Evaluating only CobaltChain’s profile at its peak — without knowing the outcome — the model ranked Regulation as the #1 likely cause. Documented cause: No market fit.
Key Events Timeline
FOUNDING
CobaltChain founded in Singapore to blockchain-trace cobalt from DRC artisanal mines to EV batteries.
PRODUCT LAUNCH
Samsung SDI and LG Energy signed as pilot partners; CBLT token launched on exchange.
CBLT token lost 91% of value in 2022 crypto crash; founder Jason Lim announced dissolution.
Full Analysis
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Documented cause
CobaltChain raised $15M to tokenize cobalt supply chain provenance from DRC mines to EV battery manufacturers using blockchain. The project attracted Samsung SDI and LG Energy as pilot partners in 2020. By 2021, DRC artisanal mining cooperatives refused adoption due to privacy concerns over GPS tracking. Simultaneously the crypto bear market of 2022 cratered token utility and the CBLT token lost 91% of value by June 2022. Founder Jason Lim announced dissolution in September 2022.
Lesson
“Supply chain blockchain requires consent from every node, including the most vulnerable participants.”