Vancouver, Canada — February 22, 2023. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) is pleased to announce that the MineHub platform for digitizing commodity supply chains is now available on SAP® Store. The MineHub platform integrates with SAP Smart Business for SAP Commodity Management. Corporations can then use the MineHub platform to unlock the benefits of paperless trade and gain a new level of efficiency, transparency and security in their sales and procurement operations.
“The MineHub platform streamlines the exchange of real-time and high-quality data across operations teams, helping users to save costs, provide a digital solution for their customers and mitigate against key risks in their supply chains,” said Arnoud Star Busmann, CEO at MineHub Technologies. “SAP’s footprint in our current and future customer base is vast, and this partnership is a logical and valuable step in our journey to becoming a provider of one of the most valuable platforms for commodity supply chains.”
MineHub is a cloud-hosted platform where customers, suppliers and their service providers can securely exchange and collaborate on real-time, shared information like contracts, shipments, specifications, logistics, and ESG data. The data on MineHub is secured by a private blockchain network that secures the privacy, integrity and auditability of data shared amongst users. The MineHub network is global by design and runs on nodes in multiple geographical regions including mainland China, enabling companies to comply with data residence regulations or policies.
The MineHub platform brings the following benefits to participants in commodity supply chains such as miners, smelters, fabricators, steel mills and banks:
- Gain real-time visibility into supply chains and verify compliance of shipments with ESG, trade regulations and purchasing policies
- Digitalization of trade reduces reliance on paper and helps producers to secure delivery to customers and associated cashflows
- Sellers and buyers can automate their Scope 3 emissions accounting
- Financiers can better monitor and manage their credit and operational risk through real-time visibility of the transactions and collateral they are financing
- All parties benefit from a reduction in fraud and cyber risks.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 2,300 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
MineHub Technologies Inc. is now a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.
About MineHub Technologies
MineHub is an enterprise-grade platform connecting all parties along the physical commodities supply chain. The MineHub platform replaces existing processes in which thousands of data interactions and scores of documents are shared amongst counterparties by fax, phone and e-mail. By digitizing the complex workflow among participants in a physical commodity transaction, MineHub brings efficiency and security to the mining and metals supply chain. MineHub allows firms to create data that is useable, shareable, verifiable and unforgeable. Global enterprises already use MineHub as part of their logistics, compliance, trade management and financing operations.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
Arnoud Star Busmann
CEO, MineHub Technologies Inc.