Open Mineral sets up blockchain platform for metals logistics, financing

Metal concentrates trading platform Open Mineral has joined others in the metals industry to make use of blockchain technology to facilitate secure information exchange and to track parcels on a new platform called Minerac.

Minerac, joint venture between Open Mineral and US-based ConsenSys, will allow stakeholders to securely exchange critical trade documents, such as bills of lading and letters of credit, via the use of smart contracts, the company said on Monday July 9. “Commodity trading transactions involve multiple parties,...

Published

Julian Luk

July 09, 2018

09:00 GMT

London