Australian Mining Giant Trials Blockchain, Completes $14 Million Iron Ore Transaction to China

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BHP completes first blockchain iron ore trade with Chinas Baosteel 350x209 1

According to a Reuters report on June 29, 2020, BHP Group completed a trial transaction worth $14 million with China Baoshan Iron & Steel Co Ltd (Baosteel). Iron ore was tracked and delivered through a blockchain platform offered by MineHub Technologies in June 2020.  Canadian-Based MineHub Offered Blockchain Services to BHP Group MineHub Technologies is based in Canada.

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