Yesterday Skuchain announced the launch of the ECO blockchain platform in association with Mitsubishi Corporation RtM, the company’s metals and minerals trading division.
The aim is to create a shared log of transactions, initially between Mitsubishi RtM and its customers, but this will later be expanded to other suppliers. The digital solution is important for the remote working environment triggered by the COVID-19 pandemic.
We’ve asked whether the blockchain will be extended into a full post-trade solution or sustainability tracking, but didn’t receive a response in time for publication.
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