Volvo has tested its proprietary encrypted currency to explore the use of block chains to optimize the supply chain

On 16 July, U. Today reported that the Volvo Group was exploring the use of block-chain technology to optimize global supply chains and had tested a uniquely encrypted currency designed for supplier transactions. Ivan Branco, Director of Information Management, AI and Analysis of Logistics Operations in Belgium in Volvo, revealed that the company assesses block-chain technology from the perspective of business needs, focusing on its real commercial value rather than on technology prior experiments。