Goldcorp, ING Bank, Kutcho Copper, Ocean Partners and Wheaton Precious Metals Collaborate with MineHub on Industry-Wide Approach to Enhance Efficiency in Mining VANCOUVER, British Columbia and ARMONK, N.Y., Jan. 16, 2019 /PRNewswire/ — MineHub Technologies, Inc. (“MineHub”) and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain — from mine to end buyer. Goldcorp Inc. (TSX: G), ING Bank (NYSE: ING), Kutcho Copper Corp. (TSXV: KC), Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (TSX: WPM) are working with mining technology company MineHub to build the new mining supply chain solution on top of the IBM Blockchain Platform. The $1.8 trillion* global mining and metals market has traditionally suffered from inefficiencies due to manual, paper-based processes and a lack of transparency between supply chain participants. Blockchain technology helps address this by providing a shared ledger to create a single, real time view of transactions and data across the supply chain that can be seen by all permissioned participants. Each of the participating companies represent key areas of the supply chain from mining, streaming, trade and finance. “We are delighted to be working with some of the most forward thinking and… continue reading
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Source: CTRM Center