A group of metals and mining companies including Glencore and Anglo American have joined forces with the World Economic Forum to explore the use of blockchain technology to accelerate responsible sourcing of raw materials.
The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, the track and tracing of materials, the reporting of carbon emissions and/or increasing efficiency. The founding members are Antofagasta Minerals, Eurasian Resources Group, Glencore, Kl??ckner & Co, Minsur SA, Tata Steel Ltd and AngloAmerican/De Beers. "We welcome the development of technology that can facilitate industry reporting to improve compliance across the supply chain," Glencore chief executive officer Ivan Glasenberg said.The mining industry has increased its scrutiny of its supply chain amid...