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Author Topic: Vale completes iron ore transaction through blockchain  (Read 1335 times)

Offline Lenipiw

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Vale completes iron ore transaction through blockchain
« on: September 06, 2020, 01:53:26 PM »
Blockchain helps the other kind of mining. Mining firm Vale and its partners completed its first iron sale over blockchain.

According to a statement on its website, Vale sold 176,000 tons of iron ore to Nanjing Iron & Steel, sending the material from Malaysia to China.

Vale and its partners used the blockchain platform Contour to issue a letter of credit. Shipping documents and an electronic bill of lading—a list of all the goods shipped—were handled through essDOC’s CargoDocs solution.
Visit here: https://cointelegraph.com/news/vale-completes-iron-ore-transaction-through-blockchain

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Vale completes iron ore transaction through blockchain
« on: September 06, 2020, 01:53:26 PM »

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