Coca-Cola Co. has joined with the U.S. State Department to launch a project using blockchain technology to fight against forced labor globally. U.S. tech company Bitfury Group, Emercoin and Blockchain Trust Accelerator or BTA, a non-profit organization, are also involved in the project.
Reuters reported that the project, using digital ledger technology or DLT, will create a secure, decentralized registry for workers and their contracts.
The move reflects the government agency’s first major project using blockchain, while the beverage giant said it has been exploring multiple blockchain projects for more than a year.
Coca-Cola’s global head of workplace rights Brent Wilton said, “We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain.”
In the project, the State Department reportedly will provide expertise on labor protection, Bitfury will build the blockchain platform, and Emercoin will provide blockchain services.
Worldwide, nearly 25 million people work in forced-labor conditions, with 47 percent of them in the Asia-Pacific region, according to the International Labor Organization.
Coca-Cola reportedly has committed to conduct 28 country-level studies by 2020 on issues including child labor, forced labor, and land rights for its sugar supply chains.
by RTT Staff Writer
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