RCS Global, a leader in data-driven responsible sourcing, teamed up with IBM to create the Responsible Sourcing Blockchain Network. The IBM Blockchain platform provides the foundation for a network of validated companies that can trade and exchange information directly with each other on the blockchain, building trust among companies as they trace minerals through the supply chain. The blockchain provides a trusted and secure environment that leads to greater efficiency and reduces audit costs that companies would otherwise have to carry themselves.
“The implementation of blockchain in responsible sourcing is a game-changer … it builds trust in amongst companies where previous there was not,” explains Dr. Nicholas Garrett, Group Chief Executive Officer, RCS Global Group.