• Volvo experimented with its own blockchain token for payments to suppliers and logistics coordination.
• This initiative intends to ease the process of transactions with various supply chain partners.
• According to Volvo, business value rather than cryptocurrency speculation is what drives enterprise blockchain adoption.

Blockchain technology continues to grow outside the realms of the financial markets. As leading companies look into ways to resolve their problems within the complex global supply chain system. Specifically, Volvo Group announced trials using its own cryptocurrency aimed at easing the process of payments and coordinating activities. 

Information management, artificial intelligence, and analytics director at…