MineHub Technologies, Inc., a mining technology company, has declared its partnership with IBM to use blockchain platform to enhance tracking, logistics, and financing, and cut down costs involved in the minerals supply chain.

Various companies such as Goldcorp Inc, ING Bank, Kutcho Copper Corp, Ocean Partners USA Inc, and Wheaton Precious Metals Corp have collaborated with MineHub to use IBM’s blockchain platform and build a new mining supply chain solution.

Vince Sorace, Founder and CEO of MineHub, has expressed his delight on the firm’s collaboration with innovative companies. He has stated that that blockchain allows automation, reduces costs and speeds up transfers in an untamperable manner.



MineHub and IBM have also announced their plans to collaboratively work to find new ways of scaling up the platform, explore new use cases, and implement the latest technologies into the platform in the future.