MineHub acquires Waybridge Technologies to provide end-to-end digital solutions for the metal industry

03/08/2023 12:31 • Blockchain Buzz • 132 views

On March 8, the Canadian blockchain company MineHub acquired Waybridge Technologies, a commodity ecosystem for metal industry consumers, and created end-to-end digital solutions for the supply chain from mining raw materials to the market. According to the terms of the transaction, MineHub will purchase Waybridge shares at a price of US $2.5 million, which will be merged into the company structure of MineHub. Scott Evans, the founder and CEO of Waybridge, will be appointed as a member of the Advisory Committee of MineHub and assist the MineHub executive team in commercialization and strategy development. （gtreview.com）

The blockchain company MineHub acquired the supply chain digital platform Waybridge at a price of 2.5 million US dollars

Analysis based on this information:

The acquisition of Waybridge Technologies by MineHub on March 8 is a significant development in the metal industry. MineHub, a Canadian blockchain company, has acquired Waybridge Technologies, a commodity ecosystem for metal industry consumers, to provide end-to-end digital solutions for the supply chain from mining raw materials to the market.

Under the terms of the transaction, MineHub will purchase Waybridge shares at a price of US $2.5 million, which will be merged into MineHub’s company structure. Scott Evans, the founder and CEO of Waybridge, will be appointed as a member of MineHub’s Advisory Committee and assist the executive team in commercialization and strategy development.

This acquisition will enable MineHub to expand its services by using Waybridge’s commodity ecosystem for metals, including aluminum, copper, and zinc, which are widely used in various industries. As a result, MineHub’s blockchain platform will provide end-to-end digital solutions for the metal industry, including tracking of raw materials, production, processing, transport, and delivery to the market.

The use of blockchain technology by MineHub will provide transparency, credibility, and security to the transactions in the metal industry. Blockchain technology is known for its ability to create a peer-to-peer network that is secure and trusted, as data is encrypted and distributed across multiple nodes in the network, making it virtually impossible for any unauthorized party to tamper with it. This will significantly increase the efficiency of the supply chain and reduce the risks of fraud and errors.

The appointment of Scott Evans as a member of MineHub’s Advisory Committee is a strategic move. He has extensive experience in the metal industry and has led Waybridge Technologies to become a successful commodity ecosystem provider. His expertise will be invaluable in developing MineHub’s commercialization and strategy, ensuring the end-to-end digital solutions provided by MineHub are suitable for the metal industry’s needs.

In conclusion, MineHub’s acquisition of Waybridge Technologies is a significant development in the metal industry that will provide end-to-end digital solutions for the supply chain from mining raw materials to the market. The use of blockchain technology will ensure transparency, credibility, and security in transactions, while Scott Evans’ appointment will provide valuable insights into the metal industry to develop effective commercialization and strategy.

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