Blockchain tech cannot verify chemical purity, it's not a chemical tech.
Blockchains can record results from chemical purity tests, but if there's an error in the result or at the data entry stage, the blockchain will need to have it's contents amended to the correct figures. It will be more expensive to operate than a regular database, and will have the same accuracy (as there won't be multiple independent assessors to test the metal samples).
In other words, this is a terrible application for blockchain tech.
Topic: [2018-03-08]BMW to Implement Blockchain Tech to Verify Clean Cobalt (Read 104 times)
March 13, 2018, 06:54:58 AM
German automobile company BMW plans to install Blockchain into its business. It is now cooperating with English start-up Circulor, whose CEO informed that the main purpose of this teamwork is to confirm that batteries for electric vehicles, produced by BMW, will contain only clean cobalt.
“We believe it makes economic sense to start with sources that aren’t a problem,” Circulor CEO Douglas Johnson-Poensgen told Reuters in an interview.
“Once the system is proven and operating at scale, one can tackle the harder use cases like artisanal mines.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bmw-to-implement-blockchain-tech/
“We believe it makes economic sense to start with sources that aren’t a problem,” Circulor CEO Douglas Johnson-Poensgen told Reuters in an interview.
“Once the system is proven and operating at scale, one can tackle the harder use cases like artisanal mines.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bmw-to-implement-blockchain-tech/
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