Australian Mining Giant Trials Blockchain, Completes $14 Million Iron Ore Transaction to China

Australian Mining Giant Trials Blockchain, Completes $14 Million Iron Ore Transaction to China
фото показано с : btcmanager.com

2020-6-30 19:00

According to a Reuters report on June 29, 2020, BHP Group completed a trial transaction worth $14 million with China Baoshan Iron & Steel Co Ltd (Baosteel). Iron ore was tracked and delivered through a blockchain platform offered by MineHub Technologies in June 2020.

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iron ore transaction 2020 june million china

Источник: btcmanager.com

iron ore → Результатов: 4


Фото:

First-Ever Blockchain Letter of Credit Transaction Carried out by Chinese Steelmaker

Baosteel, a Chinese steelmaker, along with Australian mining firm Rio Tinto, have completed a renminbi (RMB)-denominated letter of credit (LC) transaction using blockchain technology. The LC transaction facilitated by Standard Chartered Bank (SCB) represents the first-ever paperless cross-border deal in the iron ore industry finalized in China’s fiat currency.

2020-5-14 15:16


Фото:

Fully autonomous trains are better suited for moving ores than people

Australian mining company Rio Tinto’s high-tech train completed the first fully autonomous delivery of iron ore in Western Australia’s Pilbara. The autonomous train, consisting of three locomotives, carried about 28,000 tonnes of iron ore across 280 km from the company’s mining operations in Tom Price to the port of Cape Lambert on July 10.

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