Open Mineral plans blockchain consortium

LONDON: Online metal concentrates exchange Open Mineral is seeking to build a consortium of mining firms and financial institutions to create a blockchain system for minerals trading and logistics. Open Mineral said it was joining forces with the United States’ ConsenSys to establish Minerac, aiming to make mineral trading and supply chains more efficient. “The industry is primed for blockchain disruption to simplify trading process and increase efficiency and profitability,” said chief executive Boris Eykher.