Business
Peat Resources Limited Engages Better Chain S.L. in Launch of Cobalt Blockchain Project
Peat Resources Limited Engages Better Chain S.L. in Launch of Cobalt Blockchain Project ...
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[{"type":"text","content":"\n\n\n\nPeat Resources Limited Engages Better Chain S.L. in Launch of Cobalt Blockchain Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 1, 2018\n\n\n\nTORONTO, March 1, 2018 /CNW/ - Peat Resources Limited (the \"Company\") (TSXV: PET) is pleased to announce that it has engaged Better Chain S.L. (\"BetterChain\") in the launch of the Company's project to provide a blockchain-based platform to demonstrate compliance of cobalt and other minerals (the \"Cobalt Blockchain Project\") with international standards on responsible procurement.\n\n\"Manufacturers and end-users are increasingly demanding more transparency on the origin of minerals to ensure compliance with international standards and that all materials procured are conflict- and child-labour-free,\" said Lance Hooper, President and Chief Operating Officer of the Company. \"To help meet these demands we are pleased to welcome Benjamin and his team to the Cobalt Blockchain Project. Their wealth of experience will add immense value to our efforts in developing an integrated platform for mineral supply chains with an immediate focus on unlocking the potential of ethically-sourced cobalt from the DRC.\" \n\nBetterChain is a Spanish company headquartered in Barcelona. Its principals are experts in the design of innovative solutions to encourage responsible procurement practices, with unique experience in conflict-free assurance for tin, tantalum, tungsten and gold supply chains. They maintain a strong local network in the Democratic Republic of the Congo (DRC) and among other mineral supply chain stakeholders. \n\nBetterChain will support the Company in establishing an integrated due diligence program for the cobalt supply chain, from the mining assets being developed by the Company all the way to cobalt end-users. BetterChain founder Benjamin Clair and director Hélène Helbig de Balzac, as well as the rest of the BetterChain team assigned to the Company's Cobalt Blockchain Project, will be working alongside Dr. Samuel Peralta, technology advisor to and a Director of the ...