Digitizing Supply Chains For 2 of the Largest Companies Supply chains have been intensely struggling over the past couple of years due to the effects of COVID and the rapid influx of demand. This means it’s more important than ever for companies to invest in supply chain efficiency and transparency as they begin to resume operations. One way to do this is to eliminate paper-backed processes through digitization and centralization. That’s what $MHUB.V is aiming to accomplish. Their Minehub Platform is an all-in-one blockchain-backed platform allowing companies to eliminate inefficient paper processes while also tracking other parts of the shipment, such as ESG emissions.
Proving the potential of the platform, BHP and Sumitomo have both entered into commercial agreements to utilize the software in their operations. Both companies are in the Fortune 500 and are considered to be some of the largest mining conglomerates across the globe. If these two companies have invested in the platform, it shows that it is effective and could attract multiple other companies to join in.
Considering that they have two of the largest companies in the world on board and only a $11.7M valuation, there’s significant room to grow as support levels stay strong in the $0.18-0.20 range. I’ll be looking to see if they’re able to secure more deals with leading mining companies as they continue to develop new applications and optimize the platform.