- INNOVATION – Commended
Mining Technology Excellence Awards & Rankings 2022 – The Verdict
DLT Labs is an IT services and consulting firm from Toronto, Ontario, Canada, with a particular focus on blockchain technology. The company is ranked in our INNOVATION category in the 2022 Mining Technology Excellence Rankings.
The company is ranked off the back of its work in improving traceability through DL Asset Track a distributed autonomous organization (DAO) platform.
In the mining sector specifically the company offers DL MineTrace, an enterprise-grade comprehensive blockchain-based platform that allows mining companies to trace minerals through the supply chain
In the mining sector specifically the company offers DL MineTrace, an enterprise-grade comprehensive blockchain-based platform that allows mining companies to trace minerals through the supply chain. Supply chain visibility is a big challenge in the industry and outdated practices can lead to security problems, financial loss and make reporting more challenging. MineTrace allows for visibility around materials across the supply chain through a single platform.
An example of the platform in action can be seen in the company’s work with Canadian mining company Teck. The two companies announced a pilot programme to trace responsibly produced germanium (a critical mineral) through the supply chain, from the Red Dog mine in Alaska, through to Teck’s Trail metallurgical refining facility and on to a manufacturer of fiber optic cable.
The pilot is in support of Teck’s sustainability strategy and DLT’s blockchain technology is used to provide visibility on important information throughout the process including greenhouse gas emissions, product certifications and responsible production assessments.
DLT Labs™ is the leading provider of blockchain-enabled technology and enterprise solutions for supply chain management and financing. DLT has extensive experience in managing and orchestrating complex, multi-party data, including the development and ongoing operation of the largest full production deployment of enterprise blockchain to date globally. DLT’s distributed platform, which includes DL Asset Track™, automates the end-to-end, continuous, and real-time integration and synchronization of multi-party data exchanged by supply chain partners, provides an immutable record including resource provenance and establishes a single source of truth.
DL MineTrace is an enterprise-grade comprehensive blockchain-based platform that provides end-to-end visibility across the entire supply chain. It leverages distributed ledger technology to obtain digital maturity by recording all transactions from the source of the metal to its journey across the value chain in real-time. It would also provide traceability to help mining companies adhere to compliance standards and certification of sustainable metals that would help increase its value in the supply chain.
DL MineTrace helps in capturing essential particulars like provenance data, specifics about compliance and sustainability standards, and supplier information. This allows mining companies to adhere to ESG norms, present the right data to their environmentally conscious consumers, better manage their supply chain, and improve trust between all players.