Zeros

Volvo's Quiet Bet: A Closed-Loop Currency for an Uncertain Supply Chain Volvo did not launch a digital currency this week, exactly , and that distinction is the whole story. What Volvo Group — the trucks, buses, and construction equipment arm, headquartered in Belgium for logistics purposes — actually confirmed is narrower and, frankly , more interesting: a closed-loop proprietary token, built to settle payments between material suppliers, transport providers, and Volvo itself. No exchange listing. No retail speculation . Just a permissioned ledger doing the unglamorous work of making a supply chain talk to itself. Ivan Branco, who runs information management and analytics for that division, described it as a coordination layer more than a currency — one token replacing a tangle of payment arrangements, with the ledger itself carrying the record of who did what, when, and where . Volvo has been here before, in a smaller way , tracking cobalt sourcing on blockchain...