Global law firm White & Case LLP has advised MineHub Technologies Inc (MineHub) on its innovative new technology platform designed to improve efficiency in trading operations and environmental and social governance compliance in the mining and metals supply chains.
"MineHub's technology platform is an innovative solution for the mineral supply chain," said White & Case partner Rebecca Campbell, who led the Firm's team advising MineHub. "As a leading legal service provider to participants across all facets of the mining and metals supply chain, we know only too well the inefficiencies and compliance issues that affect it. MineHub has the power to address both of these concerns."
MineHub has been working in collaboration with IBM on the platform, which is now live and available to industry participants. It is built on the IBM Blockchain platform using the open-source Hyperledger Fabric standard. The first release offers comprehensive functionality that enables miners to capture mineral production and digital contracts with buyers and streamline the post-trade operations, including document flow, financing and logistics. MineHub also provides project-financiers, like royalty-holders and streamers, with real-time visibility mine-production, sales and receivables.
Arnoud Star Busmann, CEO of MineHub said: "Building a robust legal architecture is just as important as the technology architecture. We approached White & Case to support us in this journey because of their thought leadership on the topic, the recognition that the mining & metals team has with our partners and future users, and the joint innovation opportunities like tokenization of mining royalties. Very happy to be working with Rebecca and the White & Case team on building out MineHub to an industry standard."
The White & Case team in London that advised MineHub was led by partner Rebecca Campbell and included associate Andrzej Omietański.
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