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.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.
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.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.
