Russian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchai...

Russian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchai...

The technology is aimed at tracing commodity flows in near real-time and cut paperwork.


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Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

The world’s largest producer of palladium and high-grade nickel is joining a multi-stakeholder initiative that uses blockchain technology. "Mining" may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains.The Russian company Norilsk Nickel — the world’s largest producer of palladium and high-grade nickel and a large producer of platinum and copper — has joined an initiative called the....

Nornickel to use blockchain for its new ETCs on Deutsche Börse and LSE

A palladium fund founded by Norilsk Nickel will launch exchange-traded commodities for metals custodied using blockchain at the Deutsche Börse and London Stock Exchange. The world’s largest producer of palladium and high-grade nickel, Norilsk Nickel, is pressing ahead with its digital technologies strategy. As of Jan. 18, Nornickel's Global Palladium Fund has launched exchange-traded commodities, or ETCs, for metals on the Deutsche Börse, which are custodied by TokenTrust AG and also make use of its distributed ledger platform, Atomyze.Nornickel's Global Palladium Fund intends to launch....

Russian Metal Giant’s Tokenization Firm Expands to America

U.S. investors can invest in tokens representing rare metals as part of Russian mining giant Nornickel expands its tokenization firm.

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as $0.03 per kilowatt-hour (kWh). Mining Precious Crypto Assets in the Arctic Circle This week the Russian mining operation Bitcluster was featured in a Bloomberg video-report that highlights the company’s Norilsk bitcoin mine. The city....

Bringing carbon emissions reporting into the new age via blockchain

Blockchain can bring transparency and traceability to mining and metal supply chains, although data challenges may hamper successful use cases. Blockchain for supply chain management is one of the most practical business applications for large, multi-party sectors seeking trust and transparency across daily operations. As such, the mining and metals sector has now started to leverage blockchain technology to effectively track carbon emissions across complex, global supply chains. This month, The World Economic Forum launched a proof-of-concept to trace carbon emissions across the supply....