<p>Australian iron ore producer Roy Hill Holdings Pty Ltd has completed a digital transaction using blockchain technology to ship 200,000 tonnes to its China-based customer, Xiamen Construction & Development. Using the MineHub platform, the roughly USD 20 million cargo was shipped from Port Hedland, West Australia to the ports of Jingtang and Huanghua in China.</p><p>Minehub is a technology company which is looking to transform and create efficiencies in the mining sector by driving the automation of manual processes. MineHub has established a consortium of leading industry participants—including mining, technology and banking companies—to help build a blockchain platform to manage high-value assets across the supply chain, from the mine to end buyer to the bank. Using IBM Blockchain technology, users can accurately track minerals in real-time, while maintaining control of and securing their own data. Seamlessly data-sharing allows all parties to make much more informed and often faster business decisions—a critical component to driving operational efficiency.</p>
<p>Australian iron ore producer Roy Hill Holdings Pty Ltd has completed a digital transaction using blockchain technology to ship 200,000 tonnes to its China-based customer, Xiamen Construction & Development. Using the MineHub platform, the roughly USD 20 million cargo was shipped from Port Hedland, West Australia to the ports of Jingtang and Huanghua in China.</p><p>Minehub is a technology company which is looking to transform and create efficiencies in the mining sector by driving the automation of manual processes. MineHub has established a consortium of leading industry participants—including mining, technology and banking companies—to help build a blockchain platform to manage high-value assets across the supply chain, from the mine to end buyer to the bank. Using IBM Blockchain technology, users can accurately track minerals in real-time, while maintaining control of and securing their own data. Seamlessly data-sharing allows all parties to make much more informed and often faster business decisions—a critical component to driving operational efficiency.</p>
