Beverage giant Coca-Cola, the US State Department and three other companies have teamed up to launch a project that will use blockchain technology to create a secure record of workers worldwide, Reuters reported. According to the Organization, approximately 25 million people worldwide are in forced labour; 50 percent of these people live in the Asia-Pacific region.
With the project, the verification and digital notary features of Blockchain technology will be used to create a secure record for workers and their contracts.
Coca-Cola’ “We are collaborating with the pilot of this project to further increase the transparency and efficiency of the verification process regarding workforce policies in our supply chain,” said Brent Wilton, director of the company.
On the other hand, the US State Department said that this is their first major worker rights project using Blockchain. The ministry sees blockchain as a useful tool for social development. Blockchain services will be provided by Emercoin, while US technology company Bitfury Group will build the Blockchain platform for the project.