An opaque, outdated and fragmented supply chain – Sprint 1 Learnings with FCDO
Minerals are fundamental for today’s modern society. They are in all electronics, from smartphones to electric cars. That is the demand. The reality of the supply is that many of the minerals come from artisanal mining in sub-Saharan Africa. Our strategic partnership with the FCDO and, in particular, the Frontier Technologies Livestreaming Programme (FTL) is […]
Bringing small scale mining into the 21st century with the backing of FCDO
Our mission is to secure the mineral value chain from earth to tech, from the moment a mineral comes out of the ground through the efforts of artisanal miners to the point where it is a component in your smartphone. We at Minexx use blockchain technology and digital payments to bring traceability, transparency and trust […]
How Blockchain can improve Artisanal Mining
The Current Value Chain is fundamentally flawed In the current system, mineral supply chains are complex and opaque. Their unnecessarily long and complex nature, due to many middlemen, often leaves end consumers confused and unclear as to where their minerals have originated from. The lack of traceability in the current value chains is preventing the […]
The Role of Government in Artisanal Mining
Why do Governments want to Reform? Governments in mineral-producing nations are committed to reforming the ASM sector due to how fundamental they are to their nation’s economy. In DRC, the mining industry provided over $1.5bn in public revenue, tenfold what oil & gas provided. However, this is a fraction of the industry’s true potential. To […]
Why digital payments and why now?
Why digital payments? Digital payments have been transformative in many industries and countries in the world. The Better than Cash alliance states that with digital payments there is a 47% reduction in incidents of corruption. Whilst bottom-of-the-pyramid workers benefit from financial inclusion that results in a 21% increase in output. Given this many countries have […]
Minexx complete digital payments pilot in DRC
Minexx has recorded the first export of minerals from DRC complete with digital payments certified on the blockchain. Digital payments have been transformative in many industries and countries in the world. The Better than Cash alliance states that with digital payments there is a 47% reduction in incidents of corruption. Whilst bottom-of-the-pyramid workers benefit from […]
Miners are like small-hold farmers
Many impact investors and VCs are unfamiliar with small-scale mining. To understand small-scale mining it is best to picture a rural farmer and go from there. Here are three similarities and one difference: Similarity 1: Miners are farmers Many small-scale miners farm. They use mining as their main source of income but supplement it with […]
Blockchain for Social Good
Minexx is a finalist in the Blockchain for Social Good award in Brussels 10th February 2020. This award is given by EU as part of Horizon recognizes leading technology companies using distributed ledger technology for societal good. Minexx tackles a fundamental challenge in today’s society: how to responsibly source minerals for people and planet. We […]
