Environmental and social governance (ESG) has long been a key issue along global metals and mining supply chains. From carbon emissions and water use in metal processing to conflict minerals, human rights abuses and child labour in mining areas, the extractive industries and their end consumers – as well as the financiers who support the underlying trade – need to track myriad threats in order to remain compliant with increasingly stringent regulations. New blockchain-based initiatives look set to facilitate this, but does the technology have all the answers? Eleanor Wragg reports.

Inventory management
  • Integrated with trade management enables with automated updates of inventory with stock inflows and outflows
  • Forecast inventory levels to avoid stockouts
  • Optimize working capital through minimizing excess stock levels
  • Remove spreadsheets, reconciliation communications and operational risk of manual updates

Trade Management

Buyers and sellers of commodities collaborate on all aspects of their term contracts and transaction in one place, enabling all parties involved in a transaction to always be on the same page, in real-time

Benefits

  • Real-time visibility of all shipments across oceans and land – location and ETA
  • Secure exchange of key documents
  • Keep all communications related to the transaction with the transaction data set
  • Notifications of key events
  • One version of the truth – no need to reconcile and check