In her 20+ years in mineral exploration Tanya worked all around the globe, and has looked for so many various metals that one will struggle to list them all without taking a break to breath in - copper, nickel, platinum, gold, iron ore, bauxite, diamonds, coal, tin, tungsten, shale gas, uranium, titanium… Her work started in Russia with the biggest international mining company, and then took her to frozen tundra and high peaks in Canada, hot Australian desert, lush jungle in Cameroon, scary mines in Rwanda, long bumpy roads through West Africa, and vast Kazakhstan steppes. Ever an enthusiast of the new technologies, Tanya has been paying close attention to advancement of block-chain and is studying its’ role and growth in the mining industry.
Advance of blockchain technology into mining industry.
Blockchain technology in mining is currently primarily used to confirm that the high value metals and minerals - such as cobalt, diamonds or gold, were not sourced from conflict areas, or from illegal mines, where labour conditions are often unacceptable.
This, however, is a very niche application of this revolutionary technology, which has been speculated as having the same potential to change our lives as internet did in its' day. Distributed Ledger Technology (DLT) – or blockchain, in combination with Internet of Things (IoT), is already being used in other industries to organise and optimise supply chain logistics, including material movement, purchasing requirements and secure payment to suppliers.
When blockchain technology will be fully adopted by the mining industry, it will disrupt the mining value chain in it’s entirety: from mining license application, production and processing, to final end product delivery to the end consumer.