Startup Helps Reduce Child Labor in Africa & Aspires to Work with Tesla
Recently, the venture arms of corporate giants Volvo and Total invested in blockchain traceability startup Circulor that helps reduce child labor in Africa and aspires to work with Tesla, GM and Ford. Another important use case for Circulor is tracking the carbon footprint of car manufacturing throughout the supply chain.
Ironically, according to Johnson, the carbon footprint of an electric car manufacturer is much higher than a fuel-powered one and the battery accounts for more than half of it:
“Of course, the carbon footprint between a normal car and an electric vehicle even out. Johnson explains that, at least partially, the switch was made because of the prejudice that existed in the corporate world against public blockchains:
“The reason we went with a private permissioned blockchain was partly because of prejudice by our target customers who are not used to transparency in supply chains, who have commercial sensitivities to consider between their relationship with their customers.
