Business
MineHub's Platform for Digitizing Commodity Supply Chains Now Available on SAP(R) Store
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - MineHub Technologies Inc. ( ...
About this update from Minehub Technologies, Inc.
[{"type":"text","content":"MineHub's Platform for Digitizing Commodity Supply Chains Now Available on SAP(R) StoreVancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\") is pleased to announce 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.\"The MineHub platform streamlines the exchange of real-time and high-quality data across operations teams, helping users to save costs, provide a digital solution for their customers and mitigate against key risks in their supply chains,\" said Arnoud Star Busmann, CEO at MineHub Technologies. \"SAP's footprint in our current and future customer base is vast, and this partnership is a logical and valuable step in our journey to becoming a provider of one of the most valuable platforms for commodity supply chains.\"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 policiesDigitalization of trade reduces reliance on paper and helps producers to secure delivery to customers and associated cashflowsSellers and buyers can automate their Scope 3 emissions accountingFinanciers can better monitor and manage their credit and operational risk through real-time visibility of the transactions and collateral they are financingAll...