TOP TEN
04
Digital Experimentation equals wide adoption
The crowd provided various examples of how the mining industry is already experimenting with digital technologies to achieve better ESG ratings . Rio Tinto is using Palantir to improve its decision making process , Anglo American and De Beers are using blockchain to track high-value diamonds from miner to retailer and BHP is using IoT technologies to increase mine safety . The industry giants are already investing in applying and experimenting with digital technologies , yet these are still specific cases and not yet a wider adoption .
03
Leveraging Transparency
The ability of some mining firms to provide information on the mining process will open new markets and a wider price range to sell their commodities . Various scenarios in the simulation explored the use and application of blockchain technology for this purpose , and to improve the trading process between buyers and sellers . Mining giant BHP is exploring the use of blockchain for its iron ore sales .
122 May 2021