Northern Sphere Mining Corp. entered a strategic alliance with Blockchain Ready Inc. to advance a blockchain platform for the mineral exploration industry.
The company will use its Arizona and Ontario properties to create, develop and commercialize the Blockchain Ready platform, which will include regulatory assistance and material tracking.
In exchange, Northern Sphere will receive access to the Blockchain Ready platform, according to the May 15 release.
Blockchain Ready is developing blockchain technology for the mining industry to simplify and streamline databases, increase security and efficiency and provide easier communication between stakeholders.
The companies are also working with the Aboriginal community to establish a blockchain model focused on managing and streamlining their relationships with mining companies.