Volvo Group is exploring how blockchain could be used to improve its global supply chain and has already tested a proprietary cryptocurrency built for supplier transactions, according to an Odaily report. The company is examining the technology from the standpoint of business demand rather than experimentation for its own sake. Ivan Branco, head of information management, AI and analytics for Volvo’s logistics business in Belgium, said the evaluation is centered on practical commercial value. The remarks indicate Volvo’s blockchain work is being framed around operational use cases tied to supplier activity, with the company focusing on whether the technology can deliver measurable business benefits inside an existing industrial supply network. No further details on the token’s structure, rollout plan, or broader implementation timeline were disclosed in the brief report.
Volvo Group is exploring the use of blockchain to improve its global supply chain and has tested a proprietary cryptocurrency designed for supplier transactions, according to Odaily.
Ivan Branco, head of information management, AI and analytics for Volvo’s logistics business in Belgium, said the company is assessing blockchain based on business needs, with its attention on practical commercial value.
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