Blockchain-based Supply Chain Traceability for the Mining & Extraction Industry

Medium Priority
Blockchain & Web3
Mining Extraction
👁️15452 views
💬557 quotes
$50k - $150k
Timeline: 16-24 weeks

Our enterprise is seeking an innovative blockchain solution to enhance transparency and traceability in our mineral supply chain. Leveraging cutting-edge Web3 technologies, the project aims to build a secure system to verify and track the origins, journey, and authenticity of mining products, ensuring compliance and fostering trust among stakeholders.

📋Project Details

In the highly scrutinized Mining & Extraction industry, ensuring the ethical sourcing and authenticity of minerals is paramount. Our project seeks to develop a blockchain-based platform that integrates with existing supply chain processes to provide immutable records of mineral extraction, processing, and distribution. By utilizing Solidity for smart contracts, Web3.js, and Ethers.js for Ethereum-based transactions, and IPFS for decentralized file storage, this platform will offer end-to-end transparency. Key functionalities include real-time tracking, automated compliance checks, and secure data sharing with stakeholders, underpinned by Polygon's Layer 2 solutions for scalability and cost-efficiency. Chainlink will serve as an oracle to ensure data accuracy from off-chain sources, further bolstering trust. This initiative caters to regulatory compliance and addresses consumer demand for ethically sourced products, providing a competitive edge in an increasingly conscientious market.

Requirements

  • Experience in developing blockchain solutions for supply chains
  • Proficiency with Ethereum smart contracts and Layer 2 solutions
  • Knowledge of supply chain processes in the mining industry
  • Familiarity with decentralized file storage systems
  • Capability to integrate Chainlink as an oracle

🛠️Skills Required

Solidity
Web3.js
Ethers.js
IPFS
Polygon

📊Business Analysis

🎯Target Audience

Mining companies seeking to enhance supply chain transparency, compliance officers, ethical sourcing advocates, and stakeholders wanting secure and verifiable product origins.

⚠️Problem Statement

Lack of transparency and traceability in mineral supply chains leads to compliance challenges and erodes stakeholder trust. There is a critical need to verify and securely track the origins and journey of minerals.

💰Payment Readiness

The target audience is driven by regulatory pressure and consumer demand for ethically sourced minerals, making them willing to invest in solutions that offer compliance and competitive advantage.

🚨Consequences

Failure to enhance traceability may result in lost business opportunities, non-compliance fines, and damage to brand reputation due to unethical sourcing allegations.

🔍Market Alternatives

Current alternatives include traditional ERP systems and manual record-keeping, which are prone to errors, lack real-time capabilities, and fail to provide an immutable audit trail.

Unique Selling Proposition

Our solution uniquely combines blockchain's immutability with real-time data and automated compliance checks, providing unmatched transparency and trustworthiness in the mineral supply chain.

📈Customer Acquisition Strategy

Our go-to-market strategy involves partnerships with key industry players and leveraging regulatory bodies to endorse the platform. Direct outreach to compliance and ethical sourcing departments will facilitate initial adoption.

Project Stats

Posted:July 21, 2025
Budget:$50,000 - $150,000
Timeline:16-24 weeks
Priority:Medium Priority
👁️Views:15452
💬Quotes:557

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