The Application of Blockchains to Mining

Australian Resources and Investment


Author: Ali Soofastaei
Volume:
13
No:

Date:
March 2019 
Pages: 28-30

 

 

Abstract

There is no doubt that the mining industry is facing a turning point in terms of its integrated value chains because the traditional management system can no longer continue to ignore the role of new technology. A technological revolution is underway, and the use of new methods will alter mining operations throughout the value chain, assisting companies to grow by off ering innovative business models to deliver improved safety advancements, productivity and energy effi ciency, and to reduce the fi nal product cost. The use of novel technology is not an optional approach for the mining industry; it is essential for mining companies to use the latest technology to survive in a competitive global market.

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