Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
news.bitcoin.com 17 July 2024 08:50, UTC
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold producer, emphasizes transparency, legitimacy, and responsible mining. The Comstack system, utilizing blockchain technology, enhances traceability and compliance with international standards. The system is operational at Freda Rebecca and Jenna mines, with plans to extend it to other minerals as production scales.