Metal Events Ltd’s Forum: Under the microscope
A series of discussion groups where a hot topic affecting the metals industry is analysed by industry experts and its impact investigated. An informal and practical afternoon allowing for plenty of participation and interaction followed by networking drinks.
The second in the series is:
Blockchain Technology for the Metals Industry: Under the microscope
December 11 2018
14.00-17:00 followed by networking drinks
The Farmers Club, Whitehall Court, London SW1A 2EL
Blockchain technology is becoming more prevalent in everyday life as more industries are embracing it for payments and stock control. The very things that are necessary for reliability and integrity in a supply chain are provided by blockchain. Blockchain provides consensus—there is no dispute in the chain regarding transactions because all entities on the chain have the same version of the ledger. Everyone on the blockchain can see the chain of ownership for an asset on the blockchain. Records on the blockchain cannot be erased which is important for a transparent supply chain.
It is already being used in the diamond industry. De Beers uses blockchain technology to track stones from the point of mining right up to the point when they are sold to consumers. This give consumers the assurances that they are buying the genuine article. So is it now time for the wider metals industry to adopt it?
Topics of discussion:
• What are the challenges and opportunities for using blockchain?
• Can blockchain technology could be used to address flaws in metal trading?
• Can this technology reduce operating costs?
• How blockchain could help with traceability in the supply chain;
Our panel of experts including:
Harrison Mitchell, Director at RCS Global;
Douglas Johnson-Poensgen, Chief Executive Officer at Circulor;
Max Weiland, Open Mineral;
will discuss these and other topics during the afternoon.
If you are interested in finding out how blockchain could benefit/affect your business in the metals industry then come along and take part in the discussion.
The fee is £75 plus VAT for all bookings made by Thursday 11 October after which the fee will rise. Numbers are limited so don’t delay booking.