Cobalt Traceability Mining and Blockchain | Hashcash Consultants

Implemented by a Major Mining Group in Congo for ethical sourcing of Cobalt from the mine to the Electric Vehicle

Key Challenges •

Disputes and lack of transparency among stakeholders

•

Growing need to address ethical sourcing standards for certain minerals

•

Compliance issues: child labor, safety

hazard and illegal mining

Private & Confidential

Blockchain Solutions •

Provenance tracking – traceability solutions

•

Use of smart contracts to securely exchange critical trade documents, such as bills of lading and letters of credit

•

All parties involved in a transaction views up-

to-date data at all times

Private & Confidential

Benefits •

End-to-end tracking of minerals and ores throughout the

supply chain, address compliance, transparency and accountability

•

Swifter consensus on additional trade terms between parties

•

Reduce number of disputes and make resolution straightforward

•

Reduce errors -- overall transparency, eliminating the potential for malicious actors to take advantage of loose

record keeping

•

Improved immutability, security, speed and scalability

•

Improved brand identity and loyalty for EV manufacturers Private & Confidential

Lowered OPERATIONS COST •

Reduced reconciliation cost of

record keeping and validation between the Congo Mining

UP TO

company, Li ion battery •

30%

Real time visibility of records lowered rate of fraud, less spending

LESS

on fraud detection and prevention mechanisms

Private & Confidential

Saved Sourcing TURNAROUND TIME •

Real time document transfer – less paperwork

•

UP TO

Quicker validation and

40%

authentication of trade finance

documents

LESS

Private & Confidential

Power of Innovation ●

HashCash solution used Blockchain

technology which eliminated the need for multiparty reconciliation

●

HashCash solution is used by clients globally including banks, FIs, companies in

supply chain, manufacturing, gaming, Enterprises and Government verticals

Private & Confidential

Private & Confidential

Thank You