BHP, China Baowu complete first iron ore transaction on blockchain platform

MINING.COM | MineHub Technologies announced that BHP (ASX, LON: BHP) and China Baowu have completed their first iron ore trade on MineHub’s blockchain-based platform. 

The platform is a decentralized digital system with underlying blockchain technology that connects buyers, sellers and service providers in mining and metals supply chains through shared information. The application allows the parties in a mineral transaction to virtually integrate their trade operations processes like contracting, logistics, specifications and financing services.

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