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3232No More Monkey Business: OpenMineral Is Bringing Mining out of the Stone Age and onto the Blockchain
https://www.digit.info/no-more-monkey-business-openmineral-is-bringing-mining-out-of-the-stone-age-and-onto-the-blockchain/
Fri, 20 Apr 2018 21:00:52 +0000https://www.digit.info/2018/04/20/no-more-monkey-business-openmineral-is-bringing-mining-out-of-the-stone-age-and-onto-the-blockchain/Read more]]>As we begin to enter into Industry 4.0, we are leaving old technology, business practices, and markets behind. The digital age has allowed the commodities industry to use the most complex machinery ever made, handling the toughest minerals in the toughest conditions. However, many of the industry’s commercial aspects remain stuck in the Stone Age due to convoluted, archaic systems which feature middlemen and a general lack of transparency. Smelting Out The Issues These archaic practices are a hindrance to both buyers and sellers in the industry, as true pricing is sometimes hard to determine, while commodity traders (middlemen) are making increasingly large
As we begin to enter into Industry 4.0, we are leaving old technology, business practices, and markets behind. The digital age has allowed the commodities industry to use the most complex machinery ever made, handling the toughest minerals in the toughest conditions. However, many of the industry’s commercial aspects remain stuck in the Stone Age due to convoluted, archaic systems which feature middlemen and a general lack of transparency. Smelting Out The Issues These archaic practices are a hindrance to both buyers and sellers in the industry, as true pricing is sometimes hard to determine, while commodity traders (middlemen) are making increasingly large