MineHub co-founder on IPO: 'industry is ripe for technological advancements'

MineHub Technologies Inc is set to debut on Canada’s TSX Venture Exchange on Tuesday under the ticker “MHUB”, the company announced in its press release this morning.

Why does MineHub digitalise the physical commodity transactions

MineHub is a non-crypto, blockchain based platform that uses a digitally integrated workflow to connect participants of physical commodity transactions. Digitalising the process helps improve efficiency, security, transparency and cost of the supply chain for the mining and metals industry, all the while ensuring compliance with the current and incoming regulations.  

The paper-based and manual processes currently in practice result in a more than $150 billion loss to this industry every year. With MineHub’s digital transformation, the metals and mining sector will realise over $320 billion in value.

MineHub will be the first publicly-traded company in its niche

The Vancouver-based company worked with notable names like Wheaton Precious Metals, Kimura Capital, BHP, China Baowu, ING Bank, Vale, and IBM to launch a commercial version of its platform earlier this year.

MineHub already has a footprint in key markets like China, Japan, and Singapore, and will crown itself today as the first publicly traded end-to-end digital supply chain solution for the mining and metals industry.