Chip off the new block: How blockchain could boost mineral supply chains

• Autores: Industrial Minerals
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 608, 2019 (Ejemplar dedicado a: Marzo)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The company is currently working with Toronto Stock Exchange-listed gold miner Goldcorp Inc and royalty streaming business Wheaton Precious Metals; metals refiner Ocean Partners USA Inc; and Dutch banking group ING Bank, to improve the process of taking concentrates from Goldcorp’s Penasquito mine in Mexico to market. According to Halford-Thompson, MineHub’s technology could also be used for lower-value minerals, including lithium and cobalt, as well as most shipped commodities. Other benefits of using blockchain for miners include enhancing cybersecurity of proprietary and financial data and expanding the number of ways a mining project can be financed by using crypto tokens to represent parcels of yet-to-be-mined mineral ores, creating a liquid market and new pricing indices for pre-production minerals.