UK-based blockchain firm Hypervine has launched a project in collaboration with the European Space Agency (ESA) to combine satellite data and blockchain for mining and extraction industries.
Hypervine uses AI and blockchain to streamline construction and mining workflows. By partnering with the ESA, it will offer satellite imagery to mining companies to efficiently mine a site, and minimize environmental damage. Space imagery will facilitate better infrastructure planning, better topography, liquid, mineral, and density readings.
Mining companies have to follow stringent rules for operating a site, which generally involves lengthy surveys. This data is vetted by local governments, to allow mining activity in the region. By leveraging blockchain, data from mining teams, survey teams, exploration teams could be collated on a single platform in a trusted and transparent manner.
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