{"id":10798,"date":"2018-05-22T12:01:07","date_gmt":"2018-05-22T12:01:07","guid":{"rendered":"https:\/\/www.thermofisher.com\/blog\/mining\/?p=10798"},"modified":"2026-02-03T13:02:00","modified_gmt":"2026-02-03T13:02:00","slug":"mining-industry-explores-potential-applications-for-blockchain-technology","status":"publish","type":"post","link":"https:\/\/www.thermofisher.com\/blog\/mining\/mining-industry-explores-potential-applications-for-blockchain-technology\/","title":{"rendered":"Mining Industry Explores Potential Applications for Blockchain Technology"},"content":{"rendered":"

Our previous post, Can Blockchain Technology Save the Mining Industry from Cyber Threats?<\/a> discussed the many reasons why cyber attackers target mining company information, and how blockchain technology may be a potential solution. Here we expand upon more ways the mining industry may benefit from blockchain technology.<\/p>\n

Blockchain is perhaps best known as the digital encryption technology behind bitcoin, and now the technology is being explored for other data security applications.As explained in the Accenture.com article, Blockchain Technology in the Mining Industry<\/a>, <\/span>blockchain allows individuals to sign contracts automatically and electronically, without having to rely on a third party—such as a bank—to verify the contract’s validity. The idea is that eliminating the middleman reduces the exposure of data to hackers. Blockchain records and encrypts all transaction information. The website www.coindesk.com<\/a> offers a wealth of information explaining how bitcoin and blockchain work.<\/p>\n

Blockchain technology is being considered by mining companies to protect intellectual property, insider information, and other valuable data.  <\/span>A recent article on MiningTechnology.com, Blockchain: the path to a more transparent mining supply chain? <\/a>discusses other potential applications, such as identifying cobalt and other conflict minerals, and blood diamonds.<\/p>\n

In the article, international mining and metals consultancy Core Consultants managing director Lara Smith says, “What is being proposed in the mining sector is an industry-specific blockchain to prove provenance. Every action taken by an industry participant can be seen by every other player in that system; this could address transparency in the supply chain, and because every transaction has an associated digital fingerprint, uniquely identifying its owner it also creates auditability.”<\/p>\n

Examples include DeBeers, which hopes to use the tracking capability of blockchain technology to prove that all of its registered gems are conflict-free and natural, as well as a Congo-based initiative to use a blockchain system to trace cobalt. Citibank, Scotiabank and Société Générale with Barrick Gold Corp and INTL FCStone are partnering to use the technology for a pilot study to reduce transaction costs of gold. BHP Billiton is starting to use blockchain to share information between vendors, contractors, geologists and shipping companies to track and monitor movements of wellbore rock and fluid samples to secure real-time data and increase efficiency, as well as provide proof of provenance. Read the full article here<\/a>.<\/p>\n

For more mining industry news, visit the Cement, Coal & Minerals online learning center<\/a> and check out the application notes, infographics, product spec sheets, videos, case studies, and eBooks dealing with all aspects of the mining industry, from exploration<\/a> through processing<\/a>, mineral analysis<\/a>, and bulk weighing, monitoring, and sampling systems<\/a>, and more.<\/p>\n

This post is for informational purposes only.  We do not endorse any technology in this article, including blockchain or bitcoin.<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Our previous post, Can Blockchain Technology Save the Mining Industry from Cyber Threats? discussed the many reasons why cyber attackers target mining company information, and how blockchain technology may be a potential solution. Here we expand upon more ways the mining industry may benefit from blockchain technology. 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digital<\/p>\n","protected":false},"author":70,"featured_media":10819,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_monsterinsights_skip_tracking":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"division":[],"class_list":{"0":"post-10798","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-industry-mining","8":"entry"},"_selected_authors":[1288],"_selected_reviewers":[],"acf":[],"yoast_head":"\nMining 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Energy Dispersive X-ray Fluorescence (EDXRF) spectrometers play a vital role by providing fast, non-destructive elemental analysis of ores, concentrates, and intermediate products. This enables mining operations to optimize extraction efficiency, maintain quality assurance, and meet stringent industry\u2026","rel":"","context":"In "Elemental\/Geochemical Analysis"","block_context":{"text":"Elemental\/Geochemical Analysis","link":"https:\/\/admin.acceleratingscience.com\/mining\/elemental-geochemical-analysis\/"},"img":{"alt_text":"a rock showing signs of copper and gold.","src":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/iStock-1309478061.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/iStock-1309478061.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/iStock-1309478061.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/iStock-1309478061.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/iStock-1309478061.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/iStock-1309478061.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":2707,"url":"https:\/\/www.thermofisher.com\/blog\/mining\/potash-a-look-at-the-worlds-most-popular-fertilizer\/","url_meta":{"origin":10798,"position":2},"title":"Potash: A Look at the World\u2019s Most Popular Fertilizer","author":"Ali Somarin","date":"April 8, 2026","format":false,"excerpt":"Potash Explained Potash is one of the most essential fertilizers in modern agriculture, supplying potassium\u2014an irreplaceable nutrient that supports plant growth, crop yield, and overall food production. According to the U.S. Geological Survey (USGS), about 85% of potash is used in fertilizers, underscoring its critical role in global farming systems.\u2026","rel":"","context":"In "Data Management\/Lab Automation"","block_context":{"text":"Data Management\/Lab Automation","link":"https:\/\/admin.acceleratingscience.com\/mining\/data-management-lab-automation\/"},"img":{"alt_text":"potash evaporation ponds at mining site","src":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2014\/06\/iStock-1362567340.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2014\/06\/iStock-1362567340.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2014\/06\/iStock-1362567340.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2014\/06\/iStock-1362567340.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2014\/06\/iStock-1362567340.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2014\/06\/iStock-1362567340.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":1624,"url":"https:\/\/www.thermofisher.com\/blog\/mining\/a-halloween-treat-free-periodic-table\/","url_meta":{"origin":10798,"position":3},"title":"A Halloween Treat – Free Periodic Table","author":"Marlene Gasdia-Cochrane","date":"October 30, 2025","format":false,"excerpt":"No tricks here. Download this handy periodic table and X-ray energy reference guide to help in analyzing your mining samples. \u00a0It's our treat. Then visit our Mining and Minerals, Cement Production, and Coal Power pages for more goodies. Download Periodic Table.\u00a0 \u00a0","rel":"","context":"In "Elemental\/Geochemical Analysis"","block_context":{"text":"Elemental\/Geochemical Analysis","link":"https:\/\/admin.acceleratingscience.com\/mining\/elemental-geochemical-analysis\/"},"img":{"alt_text":"halloween scene with plastic pumpkin and candy","src":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/No-Tricks-.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/No-Tricks-.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/No-Tricks-.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/No-Tricks-.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2025\/10\/No-Tricks-.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13986,"url":"https:\/\/www.thermofisher.com\/blog\/mining\/best-practices-for-accurate-in-situ-geochemical-analysis\/","url_meta":{"origin":10798,"position":4},"title":"Best Practices for Accurate In Situ Geochemical Analysis","author":"Marlene Gasdia-Cochrane","date":"March 24, 2026","format":false,"excerpt":"In situ geochemical analysis refers to elemental testing performed directly on geological materials in their natural location, avoiding the delays and costs associated with laboratory testing.\u00a0 While in situ geochemical analysis delivers immediate elemental data, the reliability of those results depends heavily on proper field methodology. Portable analytical technologies used\u2026","rel":"","context":"In "Exploration"","block_context":{"text":"Exploration","link":"https:\/\/admin.acceleratingscience.com\/mining\/exploration\/"},"img":{"alt_text":"Mining truck on a dirt road in the Andes, Chile (near Embalse El Yeso, Caj\u00f3n del Maipo, San Jos\u00e9 de Maipo)","src":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/03\/iStock-2222354034.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/03\/iStock-2222354034.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/03\/iStock-2222354034.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/03\/iStock-2222354034.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/03\/iStock-2222354034.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/03\/iStock-2222354034.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":14123,"url":"https:\/\/www.thermofisher.com\/blog\/mining\/why-coal-chemistry-matters-in-coal-fired-power-generation\/","url_meta":{"origin":10798,"position":5},"title":"Why Coal Chemistry Matters in Coal-Fired Power Generation\u00a0","author":"Marlene Gasdia-Cochrane","date":"July 28, 2026","format":false,"excerpt":"Summary For coal manufacturers, product quality extends far beyond tonnage and\u00a0logistics. The chemical characteristics of coal directly influence power plant efficiency, emissions performance, maintenance requirements, and overall operating costs. As utilities continue to focus on fuel optimization and regulatory compliance, understanding coal chemistry has become essential for suppliers\u00a0seeking\u00a0to deliver value\u2026","rel":"","context":"In "Coal"","block_context":{"text":"Coal","link":"https:\/\/admin.acceleratingscience.com\/mining\/coal\/"},"img":{"alt_text":"Stone coal lump in scientist hand","src":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/07\/iStock-1371922462_coallab.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/07\/iStock-1371922462_coallab.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/07\/iStock-1371922462_coallab.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/07\/iStock-1371922462_coallab.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/07\/iStock-1371922462_coallab.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2026\/07\/iStock-1371922462_coallab.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/admin.acceleratingscience.com\/mining\/wp-content\/uploads\/sites\/3\/2018\/05\/blockchain-1.jpg","_links":{"self":[{"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/posts\/10798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/comments?post=10798"}],"version-history":[{"count":0,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/posts\/10798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/media\/10819"}],"wp:attachment":[{"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/media?parent=10798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/categories?post=10798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/tags?post=10798"},{"taxonomy":"division","embeddable":true,"href":"https:\/\/www.thermofisher.com\/blog\/mining\/wp-json\/wp\/v2\/division?post=10798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}