The U.S. Department of Homeland Security is set to use blockchain technology to track cross-border oil import. The department's Science and Technology Directorate has awarded a grant of $182,700 to Canadian enterprise blockchain start-up Mavennet Systems, Inc. to develop a solution for this purpose.
Volvo Cars Group is set to become the first carmaker to use blockchain technology to trace the cobalt used in lithium ion batteries used for its electric cars. The company announced last month the launch of its first fully electric car, the XC40 Recharge. The carmaker is providing traceability of raw materials, such as cobalt, used in the production of the batteries used in its cars.