In a world where many of us depend every day on our smartphones, tablets and laptops, it’s fair to say that there’s a huge reliance on minerals such as tin, tungsten, tantalum and gold (3TG). In some cases, minerals are sourced from conflict zones – so-called Conflict Minerals – where people, including children, are forced to work in dangerous mining conditions, whilst the money obtained for supplying such minerals goes towards buying arms, only further fuelling conflict. For children trapped in these conditions, it’s more than a bit ironic to say that technology is an enabler that helps people improve their situation and living conditions.
You can hardly turn on the radio or read a newspaper these days without something being said about blockchain. It almost seems that everybody is talking about blockchain technology or bitcoin in one form or another. At ChainPoint we have our own interest in blockchain as well, since it has been stated that blockchain can potentially assist with traceability and transparency in supply chains. Recently we’ve been doing our own research into the use of blockchain technology for supply chains, and, so far, we’ve found both benefits and downsides to using blockchain, which we’d like to share with you.
A few weeks ago, ChainPoint attended the World Cocoa Foundation Partnership Meeting in Washington DC. At this event we showcased our work we do with our client Tony’s Chocolonely.
During this meeting many actors from the cocoa supply chain, farmers, traders, exporters, producers and brand owners, joined the conversation on how to improve the cocoa industry for people, planet and profit.