto Ranking: Tron Remains 3rd Despite Fuss, Bitcoin 11th

The China Electronic Information Industry Development (CCID) that operates directly under the Ministry of Industry and Information Technology, released its latest crypto rankings, excluding bitcoin from the top 10. Tron managed to keep its Top 3 ranking, despite Justin Sun seemingly being in trouble last week. In May, as reported by CCN, the CCID ranked bitcoin as 12th in the Global Public Blockchain Technology Assessment Index, placing blockchain protocols with significantly smaller market valuations above the dominant cryptocurrency. Bitcoin has moved up a rank to 11th but fell behind COSMOS, a blockchain protocol that launched its mainnet in the first quarter of...

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