The mining industry is suffering a big transition to a low-carbon future. This phenomenon is accompanied by a digital transformation that is occurring in all industrial sectors and particularly affecting mining operations and supply chain. In line with this...
- which mining areas do you think are more prone to the implementation of DLT technbology and smart contracts?
- It will have this technology the same impact in the mining industry as in other industries (i.e. the vehicle industry)?
Dear Saki,
I suggest you to see links and attachred file on topic.
Introduction to Blockchain, Ethereum and Smart Contracts — Chapter 1
https://medium.com/.../https-medium-com-ritesh-modi-solidity-cha...
The elimination of miners and block producers by using smart contracts
https://medium.com/.../the-elimination-of-miners-and-block-produ...
4 ways blockchain will transform the mining and metals industry ...
https://www.weforum.org/.../4-ways-blockchain-will-transform-the...
Mining industry's adoption of blockchain not a question of if, but when ...
https://www.mining.com/mining-industry-adoption-blockchain-not...
How resource companies are using the blockchain – MINING.COM
https://www.mining.com/.../resource-companies-using-blockchain/
Best regards
I support the answer of Mohamed-Mourad Lafifi
https://www.mining.com/mining-industry-adoption-blockchain-not-question-report/
Organizations which are looking for mutual integration across any SC industry can be achieved by three independent segments of DLT such as
- Information System Coordination
- Logistics Process Coordination
- Contractual Coordination (Financial trade off's)
Effect will be the same as any similar SC industry but the results will be different and might lead to monopolistic manipulations because of the limited sources.
Take a look at Everledger. They are already applying blockchain and smart contracts to diamonds, and gemstones for example. Moreover, they are adding more and more use cases:
https://www.everledger.io/industry-applications