MineHub Technologies Inc. announced that the MineHub platform for digitizing commodity supply chains is now available on SAP Store. The MineHub platform integrates with SAP Smart Business for SAP Commodity Management. Corporations can then use the MineHub platform to unlock the benefits of paperless trade and gain a new level of efficiency, transparency and security in their sales and procurement operations.

MineHub is a cloud-hosted platform where customers, suppliers and their service providers can securely exchange and collaborate on real-time, shared information like contracts, shipments, specifications, logistics, and ESG data. The data on MineHub is secured by a private blockchain network that secures the privacy, integrity and auditability of data shared amongst users. The MineHub network is global by design and runs on nodes in multiple geographical regions including mainland China, enabling companies to comply with data residence regulations or policies.

The MineHub platform brings the following benefits to participants in commodity supply chains such as miners, smelters, fabricators, steel mills and banks: Gain real-time visibility into supply chains and verify compliance of shipments with ESG, trade regulations and purchasing policies; Digitalization of trade reduces reliance on paper and helps producers to secure delivery to customers and associated cashflows; Sellers and buyers can automate their Scope 3 emissions accounting; Financiers can better monitor and manage their credit and operational risk through real-time visibility of the transactions and collateral they are financing; All parties benefit from a reduction in fraud and cyber risks.