The Elements of Innovation Discovered
The Elements of Innovation Discovered
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The minerals commodities industry may be worth trillions, but it has lost billions in less than a decade to fraud perpetrated by industry insiders due to roughly half of the world's mining companies and their warehousing networks still relying on paper documents. This industrial blind spot has been made public by a series of news reports of fraud in metals trading, with the latest incidents having revealed devastating inadequacies in the records and storage systems of...
The Australian federal government July 12 announced grants of more than A$5.6 million (US$4.2 million) toward demonstrating how blockchain technology can support supply chain solutions and help ease regulatory burdens as part of its wider Australian Blockchain Roadmap. "The Blockchain Pilot Grants will demonstrate the potential for blockchain to help businesses to save money and cut red tape by improving processes such as tracking products throughout the supply chain and trans...
Metals and mining giant Rio Tinto has begun a campaign of transparency and traceability for the aluminum industry with the launch of START, a blockchain-powered "nutrition label" for responsible aluminum. In the growing metals, minerals and rare earths market for all your favorite electronic gadgets and gizmos, the demand for ethically sourced materials has grown as well. With a world of information at their fingertips, smart consumers have begun to explore the trail of...
Glencore plc March 6 announced it has joined the Global Battery Alliance, a World Economic Forum initiative to help establish and collaborate on a sustainable battery value chain. GBA is a partnership of 70 members that includes businesses across the entire battery value train, from mining companies providing the metals going into the batteries to manufacturers that use those batteries in their products, as well as governmental and non-governmental organization. The alliance...
Whether it is a necklace from Tiffany & Co., an Apple iPhone or a pre-ordered Tesla Cybertruck, many buyers want to know that the metals going into the products they are purchasing are sourced ethically and sustainably. Metals pass through many hands on their way from mine to consumer, which can make it hard to ensure the source of the minerals. This adds time and cost and origins tend to become convoluted and even questionable. As we evolve into the digital age, recording...
With consumers increasingly calling for proven sustainable products, Norsk Hydro has teamed up with fellow Norwegian DNV on a pilot project that utilizes blockchain technology to trace Norsk's low-carbon aluminum from pit to purchase. An internationally accredited global assurance provider, DNV helps companies manage risks and assure sustainable performance, Norsk Hydro, which operates across a broad range of market segments for aluminum, energy, metal recycling, renewables,...
