BHP enters commercial agreement to adopt MineHub blockchain platform in operations

MineHub Technologies (TSXV: MHUB) announced Tuesday that it has entered into a commercial agreement with the world’s largest miner, BHP (NYSE: BHP), under which BHP will subscribe to the MineHub platform and enterprise applications as a customer.

MineHub is an enterprise-grade platform for digital trade, bringing increased efficiency and transparency to supply chains. The platform connects parties involved in a physical commodity transaction in a digitally integrated workflow, operating on the basis of shared authentic and validated information secured by a global blockchain network. 

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The MineHub global team will work closely with BHP to support the adoption of the MineHub platform by BHP operations and its business network, the company said in a news release.

“Our relationship with BHP has matured further with this step, reflecting the progress from pioneering and co-creating to a commercial service that has the potential to digitally support the sales operations of BHP and its customers,” Minehub CEO Arnoud Star Busman said in the statement.  

“It also represents a major milestone for both the mining & metals industry and for MineHub — for the industry it demonstrates the viability of a digital industry platform.”