Russia’s NorNickel adopts blockchain for supply chain management

By Vladimir Kozlov in Moscow January 25, 2021 As more and more global companies adopt corporate blockchain solutions, Norilsk Nickel (NorNickel), the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has announced it is joining the Responsible Sourcing Blockchain Network (RSBN), a network aimed at supporting responsible sourcing and production practices from mine to market. According to NorNickel, the move to join RSBN follows the announcement of the company’s broader strategy to utilise sophisticated digital technologies to create a customer-centric supply chain. The strategy would encompass metal-backed tokens on the global Atomyze platform, a tokenisation platform that represents physical assets in digital form. Both the Atomyze and RSBN platforms were developed by leveraging Hyperledger technology, with the participation of IBM. “As one of the largest industry groups globally and the producer of the minerals essential for the transition to a carbon-free world, NorNickel is well aware of its responsibility to make the metals supply chains sustainable and highly transparent,” Anton Berlin, NorNickel’s vice-president for sales and distribution, said in a press release. “We believe that the digital technologies of RSBN and Atomyze will create the path for NorNickel and its partners to participate in a… continue reading

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Source: CTRM Center

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