Teodora Hristova. Blockchain application in mining management

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Parent Category: Geo-Technical Mechanics, 2020

Category: Geo-Technical Mechanics, 2020, Issue 153

Geoteh. meh. 2020, 153, 133-137

https://doi.org/10.1051/e3sconf/202016800009

 

BLOCKCHAIN APPLICATION IN MINING MANAGEMENT

¹Teodora Hristova

¹University of Mining and Geology "St. Ivan Rilski"

Language: English

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.

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