The Cardano Foundation said it has been in discussions with Volvo Group about how blockchain could be used in manufacturing, with supply-chain compliance emerging as a key use case in the conversation. In comments shared by the foundation, Ivan Branco, who works on information management, artificial intelligence and data analytics for Volvo Group’s truck operations in Belgium, said manufacturers can face repeated fines if assembled parts include components sourced from sanctioned countries. A shared ledger across suppliers, he said, could remove trust issues at the source.
Branco also said Volvo had previously created a proprietary cryptocurrency to internally test supplier payment processes. He added that the technology itself is already usable, but organizational culture has not kept pace, calling that gap harder to solve than the technical side. The remarks were shared by the Cardano Foundation in a post discussing blockchain applications in industrial settings.
The Cardano Foundation said it has held talks with automaker Volvo Group on the use of blockchain in manufacturing.
In comments shared by the foundation, Ivan Branco, who is responsible for information management, artificial intelligence and data analytics for Volvo Group’s truck business in Belgium, said supply-chain compliance is one of the most important real-world applications for blockchain.
Branco said manufacturers may face repeated fines if assembled parts contain components from sanctioned countries. A ledger shared among suppliers, he said, could remove trust issues from the start.
He also said Volvo had created a proprietary cryptocurrency for internal testing of supplier payment processes.
According to Branco, the technology is already usable, but the surrounding organizational culture has not caught up, and that problem is harder to solve than the technology itself.
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