A joined blockchain project of the US State Department, Coca-Cola and three more companies will be launched. The project aims to create a secure worldwide workers registry.
A global supply-chain transparency organisation, KnowTheChain, released a study which showed that most of food and beverage companies aren’t addressing the forced labor issue adequately.
25 million people
Nearly 25 million people work under forced labor conditions around the world. And 47% of them – in Asia-Pacific region, according to the International Labor Organisation.
The new project will help creating a secure registry for workers, using the blockchain technology. Coca-COla’s head of workplace rights, Brent Wilton, explains:
“We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain.”
Department of State is also optimistic about the project – which is also the first major labor rights project using blockchain.
Deputy Assistant Secretary of the Department of State stated that the platform can help encourage companies to comply with the ethical labor practices.
The platform will be build by the US tech company Bitfury with support of Emercoin.