Norilsk Nickel (Nornickel), the world’s largest producer of palladium and a major producer of nickel, copper and platinum, is the latest entity to join the Responsible Sourcing Blockchain Network (RSBN). The company aims to use the solution for nickel and cobalt.
RSBN enables its members to share data with other selected members and provides a permanent, immutable supply chain record of mineral production to trace and verify responsible sourcing practices in mining. All entities in the network are assessed annually by RCS Global Group against commodities sourcing requirements set by the Organization for Economic Cooperation and Development (OECD). Hence before joining the platform, Nornickel’s supply chain will be audited, from its Russian mines to refineries in Finland and Russia.
In the future, Nornickel expects the emissions or carbon intensity to be added to the blockchain for use by its customers in ESG data for end products that incorporate the minerals. Nornickel is also the founder of Atomyze, a B2B tokenization platform that represents commodities as digital assets, starting with metal-backed tokens.
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