Volvo Tests Proprietary Cryptocurrency, Explores Blockchain to Optimize Supply Chains

Odaily Planet Daily News: Volvo Group is exploring the use of blockchain technology to optimize global supply chains, having tested a proprietary cryptocurrency designed for supplier transactions. Ivan Branco, Head of Information Management, AI and Analytics for Volvo's logistics operations in Belgium, revealed that the company evaluates blockchain technology based on business needs, with a focus on practical commercial value.