At the moment Rio Tinto, one of many world’s largest steel and mining corporations, unveiled START, a brand new blockchain sustainability resolution.
Rio Tinto positions START as like a vitamin label on meals, however as an alternative for aluminum. The purpose is to supply traceability and the power for finish shoppers to see how responsibly and sustainably the steel is sourced.
“START is a major step ahead for the aluminium business as the primary providing of this sort, setting a brand new normal on transparency, traceability and accountable manufacturing from mine to market,” mentioned Rio Tinto Aluminium CEO Alf Barrios.
“Our imaginative and prescient is that our prospects can showcase the sustainability of the aluminium they buy from Rio Tinto to their shoppers, delivering full worth from our accountable manufacturing.”
The sustainability label is now obtainable on all Rio Tinto aluminium gross sales and the agency is providing a sustainability advisory service.
Whereas that is the primary initiative from a single mining firm, a number of mining sustainability initiatives are underway. One of many benefits of going it alone is usually the power to maneuver sooner.
The World Financial Discussion board has its Mining and Metals Blockchain Initiative (MMBI) which not too long ago launched a Carbon Tracing Platform. Members embrace Anglo American, Glencore, Tata Metal and others.
Startup Circulor is working with Mercedes and Volvo to trace carbon footprints. And IBM has its Responsible Sourcing Blockchain Network which additionally consists of Volvo, Glencore and others.
This text shall be up to date with extra element later.
