How it Works
Our solution depends on input provided by upstream actors. This data is primarily accessed by mid and downstream actors. All data entries on the platform are digitally signed by the authors, with multiple automated and manual methods to verify its accuracy.
The system enables participating actors to input and share validated data, digitally signed by the authors, with multiple automated and manual methods to verify its accuracy. This includes transactional data, such as the quantity and value of the commodity being sold, as well as due diligence and know-your-customer information— for example relevant ownership and permitting information. Companies can also access monitoring and evaluation data directly from supply chain actors and the broader community to better understand the impact their sourcing practices are having on individuals and communities. Supply chain entities using the system can set specific permissions to:
• determine what data can be inputted and shared by each user;
• re-publish to Artificial Intelligence (AI) platforms; and
• integrate with SQL databases and publicly to a blockchain.
Monitoring and evaluation, traceability, and transactional data shared through the system follows every commodity as it passes through the supply chain. This enables consumer-facing companies to have an aggregate view of the data they need to determine the origin of the minerals in their product.
How Our System Benefits Midstream and Downstream Supply Chain Actors
It allows companies to know where their minerals come from.
It supports due diligence and risk monitoring, including actions taken to mitigate and address risks.
It provides concrete evidence for claims made to consumers.
It enhances and facilitates voluntary and regulatory reporting, such as:
• Section 1502 of the US Dodd-Frank Act;
• EU legislation that will come into force in 2021; and
• OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
How Our System Benefits Local Miners, Associations, Cooperatives, and their Communities
It increases access to international markets
It provides an opportunity to improve working conditions and demonstrate this improvement to midstream and downstream companies
It provides fair compensation for data and information
It provides the means to invest into alternative sources of livelihoods