The World Economic Forum’s Mining and Metals Blockchain Initiative (“MMBI”), released a proof of concept that uses distributed ledger technology to track embedded greenhouse gas emissions.
A collaboration between seven leading industry players and the World Economic Forum, the initiative has hit an important stage of development following its launch in October 2019.
The successful completion of the proof of concept, named the COT, a Carbon Tracing Platform will be critical in helping to ensure traceability of emissions from mine to the final product. With a focus on end-to-end traceability, the COT platform uses distributed ledger technology to track CO2 emissions.
The founding members of the MMBI – Anglo American, Antofagasta Minerals, Eurasian Resources Group, Glencore, Klöckner & Co, Minsur, and Tata Steel joined forces in October 2019 to design and explore blockchain solutions to accelerate responsible sourcing in the industry. By pooling resources and costs, the mining and metals companies aim to accelerate future adoption of a solution for supply chain visibility and ESG requirements.
Developed in collaboration with industry experts, supported by the Dutch blockchain champion Kryha and Consortium Advisor Susan Joseph, it not only tests the technological feasibility of the solution, but also explores the complexities of the supply chain dynamics and sets requirements for future data utilization. In doing so, the proof of concept responds to demands from stakeholders to create “mine to market” visibility and accountability.
“There is an increasing demand for metals and minerals, and an increasing demand for sustainable and responsible and traceable supply chains,” said Jörgen Sandström, Head of Mining and Metals Industry, World Economic Forum. “There is a potential to create a full value chain view with downstream visibility, and in partnering with regulators and aligning our work with robust ESG standards, sustainability certification schemes and assurance frameworks.”
This work lays the foundation for the next phase of the development and reinforces comprehensive feedback sessions with stakeholders. It also supports the MMBI vision to enable emissions traceability throughout complex supply chains and to create “mine to market” visibility and accountability.
“The distributed nature of blockchain technology enables cross-enterprise collaboration and makes it the ultimate networked technology, said Nadia Hewett, Blockchain Project Lead, World Economic Forum. “This opens exciting new possibilities that organizations otherwise would not have the capability to deliver on their own.”
Quotes from the industry:
“We are committed to solving the physical challenges of mining and creating value for all stakeholders as defined in our sustainable mining plan” said Peter Whitcutt, Marketing CEO of Anglo American “By leveraging cross-industry collaboration and the increasingly important role played by technology innovation, MMBI’s Proof of Concept can help to unlock the potential of blockchain to support a greater level of reporting transparency and drive responsible sourcing.”
“This collaboration and practical development of the Proof of Concept shows us how we can collaborate through new technologies such as blockchain to increase value across the supply chain. Working within MMBI allows us to innovate together by creating the beginnings of a new technical foundation to meet consumer trust, reduce risk, and offers new opportunities”, said Ivan Arriagada, CEO of Antofagasta Minerals.
Eurasian Resources Group (ERG):
Commenting on the announcement, Benedikt Sobotka, CEO of Eurasian Resources Group and Co-Chair of the Global Battery Alliance, said: “We believe that enhanced collaboration around blockchain technology is necessary to improve supply chain transparency and reporting on carbon emissions. The MMBI’s custom-built blockchain solution will allow customers to verify the environmental impact of the products they use, and we are excited to have entered the next phase of the platform’s development.”
Klöckner & Co:
“We are seeing collaboration in action by MMBI creating the first Proof of Concept using blockchain technology to help securely track, record and monitor emissions data throughout value chains. This is a great step for forward thinking companies to practically address a sustainable future,” said Gisbert Rühl, CEO of Klöckner & Co.
Tata Steel Limited:
“As a responsible corporate, Tata Steel welcomes the opportunity to collaborate and create a sustainable future. MMBI’s Proof of Concept is a first practical step to create a solution facilitated by blockchain technology to reduce emissions and conserve the environment,” said T V Narendran, CEO & MD of Tata Steel Limited.
Ensuring a More Inclusive Future for Indonesia through Digital Technologies
While Indonesia has one of the fastest growing digital economies in South East Asia, action is needed to ensure that all Indonesians, especially the most vulnerable, can access various digital technologies and services and realize the benefits, according to a new World Bank report ‘Beyond Unicorns: Harnessing Digital Technologies for Inclusion in Indonesia’.
Although the accelerated adoption of internet-enabled services during the pandemic is likely to boost the growth of the digital economy, the benefits of such development could be unequal.
“There are a whole host of opportunities to use digital technologies for promoting better healthcare delivery, and improving access among the underserved but these need to be built on a base of reliable and interoperable data systems,” said Minister of Health of the Republic of Indonesia, Budi Gunadi Sadikin. “The pandemic has generated an unprecedented urgency to make this a reality and has also created a momentum to expedite adoption of digital technologies.”
For Indonesia to leverage digital technologies for greater inclusion, the new report emphasizes three policy priorities. The first is to boost digital connectivity and universalize access to high quality internet through efforts such as improving clarity of regulations around the sharing of telecom infrastructure. The second priority is to ensure that the digital economy works for all. This can be supported by better logistics and greater investment in relevant skills for the digital era. The third priority is using digital technologies to provide better public services, improve the quality of citizen-and-state interactions, and build trust in the digital world.
Despite the progress in expanding internet over the past decade, the basic connectivity gap remains a major hurdle in Indonesia. Almost half of the adult population is still without access while the urban-rural connectivity divide has not narrowed. In 2019, 62 percent of Indonesian adults in urban areas were connected to the internet compared to 36 percent in rural areas, while it was 20 percent and 6 percent respectively in 2011. Indonesians in the top 10 percent of the income distribution were five times more likely to be connected than those in the bottom 10 percent.
“Addressing the digital divide goes beyond efforts to reduce the connectivity gap,” said Satu Kahkonen, World Bank Country Director for Indonesia and Timor-Leste.“It will be crucial to help citizens develop the skills to maximize digital opportunities, especially for better jobs. At the same time, it is equally important for the government to address the challenges related to regulations and business environment to enable firms to innovate and compete effectively.”
The proportion of Indonesian adults with access to the internet has increased from 13 percent in 2011 to 51 percent in 2019. Indonesians who are connected to the internet are among the most engaged populations in the world spending as many as six hours a day online. In addition, a large segment of this population is ready to intensify their digital interactions with the government. However, fragmentation of data and an untapped potential of building a comprehensive digital ID framework off the existing ID system are some of the key challenges holding back the government from a broader digital transformation.
Digitally engaged Indonesians are now experiencing how technologies reshape their lives and commercial activities contributing to better consumer experience. However, the opportunities are often limited to a particular demographic group with relatively higher level of skills. Digital gig work is more remunerative than other forms of informal work but is concentrated among urban male workers predominantly in the transportation, storage, and communications sector.
The report recommends the development of a national digital ID framework to enable Indonesians to prove their identity securely online, including a law on personal data protection that is backed by an independent oversight body. It calls for a reorientation from a narrow focus on e-government to a more comprehensive national digital transformation agenda.
WEF Launches Coalition to Tackle Harmful Online Content
The World Economic Forum announced today that it is launching a Global Coalition for Digital Safety which will accelerate public-private cooperation to tackle harmful content online. It will serve to exchange best practices for new online safety regulation, take coordinated action to reduce the risk of online harms, and drive collaboration on programmes to enhance digital media literacy. The full list of members can be found here.
With the growing challenge of health misinformation, violent extremist and terrorist content, and the exploitation and abuse of children online, there is an urgent need for more deliberate global coordination to improve digital safety.
“The Forum recognizes this problem is only growing in size and complexity. This Coalition serves to bring together leaders in the public and private sector to cooperate globally on solutions that will ultimately reduce the consumption and distribution of material that is causing harm – especially to vulnerable members of our population,” said Cathy Li, Head of Media, Entertainment, and Sport Industries at the Forum.
Coalition members highlighted the need to act more proactively when it comes to digital safety and the importance of further cooperation:
“All the processes of the modern world are connected to the internet and information technologies. But at the same time, when we speak about high-tech processes, ‘digitalization’, we always know about the main goal – to create a safe online environment for our citizens. Therefore, the global initiative to create purposeful cooperation between states, organizations and businesses is extremely relevant.”
H.E. Mykhailo Fedorov, Deputy Prime Minister and Minister of Digital Transformation, Ukraine
“In order to improve digital safety, it is imperative that we accelerate public-private cooperation. This is an area that the World Economic Forum’s Global Coalition for Digital Safety, as an impartial platform, can look into.”
H.E. Johnny G. Plate,Minister of Communications and Informatics, Indonesia
“The significance of national and international collaboration, multistakeholder engagement and investment in holistic solutions to address the proliferation of global online harms has never been more important. I am so pleased to be part of the World Economic Forum’s Digital Content Safety initiative and to have an opportunity to raise awareness about eSafety’s multifaceted approach to helping our citizens have safer, more positive experiences online. Securing harmonization across jurisdictions to avoid a patchwork and fragmentation of online safety legislation, governance arrangements and national online safety measures should be a priority for us all.”
Julie Inman Grant, eSafety Commissioner, Australia
“Global online safety is a collective goal that must be addressed by working across borders as well as by individual nations. We look forward to collaborating with international Coalition members to reduce the risk of online harms and build a safer life online for everyone.”
Dame Melanie Dawes, Chief Executive, Ofcom, UK
“We believe that everyone should be free to share without harassment or abuse.”
Chris Priebe, Executive Chairman, Two Hat Security
“Technology offers tools to learn, play, connect, and contribute to solving some of the world’s greatest challenges. But digital safety harms remain a threat to these possibilities. As the World Economic Forum is uniquely positioned to accelerate the public-private collaboration needed to advance digital safety globally, Microsoft is eager to participate and help build whole-of-society solutions to this whole-of-society problem.”
Courtney Gregoire, Chief Digital Safety Officer, Microsoft
A framework proposed in the new report, Advancing Digital Safety, will serve to better protect users online. It is centred on industry standards, which establish a safety baseline, together with regulation to govern enforcement. Coalition members are committed to charting a course that will resolve key tensions in privacy, safety, expression, business incentives and corporate versus public responsibility to effectively minimize the risk of harms encountered online.
How digitalization helps Moscow and its citizens
The unified digital register, an electronic system of interdepartmental interaction, provides departments with access to more than 390 types of documents – certificates, statements and other information needed to provide city services to residents.
The system allows citizens to avoid wasting time collecting a number of documents themselves. Government employees responsible for providing services can receive and process information more quickly.
“Creation and development of the base register allowed Moscow to transfer many state services into electronic form, including services related to construction and realty spheres, where several authorities and organizations are involved. In addition, the electronic interdepartmental interaction helps the staff of “My Documents” centers to provide services to citizens and solve their problems more quickly. Almost all the necessary information is acquired electronically from each other, so that residents do not have to collect certificates and statements themselves. According to the statistics of the Moscow City Information Technologies Department, over the past 10 years, this system has saved Moscow citizens from having to submit more than 400 million documents,” said Eduard Lysenko, Minister of the Moscow City Government, Head of the Information Technologies Department.
Today, the mos.ru website gives users access to a full range of services needed by citizens in certain life situations, such as the birth of a child or purchase of a car. The first service on the mos.ru portal was the “Relocation help under the Renovation Programme” service. At the moment, it offers interactive instructions, notification service for all stages of moving and a service to call movers who will help move things to a new flat.
In the future, the city will continue to develop the mos.ru portal services so that residents will be obligated to visit authorities in person and present original documents as rarely as possible.
Green Hotel Investments to #RestartTourism
Destination Capital (DC) has signed a collaborative arrangement with the World Tourism Organization (UNWTO) of the United Nations to support...
Half a Decade On – Reflecting on Russia’s Unsung Successes
In 2016, as the incoming World Bank lead economist for Russia, I started writing about Russian economic issues. It is...
India’s Opportunity to Become a Global Manufacturing Hub
Beyond the unprecedented health impact, the COVID‑19 pandemic has been catastrophic for the global economy and businesses and is disrupting...
IRENA and the ESA Agree to Advance Energy Transition in Space Activities
The International Renewable Energy Agency (IRENA) and the European Space Agency (ESA) signed a Memorandum of Understanding (MoU) today to...
The Allure Of Winning
The Tokyo 2021 Olympics are in full swing a year off schedule, and still marred by the Covid menace. The...
Why climate science is key to protecting people and planet
This week, scientists and representatives from 195 countries are gathered at the 54th Session of the Intergovernmental Panel on Climate...
Hungary: Reforms to raise productivity would strengthen recovery from COVID-19
Hungary’s economy is emerging from the crisis caused by COVID-19, yet sustaining the country’s robust pre-pandemic levels of growth will...
Defense3 days ago
The Future of The Quadrilateral Security Dialogue (the QUAD) Grouping Explained
Green Planet3 days ago
Wildfires in Turkish tourist regions are the highest recorded
South Asia3 days ago
India’s North East: A cauldron of resentment
South Asia2 days ago
Why Strategies of Stakeholders in Afghanistan Failing Against Taliban?
East Asia2 days ago
Belt & Road ABCs: Analysis of “One Belt – One Road” initiative
Development3 days ago
Moscow is in the Top7 Intelligent Communities in the world
Africa2 days ago
Russia and China: Geopolitical Rivals and Competitors in Africa
Health & Wellness2 days ago
Delta variant, a warning the COVID-19 virus is getting ‘fitter and faster’