MineRP to partner with Karuschain to adopt blockchain platform
Summary
Mining software and consultations provider MineRP has signed a letter of intent (LoI) to partner with blockchain platform Karuschain. As part of the signing, MineRP will adopt Karuschain’s blockchain platform creating a path for data immutability and traceability in the mining and precious metals industry. The proposed partnership aims at creating an opportunity for further transparency, as well as ensuring the secure management and tracking of crucial data throughout the mining and precious metals supply chain. Karuschain’s blockchain platform is modular by design, and improves a range of existing industry technologies and software systems by offering customisable, scalable and interoperable solutions. “This relationship is creating a new-world software solution that truly will become a leading industry force driving dramatic cost benefits, enhanced security, information innovations, and an opportunity for next-generation compliance.” MineRP operates five offices across four continents, and has partnerships with SAP, Deloitte, IBM and GE, while Karuschain provides end-to-end traceability and tracking for the global precious metals industry.