October 30, 2020

Blockchain Trust Accelerator announces the launch of a blockchain project to combat forced labor with The Coca-Cola Company and the US Department of State

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Bitfury Group and Emercoin provide blockchain technology for the project.

Austin, March 19, 2018 - Blockchain Trust Accelerator (BTA) announced the launch of a joint blockchain project with The Coca-Cola Company, US Department of State, Bitfury Group and Emercoin. The goal is the fight against forced labor in the supply chain.

The project was first presented by BTA at the conference.SXSW, its main purpose is to create a secure digital registry for company employees and their contracts. The registry uses information validation using the blockchain and the functionality of a digital notary. Although blockchain technologies are not able to force companies to adhere to the terms of contracts concluded with employees, they allow the creation of chains of confirmed data that contribute to compliance with the terms of contracts and can be used for successful enforcement measures. The pilot project will help The Coca-Cola Company study recruiting risks associated with the exchange of labor contracts, as well as increase transparency and tighten control over suppliers' compliance with company policies in accordance with the rules of The Coca-Cola Company Supplier Guiding Principles.

“We are pleased to participate in the most importanta blockchain project that we believe will help protect workers' rights and has great potential to improve working conditions around the world, ”said Tomika Tilleman, co-founder of BTA.

Valery Vavilov, CEO of Bitfury Group, said the pilot project underscores Bitfury’s main goal - using the blockchain to improve the quality of life for people around the world.

“This project helps Bitfury Group realize its main mission - to develop blockchain solutions that can improve systems and services for millions of people,” said Vavilov.

About Blockchain Trust Accelerator

Blockchain Trust Accelerator (BTA) - LeadingBlockchain’s international platform for social impact. Founded in 2016, BTA brings together governments, technologists, civil society organizations, and philanthropists to create pilot projects using Blockchain that benefit the community. BTA projects and research contribute to accountability, transparency, empowerment and confidence in key institutions. BTA is a project of the non-profit organization New America, managed in collaboration with the Bitfury Group and the National Democratic Institute with the support of the Rockefeller Foundation.

About the multidisciplinary blockchain company Bitfury Group

Bitfury Group - Leading Multipurposeblockchain company and one of the largest infrastructure providers in the Blockchain ecosystem. The Bitfury Group develops the software and hardware necessary for businesses, governments, non-profit organizations and individuals to work safely with the blockchain. The experience of the Bitfury Group provides efficient, easy, fast, safe and cost-effective work with Blockchain. Bitfury Group is an international team of experts in technology, business, communications, security and civil society.

About Emercoin

Emercoin is the new leader in secure,Blockchain-based distributed business services. The interaction of Blockchain technologies gives us a holistic view that allows us to solve problems both in the real world and in the virtual one. And this is what Emercoin (EMC) does. Emercoin introduces a new type of Blockchain that offers a wide range of services and solutions in various fields.

Blockchain Trust Accelerator announces the launch of a blockchain project to combat forced labor with The Coca-Cola Company and the US Department of State