Vancouver-based mining technology company MineHub Technologies and IBM are partnering up to create a blockchain-based mining supply chain application.

The collaboration has the backing of Goldcorp, Wheaton Precious Metals, ING Bank, Ocean Partners USA and Kutcho Copper, the junior miner that launched Minehub in July 2018.

The application, which is built on the IBM blockchain platform and powered by the Linux Foundation's Hyperledger Fabric, will get its first test case at Goldcorp’s Peñasquito project in Mexico. MineHub’s application will track Penasquito’s concentrate as it makes its way from the mine to the market.

End users will be able to verify data from any ore mined at the site, which will be uploaded to the blockchain platform. Only parties who have been granted permission will be able to access information on the concentrate.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 28135.40 0.01%
S&P 500 3168.80 0.01%
NASDAQ 8734.88 0.20%
TSX 17003.13 0.33%
TSX-V 540.53 0.00%

Resource Commodities

Name Last Change
Gold 1475.64 0.77%
Silver 16.94 0.41%
Copper 2.78 2.781
Platinum 901.00 0.67%
Oil 60.07 1.48%
Natural Gas 2.30 1.39%
Uranium 25.45 0.78%