Forced labour, modern slavery and human trafficking is a global problem and according to the International Labour Organisation, there are approximately 25 million people who are victims of forced labour. In a recent announcement, Coca-Cola Co, the U.S. State Department and, two other companies are launching a project using blockchain technology to create a secure registry for workers that will help in the fight against the use of forced labour worldwide.
Food and beverage companies need to address the risk of forced labour in the countries where they purchase sugarcane. According to Reuters, A study released last year by KnowTheChain (KTC), showed that most F&B companies fall short in this area.
The Bitfury Group, will build the blockchain platform for this project, while Emercoin will provide blockchain services. Read the full article here
Blockchain technology continues to gain in popularity as more industries get involved. From Shipping and Supply Chain to Vehicle manufacturers and IoT, the “Internet of Things”.
Read more: Porsche Racing to the Blockchain
Read more: Walmart “Smart Shipping” and the Blockchain
Read more: IoT and Blockchain, a Match made in Heaven
Download the free Bit-Media App from the Google Play or Apple stores.
Click below and get your FREE BIT-MEDIA APP
Please leave your questions and comments below:
Introducing you to the Embedded Vault
Turn your computer into a secure, encrypted hardware device
Download Embedded Vault here
What is EOT – Encryption of Things?