Abstract
A new tool for achieving a sustainable business climate in mining is DLT communication and blockchain data recording. The introduction of DLT will help increase confidence among participants mining executives, employees, regulators and suppliers. The factors that interdict the implementation of DLT are classified. Each of them has been analyzed and models for data exchange among roles have been proposed for illustration. The example is for measurement of the energy consumed and the material mined for an open pit. A scheme for the introduction of correction in case of measurement unaccuracy has been developed.
Highlights
A new tool for achieving a sustainable business climate in mining is DLT communication and blockchain data recording
The presented conceptual model shows the benefits of introducing DLT for the mining sector and all retail outlets are undeniable – fairness among participants, traceability of material and energy flows, prices
The study of the regulatory framework revealed a trend for updating it, which proves that the implementation of DLT in all sectors of production is a matter of time and prestige
Summary
A new tool for achieving a sustainable business climate in mining is DLT communication and blockchain data recording. The introduction of DLT will help increase confidence among participants mining executives, employees, regulators and suppliers. In order to achieve a sustainable business climate and increase economic performance, mining and processing companies are constantly introducing new safety techniques and technologies [1], are studying forces in mining machines for optimization purposes [2], are investigating the energy efficiency of electrical network [3] or error reduction models in optimization processes, and data analysis and control [4, 5]. A new tool for sharing data between participants in a trusted process is DLT (distributed ledger technology). Distributed ledger communication provides security, resilience, chronology and the ability to overlay data without a centralized intermediary, making it a management tool across different sectors and industries
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