Woofun AI reports that Volvo Group is testing a proprietary cryptocurrency on a private blockchain network to optimize transactions and data exchange with material suppliers and transportation providers. Ivan Branco, Head of Information Management, AI, and Analytics for the truck operating department, stated that this internal exploration aims to facilitate cross-border payments by bypassing traditional monetary systems while maintaining immutable records of orders and shipping data. This initiative supports the broader goal of enhancing supply chain efficiency through blockchain technology, though the project remains in the conceptual stage without industrial implementation.