Coca-Cola and U.S. DFA launched blockchain to combat forced labor

Coca-Cola Co., U.S. Department of Foreign Affairs. and two other companies announced the launch of a blockchain's digital ledger technology project to create a secure registry for workers that will help against forced labor around the world. The first major government project on the issue is using blockchain and strengthening technology for social purposes.

Blockchain Trust Accelerator (BTA) says this new effort is meant to create a registry that is safe for workers and contracts using blockchain validation and digital notary capabilities. BTA is a global platform for utilizing blockchain to provide social impact.

Tinuku Coca-Cola and U.S. DFA launched blockchain to combat forced labor

The International Labor Organization reports that at least 25 million people are working around the world in forced conditions and 47 percent of them are in the Asia Pacific region. Food and beverage companies are under pressure to overcome the risk of forced labor. A study released KnowTheChain (KTC) shows most food and beverage companies fail to resolve the issue.

Coca-Cola is one of 10 global companies committed to do 28 state-level studies on child labor, forced labor, and land rights for the sugar supply chain by 2020. U.S. beverage giant said it has been exploring several blockchain projects for more than a year.

"The State Department is very excited to work on this innovative blockchian-based," said Assistant Secretary of U.S. Dept. of Foreign Affairs Scott Busby on Friday.

Blockchain can not force companies or authorities to comply with the employment contract, but create a validated chain of evidence to encourage compliance with the contract. Bitfury Group will build a blockchain platform for this project and Emercoin will provide blockchain services.