Blockchain technology enables several sectors to access a single register that is decentralized, transparent, and by its construction, really tough to hack. In both the US and Europe, companies, NGOs, and public authorities are starting to conceive of ways to apply blockchain technology in the corporate CSR domain. A pilot project led by soft drinks producer Coca-Cola, the US State Department, and Blockchain experts (Blockchain Trust Accelerator, Bitfury Group et Emercoin) is seeking to deploy blockchain technology in the combat against forced labor occurring across Coca-Cola’s sub-contracting company workers (on sugar plantations).
Founded in 2016, Blockchain Trust Accelerator (BTA) is a not-for-profit organization that seeks to harness the financial sector’s prized blockchain technology to deliver a more social impact. “We have had a series of discussions with the US State Department over ways to use blockchain technology to improve labor rights and the State Department suggested approaching Coca-Cola,” Tomicah Tilleman, the BTA Director explained. The soft drinks producer has a longstanding history of trying to...
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