We live in an economy that supplies us with an enormous amount of products, but it can be hard to figure out where they all come from. The supply chains that exist for products like smartphones or electric cars are unbelievably complex. Ford Motor Company is teaming up with a group of companies, including IBM, to create a blockchain-based platform that will allow a much higher degree of oversight for their cobalt supply.
There are a handful of obscure metals which make modern technology possible. In addition to Rare Earth Elements (REEs), minor metals like vanadium, lithium and cobalt are being used in far greater quantities. Most of the cobalt that is mined today comes from the Democratic Republic of the Congo (DRC).