New kid on the Block
WHEATON Precious Metals Corp, one of the world’s largest precious metals streaming companies, is the latest customer of Blockhead Technologies’ enterprise solutions.
Wheaton will be leveraging Blockhead’s technology as part of the streamlining of its metal accounting processes.
With a market cap of about US$9.5b, Wheaton has streaming agreements relating to 19 operating mines and nine development projects, and produced more than 680,000 gold equivalent ounces in 2018.
Blockhead Technologies’ CEO Greg Leach said the move was a testament to the expertise and vision of the Blockhead team.
“We look forward to delivering an outstanding outcome for Wheaton and delivering on our objective of building Blockhead into a market leader in our sector,” he said.
Blockhead implements solutions ideal for simplifying the data management process and providing access to instant data analysis.
The platform allows companies to have greater control over their current data, as well as access and visualise historical data.
Blockhead data scientist James Allen said companies such as Wheaton stood to benefit from a streamlined data management process, along with greater assurance of data accuracy.
‘It empowers them to better utilise their data to drive operational efficiencies and strategic outcomes,” he said.
Blockhead Technologies leverages blockchain technology for multi-asset, secure digital record-keeping through the value chain, which extends to an organisation’s accounting and auditing capabilities.
The company, established in 2017, has headquarters in Vancouver, Canada, as well as in Perth.
Blockhead’s flagship platform STAMP aims to bring secure tracking and source certification into mining value chains.