trending Market Intelligence /marketintelligence/en/news-insights/trending/bpqdol_mkrnql4msias0_w2 content esgSubNav
In This List

Northern Sphere to develop mineral exploration-focused blockchain platform

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Northern Sphere to develop mineral exploration-focused blockchain platform

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.