BHP Group and Baosteel conduct a deal to sell iron ore through blockchain
The BHP Group, one of the largest mining companies in the world, sold $ 14 million worth of iron ore using a blockchain platform.A mineral sale transaction was concluded between BHP and China Baowu Steel Group, a subsidiary of China Baoshan Iron & Steel (Baosteel). The $ 14 million transaction was conducted through a blockchain-based platform developed by Canadian technology company MineHub Technologies. BHP’s Director of Trade and Marketing, Michiel Hovers, explained that the company…
