BETTING ON BLOCKCHAIN: BHP, Baowu complete first iron ore trade on MineHub platform

Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc’s blockchain-based platform.

The platform, which was launched in October 2019, aims to improve efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.
MineHub said the trade marks the first in a series of transactions with industry partners, guiding the next evolution of functionality on the platform that will ultimately provide commodity supply chains with a fully digital end-to-end fulfillment process.

“Working with the world’s largest mining company and the world’s largest steel producer on designing the digital future of...

Published

Andrea Hotter

June 29, 2020

03:15 GMT

New York