Supply chain resilience has never been more important than today. COVID, Russia, and Inflation all at once make it critical for companies to make every second of their production, shipping, and sales process count. This is why so many companies are scrambling to invest in the latest technologies to ensure they have the most efficient and resilient supply chain abilities ok the market.
Now focusing on the mining and metals market (the foundation of all production), $MHUB.V (MineHub) is utilizing blockchain technology on an all-in-one platform to eliminate time-consuming and inefficient paper-backed processes, which are estimated to cause losses of 5%-10% on the $1.8T worth of metals and minerals transported each year. $MHUB.V’s tech has several features to help their clients.
- It reduces costs, controls risk, improves revenue, and optimizes resources by leveraging data and analytics, digitizing workflows, and centralizing communications.
- Increases visibility through real-time shipment tracking and service performance.
- The ESG application helps manage ESG compliance and reporting with greater ease and transparency.
- It’s also easily scalable outside of metals and mining providing a far larger market to capitalize on.
Furthermore, their partnerships and collaborations will continue to assist the company in developing the platform. For example, BHP helps bring clients, validation, and network while $MHUB.V provides the technology and expertise. The first transaction of its kind was purchased by China Minmetals from BHP, then sold to Zijin Mining for smelting, with both the purchase and the sale transactions completed on the same platform.
$MHUB.V already has a global footprint and continued efforts to increase the platform applications (future applications include DeFi and Tokenization). Considering the current market cap of $28M, things are starting to get interesting, considering what they have been able to achieve and what they have planned for the future. Definitely worth keeping an eye on it at these levels. GLTA!