Mineral Track is an application that will reshape supply chains and incentivize responsible sourcing. winner consensys hackathon 2017. Mineral Track will reward compliant mines and intermediaries with higher paying work while offering end-users full due diligence through tracking supply chains and create financial agreements between actors on the blockchain.
By addressing the vulnerabilities of transparency and accountability within the industry, we hope to begin to solve the higher level issues of child labor, poor working conditions, and conflict support over time.
Responsible value chains can only exist when all actors are rewarded for their participation. Mining communities receive a better price for their products so that they can send their children to school while companies like Apple can fulfil the requirements of concerned consumers and regulators, and prove that they are responsible corporate citizens.
We will build a system with end-to-end supply chain traceability where downstream actors, especially end users will comply with their standards, expand sourcing from that particular supply chain, and can even support the mine financially, generating more business for everyone involved.
To address the first problem we’re looking to build a system in which actors in the supply chain only have to give up who they trade with instead of transactional data.