In a world first, Minexx has exported minerals from the Democratic Republic of Congo with full financial traceability, transparency and trust, by processing US$250 000 of digital, blockchain certified payments.
Blockchain is being used in the mining sector to provide assurance, transparency and traceability within the raw materials supply chain.
Minespider and LuNa Smelter, a responsible tin producer in Rwanda, have partnered to implement Minespider’s OreSource blockchain tool.
Benedikt Sabotka remains firmly committed to socio-economic upliftment in that country and the African continent in general.
Minespider, a blockchain protocol for responsible mineral tracking, has been awarded a grant of over €180 000 from the EIT Raw Materials Booster Programme.
Current pandemic events and fraud cases in the commodity trading industry are causing a step-change in the adoption of digital solutions.
"The use of satellite-based data for mining is already a sector experiencing huge investment and funding across private and nationalised space programs."
Health and safety
With each mine site being unique, there is no one-size-fits-all approach. This means hybrid technology is often required to connect various locations.