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ARTICLE · 04 OCTOBER 2019

Blockchain In The Mining Industry

September 20 and 21 saw the latest edition of Smart Mining 2.0 held in Toronto. The presentations covered a broad range of topics related...

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September 20 and 21 saw the latest edition of Smart Mining 2.0 held in Toronto. The presentations covered a broad range of topics related to technology in the mining industry, including artificial intelligence, cybersecurity and data management. Included in the proceedings was a panel featuring Dentons partner Adam Allouba and Ryan Darbyson of Blockchain Guru, speaking on the benefits for the mining industry of integrating blockchain into their operations.

Although blockchain is suitable for any situation involving data storage, a few applications in particular were highlighted during the discussion. This includes traceability of resources along the value chain to build confidence that they are not conflict minerals (as required by regulations in the United States and, as of 2021, the European Union). Blockchain can also be used to store information generated by Internet of Things (IoT) sensors, which can then predict outcomes through the use of AI algorithms (a

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