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

Quick Facts

Editors Pick
AT&T Inc. (T) reported first-quarter adjusted earnings per share of $0.86 compared to $0.85, prior year. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.86 for the quarter. Analysts' estimates typically exclude special items. Adjusting for amortization,... Shares of Credit Suisse Group AG were gaining around 3 percent in Swiss trading after the banking major reported Wednesday higher profit in its first quarter, despite weak revenues. Looking ahead, the company said it is cautiously optimistic about its prospects for the second quarter of 2019. The company remains focused on increasing its returns over the course of 2019 and beyond. While reporting financial results for the first quarter, Thermo Fisher Scientific Inc. (TMO) on Wednesday raised its adjusted earnings and revenue guidance for the full year 2019 to reflect strong operational performance and the acquisition of Brammer Bio, partially offset by a more adverse foreign exchange...
Follow RTT