The Mineral Assurance Platform
The Big Picture View
Products on the Platform
The Mineral Assurance platform provides the necessary technology components for each of the products, which exist on top of the platform.
These products complement businesses and mining projects .
Products will be added to the MA platform progressively. This business growth will be a major driver of value over time for investors.
The portfolio nature of the platform provides significant security to investors.
Secure & Reliable Platform
User data is secured through zero knowledge encryption and is only available to the data owner. Our platform allows for the trading of permissioned data (revealed only by the data owner) to empower a data market.
Mining Data Economy
Mineral Assurance is creating a Mining Data Economy by combining a digital marketplace with blockchain technology. Users can request access and gain access to private data using units, thus exchanging mineral data for monetary value.
Mineral Assurance’s Data Economy must be capable of storing large volumes of natively-encrypted, unstructured, raw data. Extensive and diverse geoscience data requires a platform for uploading different types of data into a Data Lake, made accessible only to users.
Reward Units are issued and given to participants, uploaders and enrichers of data for their contributions. Industry players are also able to publish a bounty on the platform, and can purchase Reward Units for Master Units from the Treasury.
Mineral Project Financing
Innovative ways to invest in mining projects
MA Mining Project Financing offers a range of investment opportunities in mining projects by accepting payment in unit currencies. Investment options range from participation in unit offerings to more traditional funding mechanisms such as royalty streaming and IPOs. Mining projects seeking finance are assessed for suitability, and if accepted, will be positioned to our extensive database of potential investors.
Mining project owners get the benefit of financing options that can be structured to their particular needs such as off-book unit offerings that do not dilute company equity. At the same time, unit currency holders get the opportunity to diversify into other asset classes, thus broadening their portfolios and reducing risk in their investments.
MA Financing uses its extensive database of unit holders to connect investors with new and existing mining projects. Each project has its own risk profile and investors are able to select projects that match their risk appetites. Each project typically has its own investment time-frame which enables investors to select projects that meet their investment expectations.
Each financing project is managed under the investment framework issued by the Monetary Authority of Singapore. This includes the use of unit offerings.
Are you seeking funding for your project?
Sign up to list your project on the MA platform to be seen by investors.
Monetising mineral data
The MA Data Exchange is an online marketplace for geological and mining data. It effectively creates an industry data economy for the mining industry by monetising data that until now has been largely locked away as a private resource.
The MA Data Exchange creates value by bringing the efficiency of a blockchain-based transaction system to the process of mineral data exchange. It makes the exchange process frictionless, low-cost, fast and trustworthy.
The Exchange is actively supported by the mining industry which has confirmed the availability of a large supply of under-utilised mineral exploration data. Such data is critical for mining exploration, development and production. The efficient utilisation of this data will lead directly to increased mining activity.
The Exchange creates an effective and efficient “matchmaking” of buyers and sellers of data. The Exchange is made possible by the innovative use of blockchain technology which encourages mass adoption by rewarding participants with units.
The MA Data Exchange has a clear “first mover” advantage and is building momentum towards a dominant position in the mining industry.
Trading on the platform with project units (which are interchangeable with MAP units) drives efficiency and in turn leads to other services such as mining project financing, mining data validation, and other initiatives
Mineral Resource Index
Codifying mineral data to drive new mining development
The MA Mineral Resource Index enables users to upload mineral data that will facilitate the funding of mining projects.
The Index is a repository of the world’s mining-related resource data and enables investors to connect with resource development projects.
Available mineral data ranges from “inferred” resources to “indicated/measured” resources, as well as ore reserves that are “probable” or “proved”. Acceptable evidence of the classification of mineral resources and ore reserves includes JORC, SAMREC/SAMVAL and NI 43-101 reports.
Investors can indicate interest in participating in projects that undertake each stage of the mining development cycle. Investors can select investment projects that match their investment preferences (risk vs return).
Data providers (usually tenement or project owners) will be paid for uploading their data in units. This will encourage early adoption of the platform by users. All participants will gain access to the Index by annual subscription. Downloads of detailed reports can be obtained by paying a transaction fee.
The Index brings a new class of investors to the mining industry, matching investors to projects. It offers the blockchain benefits of security and transparency for transactions that are fast and low-cost.
Exploration Data Validation
Creating trustworthy mineral data
MA Data Validation enables the owners of exploration data to obtain certification as to the extent of the mineral reserves that have been established. The standard used for this certification is JORC which is the most widely accepted mineral data certification system in the world.
Smart Contracts Registry
Self-executing contracts that provide clarity and transparency
The MA platform will offer the capability to host “smart contracts” that are capable of being executed without the need for third party participation, whether in the form of escrow or “oracle” services.
Blockchain-Based Registry Services
Registry hosting to reduce costs, improve quality and save time
The MA platform will offer the capability for organisations, including Government organisations, to offer their registry services on the blockchain. Registration requirements relating to mining activities can be quite onerous for industry participants, and at the same time, the processes can be quite onerous for registry owners to manage. Blockchain technology can streamline these processes, generating significant savings for registry owners. The technology will deliver trustworthy registration that is safe from fraud, public and transparent.
Licensing Automation Services
Reducing transaction costs and errors
Licensing automation uses blockchain technology to remove transaction costs from the process of issuing licences. Blockchain enables transactions that are fraud-free, immutable, low-cost and transparent. Licences are critical to the operations of the mining industry, ranging from exploration licences to operational licences.
Licences are the fundamental control mechanism used by governments to control the industry, for purposes such as environmental protection, heritage preservation, royalty controls and rehabilitation obligations.
However, the licensing process remains largely unchanged over the years. Computerisation provided one impetus for change and now blockchain is providing the next generation of transactional improvement.
Data Aggregation Services
Data aggregation services that add value
Data aggregation is enabled by the network effect of more and more users signing up to contribute more and more data. It is powered by data analytics tools that create value by extracting information from what may otherwise appear as undifferentiated data. In the context of the mining industry, it leads to the discovery of viable mining options that may otherwise remain hidden.
Supply Chain Provenance
Using distributed ledgers to create sustainable sourcing
The world depends on the productive capability of industry. All manner of goods and materials are needed as feedstock for the productive process, whether its is dug up out of the ground or grown in it.
In the global economy, the source of that feedstock is rarely transparent. As a result, industry is often reliant on obtaining feedstock from suppliers that breach fundamental human rights (slavery and child labour), cause lasting environmental damage, exploit the poor and powerless, and risk poor quality of supplies.
This is not sustainable.
To create sustainable sourcing, what is needed is transparency, traceability, and tamper-proof data. Only if each link in the supply chain is able to trust those who went before it and delivers what can be trusted by those to who come after it can the whole chain be trusted. This requires co-ordination of data from all the stages in the productive process: extraction, processing, transport, storage, and production.
Distributed ledgers (blockchains) are the perfect tool for achieving these outcomes. Blockchain technology is designed to be secure. The data it carries is effectively immutable but can be made accessible to all. It is capable of creating a chain of provenance that is fully reliable.
By using blockchains to manage the supply chain process, we are moving towards a sustainable future. It enables market forces to drive out “worst practice” and reward “best practice”.
We call this process Provenant Sourcing.
Using the power of blockchain to host customised business solutions
The MA platform has the capability to host privately owned applications that gain benefits from residing on a blockchain. Such applications may not be visible to other users but will allow substantial interaction with all the various services offered on the platform.
Driving data accuracy in the supply chain
The MA Logistics platform enables users to monitor the performance of the various stages in the mining industry supply chain, from quantity monitoring to bills of lading.
World First Opportunity
This cutting-edge technology for the mining industry is currently in its early raising stage. Take advantage of this early opportunity now.
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