Blockchain to combat forced labour
20 March, 2018, 12:00 am
NEW YORK – Coca-Cola Co and the US State Department with two other companies said they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that will help fight the use of forced labour worldwide.
The State Department said this was the government agency’s first major project on this issue using blockchain, reinforcing the technology’s growing application for social causes.
According to the ILO, nearly 25 million people work in forced-labour conditions worldwide, with 47 per cent of them in the Asia-Pacific region.
Food and beverage companies are under pressure to address the risk of forced labour in countries where they obtain sugar cane. A study released last year by KnowTheChain, a partnership founded by US-based Humanity United, showed that most food and beverage companies fall short in their efforts to solve the problem.