{"id":1144081,"date":"2019-10-15T17:28:33","date_gmt":"2019-10-15T22:28:33","guid":{"rendered":"https:\/\/www.mining.com\/?p=1004485"},"modified":"2019-10-15T17:28:33","modified_gmt":"2019-10-15T22:28:33","slug":"minehubs-blockchain-based-mining-and-metals-technology-platform-goes-live","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1144081","title":{"rendered":"MineHub\u2019s blockchain-based mining and metals technology platform goes live"},"content":{"rendered":"<p>Vancouver-based&nbsp;MineHub&nbsp;Technologies announced Tuesday the launch of its&nbsp;technology platform, designed to improve efficiency in trading operations and environmental and social governance (ESG) compliance in mining and metals supply chains.&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The&nbsp;MineHub&nbsp;platform is now&nbsp;live,&nbsp;and&nbsp;is built on the IBM Blockchain platform using the open-source Hyperledger Fabric standards.&nbsp;Using secure blockchain technology ensures privacy, transparency and traceability via a real-time flow of information and products along the entire supply chain\u2014from mine to market, the tech company said.&nbsp;&nbsp;<\/p>\n<p>MineHub\u00a0has been <a href=\"https:\/\/www.mining.com\/minehub-ibm-introduce-global-mining-metals-supply-chain-solution-blockchain\/\"  rel=\"noreferrer noopener\" aria-label=\"working in collaboration with IBM (opens in a new tab)\">working in collaboration with IBM<\/a> (Link to\u00a0January,\u00a0ING\u00a0Group (NYSE: ING), Wheaton Precious Metals, Ocean Partners USA,\u00a0Kutcho\u00a0Copper (TSXV: KC), Capstone Mining (TSX:CS) and White &amp; Case LLP.\u00a0Each of the participating companies represent key areas of the supply chain from mining, streaming, trade and finance.\u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> The $1.8 trillion global mining and metals market has traditionally suffered from inefficiencies due to manual processes and a lack of transparency among supply chain participants <\/p>\n<\/blockquote>\n<\/figure>\n<p>Initial usage and transactions with consortium members are anticipated to start within the next few weeks as well as the addition of new industry participants to the platform, the company said.&nbsp;MineHub\u2019s&nbsp;first release enables miners to capture mineral production and digital contracts with buyers, streamline the post-trade operations, financing and logistics. <\/p>\n<p>The&nbsp;MineHub&nbsp;platform can be used by a wide variety of company types and sizes including SME and large corporate miners, trading houses, financial institutions, alternative financiers, streamers, logistics companies and assayers.&nbsp;&nbsp;<\/p>\n<p>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 among supply chain participants,&nbsp;MineHub&nbsp;said.&nbsp;&nbsp;By digitizing the supply chain, increasing levels of automation and providing greater traceability,&nbsp;MineHub&nbsp;&nbsp;says it expects platform users are expected to be able to streamline their operations, improve profit margins and contribute to sustainable supply chains and responsible sourcing.&nbsp;<\/p>\n<p>&nbsp;\u201cBy providing an immutable record of transactions,&nbsp;MineHub&nbsp;is already helping its members streamline operations, improve key process efficiencies, and bring a new level of trust and transparency,\u201d&nbsp;Manish Chawla,&nbsp;managing&nbsp;director,&nbsp;IBM Energy &amp; Natural Resources said. \u201cWe anticipate considerable reduction in disputes on assays and logistics events by automating the capture of mineral provenance data. This is an exciting advancement that will pave the way for traceability reporting as well.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MinHub is working with IBM, ING Group, Wheaton Precious Metals, and other companies key to mining, streaming, trade and finance.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[624,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1144081"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1144081"}],"version-history":[{"count":6,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1144081\/revisions"}],"predecessor-version":[{"id":1144100,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1144081\/revisions\/1144100"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1144081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1144081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1144081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}