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LONDON, Feb 8 (Reuters) – An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to toxic pollution.

The system will set global standards and give confidence to consumers demanding sustainable products, two of the organisers told Reuters ahead of an official announcement on Tuesday.

The Circular System for Assessing Rare Earth Sustainability or CSyARES is due to be ready in about three years, the Rare Earth Industry Association (REIA) and Dutch supply chain traceability firm Circularise said.

Read more at: Blockchain rare earth scheme to certify sustainable output for EVs | Reuters