Tuesday, 9 October 2018

Green Metals For Tesla Energy rEVolution And FinTech: Blockchain Looks Set to Disrupt Traditional Mining Industry.

We have another report promising the disruption for the mining industry by the implementation of the smart contracts based on Blockchain Technology. Access to the capital allocated to crypto space can be even more important subject for Green Metals like Copper and Lithium and junior miners developing new projects to feed the Tesla Energy rEVolution.

We have discussed here at length the importance of mining, commodity cycles and starving for the capital junior mining industry. On another hand, billions of dollars are still chasing crypto coins' bubbles and maturing crypto industry is subject to new scrutiny and regulations when hundreds of ICOs cannot show any real utility and value to support their real-life valuations. Building a new efficient mechanism to transfer the capital which is already available for the new blockchain applications into the real industrial investments like mining can be the answer to the important question what is coming next after the initial crypto hype will be gone.

Can we start talking about decentralized sources of capital for mining as well now? For us, at TNR Gold, the most interesting subject now is to build the access to the capital which is already allocated to the crypto space and plugging our company into participating in the "crypto capitalism movement" as Mark Yusko calls it, which is already opening new sources of capital. We are aiming with John Davies, TNR Gold Director: Capital Markets and Blockchain Technology - to navigate through all hype with scam ICOs and hundreds of coins which are dead already and mapping the landscape of the most trusted participants in this market. 

The idea is simple but successful solving of this problem can be Company building for us: how can we link Solid Values which are provided by mining which is powering Green Energy rEVolution and capital allocated to Blockchain FinTech? You already know about our GEM Royalty Portfolio, which will provide potentially cash flows from projects producing copper and lithium. Now is the next stage for building up the new capital base and multiplying our Green Energy Metals Royalties.

Tesla Energy rEVolution And FinTech: How Blockchain Will Transform The Mining And Metals Industry.

Our ability to cross this "digital divide" and connect capital chasing crypto bubbles with solid values provided by mining industry can determine the geopolitical future for many sectors of the evolving technologies like Solar, Wind, Energy Storage and Electric Cars. The alternative will be the Oligopolies controlling the supply of the critical commodities created by States and Sovereign funds backed by those states.

John Davies and I have started this conversation, which I would like to share with you today. The article below by Max Weiland provides some general ideas for integrating blockchain technology into the mining industry. I am personally very excited to explore these new opportunities which we can bring to our GEM Royalty TNR Gold. We would like to go further and find the way to engineer products which will be connecting capital allocated for FinTech sector and solid values provided by our potential Royalty cash flow streams in the future.  This will be the ultimate "Time Arbitrage". We are open to all new ideas and partnerships. Please step in and share your ideas - you know where to find us.


Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

News BTC:

A report published yesterday by international law firm White & Case claims that blockchain technology could help improve transparency and remove inefficiencies from the global mining supply chain. It states that the industry’s adoption of the innovation backing Bitcoin is a matter of “when, not if.”

The report was produced by Rebecca Campbell and Andrzej Omietański of White & Case. Titled “Digitalising the mining & metals global supply chain: Rise of blockchain and the smart contract,” it explores the various ways in which the supply chain of various mined materials could be improved using blockchain technology.
During the report, definitions of both blockchain technology and smart contracts are offered up before each of the related technology’s potential to impact on the mining industry is assessed.
The authors state:
“With today’s pressured margins, inflationary costs and murmurs that the hard-won productivity gains of recent times may be eroding mining companies are looking for ways to improve efficiencies.”
They then go on to state that using blockchain technology used to track mining supply chains could increase transparency in the industry, as well as helping to eliminate fraud.
Meanwhile, in the section dedicated to smart contract technology, the authors state that blockchain-based contracts could be used to fund mining operations – in much the same way as they have been used to fund various companies using initial coin offerings (ICOs) – or by helping to alleviate disputes between parties:
“Moving contracts onto a blockchain will not in itself prevent disputes, but it may help arrive at a mathematically certain set of facts, which could be used to prove a chain of events with a high degree of certainty in the event of a later dispute.”
The report then addresses the various challenges that blockchain and smart contract technology faces before it is widely adopted in the mining industry. One of the major concerns for the authors is whether smart contracts would need to be assembled by lawyers or computer scientists. The recent case of the EOSBet smart contract hack suggests that perhaps a mix of both professionals would likely be preferable.
Whilst the White & Case report seems optimistic about the use of blockchain in the monitoring of global supply chains, the CEO of Tradeshift stated this week that the technology is by no means ready for the kind of scale required for such tasks.
Like Campbell and Omietański, Christian Lanng believes that the innovation could have a dramatic impact on the way supply chains are operated. However, he does contend that it will only really take off in the next five to 10 years, rather than the immediacy implied in the White & Case document."

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