Mining Giant BHP Completes $14 Million Iron Ore Trade Using Blockchain

Cointelegraph

Published Jun 29, 2020 04:44AM ET

Updated Jun 29, 2020 06:20AM ET

The world’s largest mining company BHP Group (NYSE:BHP) announced today that it completed a $14 million iron ore trade using a blockchain platform developed by the Canada-based technology company MineHub Technologies.

The transaction was carried out between BHP and China Baowu Steel Group, a subsidiary of the world’s largest steelmaker China Baoshan Iron & Steel, commonly known as Baosteel.

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