Britannia Mining (OTC: BMIN), a
natural resources development company focused on consolidating and trading a
wide range of mineral commodities, this morning announced its partnership with
Everledger Ltd. The alliance is of significance to Britannia’s vision for 2016,
enabling the company to execute its growth strategy, address industry
challenges by reducing risks, and add greater transparency in diamond
procurement.
UK-based Everledger provides an immutable
ledger for diamond certification and transaction verification in order to
efficiently track the origin of diamonds. The company stores its ledger on the
Blockchain, which was identified at the recent World Economic Forum in Davos as
one of the fundamental elements of the Fourth Industrial Revolution.
For Britannia, this proprietary
technology has the potential to incorporate tracking rough diamonds and
possibly other high value minerals and metals from mine pit/shaft through to
end-buyer.
“Our goal is to position the
company to leverage the best practices for our downstream sales business. This
year we plan to incorporate innovative and proven technologies to address some
of the obstacles we have seen impede mineral commodity trading, such as slow
inefficient paper based systems, risk, theft and fraud. We believe that this
collaboration with Everledger presents the best opportunity for us to embrace
state-of-the art digital solutions to reduce risk and improve the execution of
trading deals,” Britannia CEO Kenneth Roberts stated in the news release.
Roberts provided more explanation
of Britannia’s outlook for the upcoming year, indicating Everledger’s role in
this plan.
“At the dawn of the Fourth
Industrial Revolution, our vision is global and it is focused on addressing
trading bottlenecks that are systemic. We anticipate announcing new major
initiatives supporting this vision as this year progresses,” he said. “Managing
risk lies at the heart of trading high value precious gems and metals.
Digitization at source could go a long way to add value to due diligence, fraud
detection, custody settlement and title transfer mechanisms. Last year we
demonstrated that we can source quality products. This year, our focus is on
adding an additional layer of transaction security to augment our offering and
potentially speed up deal closing procedures.”
Roberts further outlines the
company’s vision in an interview with Europe and Middle East Outlook Magazine
(www.emeoutlookmag.com) scheduled for release January 29, 2016.
For more information, visit
www.britanniamining.com
About QualityStocks
QualityStocks is committed to connecting subscribers with
companies that have huge potential to succeed in the short and long-term
future. We offer several ways for investors to find, evaluate, and learn more
about investing in these companies.
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment