logo
Plus   Neg
Share
Email

IBM, MineHub Join To Use Blockchain In Mining And Metals Supply Chain

IBM (IBM) announced Wednesday a collaboration with mining technology company MineHub Technologies, Inc. for a blockchain technology-based solution to use in the global mining and metals supply chain.

The technology is expected to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain, from mine to end buyer.

IBM noted that Goldcorp Inc. (GG,G.TO), ING Bank (ING), Kutcho Copper Corp., Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (WPM.TO) are working with MineHub to build the new mining supply chain solution on top of the IBM Blockchain Platform.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Texas Instruments Inc. (TXN) gained over 6% in extended trading session on Tuesday after the analog chip maker reported a second-quarter profit and revenue that trumped analysts' expectations. The company also issued a strong financial outlook for the third quarter. Dallas, Texas-based Texas... Justin Sun, the entrepreneur who founded the cryptocurrency platform TRON, has postponed his charity lunch with billionaire investor Warren Buffett due to ill health. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones.... Mountain Rose Herbs has recalled one lot of Fennel Seed Whole after the company found salmonella in part of its inventory. The Eugene, Oregon-based company has recalled all sizes ranging from 4 oz. to 50 lbs. of its Fennel Seed Whole, Lot #25031, because they have the potential to be contaminated...
Follow RTT