trending Market Intelligence /marketintelligence/en/news-insights/trending/yhynafyalaohfvjl5sef9a2 content esgSubNav
In This List

Coca-Cola, State Department to launch blockchain-based registry for workers

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Coca-Cola, State Department to launch blockchain-based registry for workers

Coca-Cola Co. and the U.S. State Department are working on a blockchain-based global registry for workers to help fight the use of forced labor worldwide, Reuters reported March 17.

The two, along with nonprofit organization Block Chain Accelerator, U.S. tech company Bitfury USA Inc. and blockchain platform Emercoin, seek to create a secure registry for workers and their contracts using blockchain's digital ledger technology.

In an email to the news wire, Brent Wilton, Coca-Cola's global head of workplace rights, said that the partnership will improve the transparency and verification process related to labor policies in its supply chain.

The project comes as companies in the food and beverage sector are being pressured to tackle forced labor conditions in territories where they source sugarcane, according to the report.