Volvo has tested its proprietary cryptocurrency, exploring the use of blockchain to optimize the supply chain

Golden Finance News reported on July 16, citing U.Today, that Volvo Group is exploring the use of blockchain technology to optimize the global supply chain and has tested a proprietary cryptocurrency designed specifically for supplier transactions. Ivan Branco, head of information management, AI and analytics for Volvo’s logistics business in Belgium, said the company evaluates blockchain technology based on business needs, focusing on its real commercial value rather than leading with purely technical experiments.
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