Coca-Cola Utilizes "Block Chain" Technology to Eliminate Forced Labor Problems

ByMarco Verch

Coca-Cola in the United States, the US Department of State and several private companies are used in virtual currency transactions to solve the "labor's forced labor problem" which is often a problem in the beverage industryBlock chainIt is clear that we will set up a project to build a mechanism to ensure workers are registered by.

Coca-Cola, U.S. State Dept to use blockchain to combat forced labor
https://www.reuters.com/article/us-blockchain-coca-cola-labor/coca-cola-u-s-state-dept-to-use-blockchain-to-combat-forced-labor-idUSKCN1GS2PY

According to the International Labor Organization (ILO), around 25 million people worldwide are being forced to work, and 47% of them are concentrated in the Asia-Pacific region. In these areas, sugar cane, a raw material of sugar used for food and beverages, is produced, and food and beverage companies have been pressured to tackle forced labor problems in sugar cane producing countries so far.

To clarify the actual situation of forced labor in the global supply chainKnowTheChainAnnounced the results of survey that in 2017 most of food and beverage companies could not cope with forced labor problems adequately. The report says that Coca-Cola is included in its top ten companies and shows a commitment to investigate issues such as child labor, forced labor and land ownership in 28 regions .

ByChris Nielsen

According to Coca-Cola, the company has been using multiple block chain technology projects over the past year or more. At the company, Brent Wilson, who oversees the division on rights at work, to Reuters, "By participating in the implementation of this project, the transparency and efficiency of the labor policy certification process in our supply chain I want to raise it further ".

According to the Blockchain Trust Accelerator (BTA), a non-profit organization that participates in the project, this work utilizes the block chain verification function and digital notarization function to secure workers and their contracts securely It is aiming to construct a mechanism to do. The Department of State also provides a policy to provide advice on protecting workers. Scott Mr. Busbie, Deputy Assistant Secretary of State, said, "The Department of State is happy to cooperate with this innovative block chain approach," he replies to Reuters. In addition, Mr. Busby says that although block chains themselves can not compel companies and related organizations to comply with labor contracts, they will be able to encourage compliance by creating a chain of evidence.

According to the State Department, this time it is the first time to utilize block chains in major work on rights of workers. Also, this project is one of the world's leading providers of block chain technologyBitfury GroupParticipated, built a block chain platform for this project,EmercoinIt is supposed to provide block chain service.

ByMike Mozart