Volvo executives: ensure full traceability of the supply chain with blockchain technology

Regarding Volvo's use of blockchain technology to track the source of materials, Martina Buchhauser, senior vice president of procurement for Volvo Car Group, said that with blockchain technology, Volvo can work closely with suppliers to ensure complete traceability of the supply chain and minimize any Related risks. This approach helps build trust among participants in the supply chain. In her opinion, blockchain technology has established a transparent and reliable shared data network, which can greatly improve the transparency of the raw material supply chain, because any changes in the information about the source of raw materials can be monitored.