Coca-Cola will use blockchain digital ledger technology to create a secure registry for workers as part of the strategy to reduce the use of forced labor worldwide.
The U.S. State Department, one of the partners in this global tech project, said this is the government agency’s first major project on this issue using blockchain.
A study released by KnowTheChain (KTC), a partnership founded by U.S.-based Humanity United, said Coca-Cola, one of 10 global companies looked at by KTC, has committed to conduct 28 country-level studies on child labor, forced labor, and land rights for its sugar supply chains by 2020.
“We are partnering with the pilot of this project to increase transparency and efficiency of the verification process related to labor policies within our supply chain,” Brent Wilton, the company’s global head of workplace rights, said in an email to Reuters.
The new technology venture will create a secure registry for workers and their contracts using blockchain’s validation and digital notary capabilities, said Blockchain Trust Accelerator (BTA), a non-profit organization involved in the project. BTA is a global platform for harnessing blockchain to deliver social impact.
The Bitfury Group, a U.S. tech company, will build the blockchain platform for this project, while Emercoin will provide blockchain services as well, Bitfury chief executive Valery Vavilov and Emercoin chief technology officer Oleg Khovayko said.