The developer of "Cost saving Solutions for mining companies" announced that China Minmetals, Zijin Mining and BHP Billiton have reached a two-step deal on the company's blockchain platform.
MineHub is an open, enterprise-class digital trading platform designed to improve efficiency, transparency and accountability in the supply chain. It connects the various principals of physical goods transactions into a digitally integrated workflow, based on shared, real and authenticated information, protected by a global blockchain network.
"We feel a real momentum building in the copper market around our platform, analytics exchange and ESG applications." "Working with the teams of Zijin mining, China Minmetals and BHP Billiton is a compelling opportunity to accelerate the innovation, development and adoption of our solutions to enhance the value of the MineHub platform to the global concentrates market," MineHub's CEO said in a media release.
The digital deals with companies such as Minmetals, which bought a batch of copper concentrate from BHP Billiton and resold it to Zijin Smelting, are the first of their kind in the world.
