Blockchain protocol for responsible mineral sourcing
Minespider is a blockchain protocol for responsible mineral sourcing. They offer transparency and traceability at every stage of the supply chain and track fungible minerals directly from certified mines. This offers the mineral sector the means to source responsibly, ensuring no breaches of human rights in at-risk origin countries.
Minerals like gold, tin, tantalum, tungsten or copper are essential components in most electronic devices today, and tech giants rely on them to develop their products. The usage of these valuable ores, however, poses crucial ethical and legal risks for all companies involved, since many of them are extracted from conflict-torn countries like the Democratic Republic of Congo, further funding violence.
Minespider answers companies’ CSR concerns and upcoming legislation, by transforming today’s due diligence on mineral sourcing from a costly service, into a commodity- allowing mines, processors, transporters and other stakeholders to capitalize on their ethical activity.
Minespider is developing an open, decentralized blockchain protocol and uses a DApp to allow companies to create and sell certification data. This way, Minespider incentivises all stakeholders in the sector to source responsibly, from extraction and to end manufacturers.