Blockchain in the Mining Sector: Will Blockchain Eventually Overcome Us?

Blockchain in the Mining Sector: Will Blockchain Eventually Overcome Us?

This IDC Perspective provides an overview of existing and potential use cases of blockchain in the mining industry. It also looks at what companies are offering and the potential benefits of blockchain adoption."Consumers are increasingly concerned about the origin and sustainability level of products from a range of industries. Their concern in the mining industry shows no difference, particularly in the case of precious gems such as diamonds. The ability to track the origin of a gemstone is just one of the many potential advantages resulting from blockchain use in the mining sector. With this, IDC sees blockchain adoption growing rapidly," says Ben Kirkwood, senior research manager, IDC Worldwide Mining Insights.

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Executive Snapshot
Situation Overview
Blockchain Platforms
Ethereum
Everledger
Hyperledger
HashDrop
Tracr
Mining Value-Chain Blockchain Service Providers
Accenture
BlockApps
BLOC
ConsenSys
IBM
Infosys
Oracle
SAP
Wipro
Leading Use Cases in the Mining Sector
Sustainable Shipping
Wellbore Sample Tracking
Tracking Diamonds
Future Direction for the Mining Sector
Hyperledger
Ethereum
Building a Blockchain Strategy
Other Nonfinancial Blockchain Opportunities
Energy
Insurance and Healthcare
Manufacturing
Retail
Services
Advice for the Technology Buyer
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Related Research
Synopsis

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