On Friday, at SXSW, Coca-Cola shared that the company will collaborate with the US State Department, Blockchain Trust Accelerator, and Bitfury to create a blockchain pilot to clamp down on forced labor and exploitation.
On March 16, 2018, at the South by Southwest[1] Conference, Coca-Cola announced its partnership with Bitfury[2] and Blockchain Trust Accelerator (a non-profit organization), to develop a blockchain-based registry for workers. The US State Department will contribute its expertise on labor protection to the project and Emercoin will help provide blockchain services.
Coca-Cola has pledged to conduct 28 national studies related to its sugar supply chains by the year 2020.
"We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain," Brent Wilton, Coca-Cola's global head of workplace rights, told Reuters[3].
The State Department's deputy assistant secretary, Scott Busby, acknowledged that blockchain technology alone cannot ensure that the supply chain intermediaries abide by labor contracts. However, he expressed hope that the registry could promote compliance.
Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.
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References
- ^ South by Southwest (www.ethnews.com)
- ^ Bitfury (www.ethnews.com)
- ^ Reuters (www.reuters.com)
- ^ Editorial Policy (www.ethnews.com)
- ^ Twitter @ETHNews_ (twitter.com)
