Stimulate data availability
Compliance with international procurement and due diligence standards is achieved through reliable access to dynamic, independent information on the circumstances of mineral production and local trade.
A distributed, open-source platform supports the inclusion of a broad range of mining operations, and secures participation of a large number of manufacturers and other supply chain intermediaries.
Full supply chain discovery demonstrates better procurement practices, and reverts the industry-wide incentive to disengage and abandon vulnerable communities.
End-user demand for relevant supply chain due diligence information becomes an incentive for local communities and companies to operate more transparently.
Build customer trust
Product manufacturers can demonstrate full supply chain due diligence by accessing mine-level data, and associate their brands with better forms of engagement at mineral extraction level.
Filter sustainability claims
Ranking consumer brands based on their efforts to procure information relevant to their supply chain, and financially contribute to the upstream transparency process and positive local impact.
Technology adoption has intensified the flow of information available from the remote end of the mineral supply chain. Local whistleblowers now have the potential to contribute directly to their community’s narrative. More diverse sources of local data can warrant a more accurate, objective depiction of local risks and challenges.
Supply Chain Due Diligence
Companies that align their strategy to the business and development challenges of communities involved in their supply chain can now mitigate risk and help create value beyond immediate financial returns on investment. The OECD Guidance for Responsible Sourcing of Minerals from Conflict-Affected and High-Risk Areas provides a framework for supply chain due diligence.
In a context where costs associated with responsible procurement expectations are fundamentally passed through to mining companies and communities, the blockchain-based betterchain framework is designed to secure sustainable funding channels for upstream mineral supply chain due diligence.
Complex range of mining contexts (ASM mobility, LSM speculation)
Activity still largely rewarded through opacity / asymmetry of information
Smelting / Refining
Procurement hazard, blending and commoditization
Complex network of globally allocated expertise
Outsourcing and the zero-accountability brand value
Local collection innovation, in compliance with due diligence standards
Encrypted information, permissioned access
End-to-end supply chain due diligence and flow of information
Industry participants are incentivized to share relevant information (end-user demand + stake in the network)
Competition among brands to maximize discovery of mines and communities in their supply chain
Some of the World’s most vulnerable communities have been deceived by the broken accountability chain and undue discrimination
That problem of mine is yours
A significant portion of the international trade of medium- to high-value metals originates from artisanal and small ...
From bad to worse
There are two stages of knee-jerk, misguided response to upstream challenges exposed by supply chain activists.
The supply chain due diligence dilemma
Consumer-driven and regulated expectations on mineral supply chain transparency have generated negative economic ince ...
Companies that align their strategy to the business and development challenges of communities involved in their suppl ...
BetterChain shared expertise with participants in the hackathon organised by the Blockchain for Social Impact Coaliti ...
Twitter: @bipp_hub Website: http://www.bipphub.org/
BetterChain has global reach and decentralised objectives, yet Barcelona is where it all starts. For many years a mag ...