TECH BUYER Feb 2020 - IDC Perspective - Doc # US42712917

Blockchain in the Mining Sector: Will Blockchain Eventually Overcome Us?

By: Benjamin KirkwoodSenior Research Manager, Emilie DittonAVP, Energy Insights and Manufacturing Insights

Abstract

This IDC Perspective provides an overview of existing and potential use cases of blockchain in the mining industry. It also looks at what companies are offering and the potential benefits of blockchain adoption.

"Consumers are increasingly concerned about the origin and sustainability level of products from a range of industries. Their concern in the mining industry shows no difference, particularly in the case of precious gems such as diamonds. The ability to track the origin of a gemstone is just one of the many potential advantages resulting from blockchain use in the mining sector. With this, IDC sees blockchain adoption growing rapidly," says Ben Kirkwood, senior research manager, IDC Worldwide Mining Insights.


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