About Us

Digital Blockchain Technologies (‘DBT’) is set to disrupt the natural resources markets which includes mining of metals and the energy industries, revolutionizing the way these industries operate globally. DBT intends to revolutionize the way mining and energy companies conduct business by developing a blockchain enabled platform that enables mining and energy organizations to streamline their operations.

As a global organization, we are motivated to help mining and energy companies of all size and scale produce their products more safely, more environmentally friendly, more sustainability, more efficiently, more cost effectively, and more profitably. 

We build technology products that are secure, scalable, enterprise grade, patent protected, and built to be deployed globally using the cloud. We also specialize in the deployment and management of technology products, platforms, and suites used by the mining and energy industry globally.  

Through our work, we strive to enable the efficient movement and storage of data across mining and energy organizations and markets, while utilizing smart contracts to connect customers with products, streamlining and optimizing our customer’s supply chain.

We also strive to streamline many trading and back office processes across the trade lifecycle including order confirmations, invoice generation, settlement, audit, reporting and regulatory compliance. Together, this work allows our customers to reduce the total cost of ownership (TCO) of assets on their sites, improve site performance and yield, increase available working capital, globally connect infrastructure, streamlining their supply chains, and reducing time to market
for commodities and products.

Here is some additional information on the areas that we are focusing on:

1. SMART CONTRACTS

“Smart contracts” are a chain of commerce and a way of remotely policing workers. If a gold mine
is in Cambodia or another developing country, and the firm is headquartered elsewhere, business
standards can still be upheld everywhere.

DBT is focused on creating blockchain implementations that enable its partner organizations to create and execute smart contracts. These are the equivalent of legal contracts, yet instead of being open to interpretation, smart contracts are written as small snippets of computer code that get executed by a triggering event. They are testable, thus ensuring that the outcome can never be a surprise. Using this approach, one can create models and simulations to test various outcomes based on any number of factors, enabling execution and settlement to happen simultaneously. This eliminates both cost and risk from current contract structures.

When product is delivered to a customer, either the customer or even the transportation vehicle itself can assert to the blockchain that delivery has happened and the terms of payment get automatically executed and settled. No letters of credit, no financial institution intermediaries, no arguments, no misunderstandings, no excuses, no waiting. As more and more transaction migrate to smart contracts, it may even be possible to eliminate accounts receivable and payable functions altogether.

2. ETHICAL CERTIFICATIONS

DBT application is able to track precious metals within the supply chain “to ensure every milligram purchased by buyers has come from an ethical source and is not funding armed conflict in war-torn countries like the Democratic Republic of Congo.”  Our software uses blockchain to “instantly” ensure that its users know the origin of the precious and industrial metals.

3. ENVIRONMENTALLY FRIENDLY EXTRACTION PROCESS

DBT application is able to track precious metals within the supply chain “to ensure every milligram purchased by buyers has come from an ethical source and is not funding armed conflict in war-torn countries like the Democratic Republic of Congo.”  Our software uses blockchain to “instantly” ensure that its users know the origin of the precious and industrial metals.

4. REMITTANCES FOR VENDORS AND EMPLOYEES

Cost reduction: As mines operate all over the world, the expense of cross-border payments is a problem for the industry. Remittances are undergoing huge change thanks to blockchain. Not only could blockchain solve a security issue but it could also speed up the process of paying. Our blockchain technology will provide consumers secure overseas transactions from anywhere, in any currency.

Remittances on the blockchain can be offered to foreign workers to send money back to their loved ones in various foreign countries and to additionally allow companies to quickly make payments to vendors in a cost effective manner without delay and middlemen.

5. TOKENIZATION OF PHYSICAL ASSETS

One of the most fundamentally transformative capabilities blockchain brings to the Metals and Mining industry is its ability to tokenize physical items and allow for the distribution, sale and trading of these new representative digital assets without the costs and overhead involved in equivalent physical world manipulations of the asset. A perfect exemplar of this capability is the RMG product developed by the UK’s Royal Mint. This year, the more than 1,000 year old Her Majesty’s Royal Mint will begin offering a blockchain based digital token called RMG (Royal Mint Gold). Each RMG is the tokenized equivalent of 1 gram of physical gold located in the Royal Mint vaults. In issuing these tokens, the British Royal Mint is looking to transform the global gold trading market.

Today, when you trade in gold on the spot market, you are subject to fees such as handling and warehousing fees for the gold you own on paper. These fees add up quickly and can significantly effect the cost and profitability of gold trades. The Royal Mint RMG market is designed to eliminate these extraneous fees altogether and allow much more frictionless trading and exchange of gold value. The Mint is guaranteeing that RMGs will always hold at least as much value as physical gold by promising to buy back RMGs at current gold trading prices should RMG value drop below physical gold value for more than 3 days. Select Mint partners are even authorized to create, sell and trade their own derivatives based on RMGs. And to top all this off, RMGs will always be redeemable for the physical gold they represent. That’s right, you can trade in your RMGs for physical gold whenever you like.

6. PRODUCT PROVENANCE

Using blockchain to prove product provenance is another important area that our product suite intend to support. Today, The Kimberly Process is responsible for providing certificates of origin and serial numbers to ensure diamonds on the market are not blood diamonds. Taking this inspiration, we are seeking to create a production platform that enables mining and energy organizations to reporting real time data directly from the production process onto a blockchain system (as well as into other systems). Through this work, we will instantly be able to calculate and prove details such as product origin, custodial chain and the end to end carbon footprint involved in producing ore, energy, and other products. Furthermore, as our customers generate renewable energy elsewhere or seek to buy carbon credits to offset production emissions, our platform will enable these customers and regulators to ensure that proper accounting and counting occurs

7. ASSET MAINTENANCE RECORDS

Publishing asset maintenance records onto a blockchain supported system will provide a number of benefits. From a regulatory standpoint, these capabilities will enable our customers to more effectively prove ownership, maintain, and track assets. Moreover, if one of our customer’s was forced to sell their assets either due to a divestiture or shutdown, our platform will enable the purchaser to have cradle to grave records understanding for the assets in question. What’s more, for assets on active mining and energy operations, these assets could query the blockchain for maintenance and operator information, with programming built in to enable them to automatically order proper maintenance.

8. PROOF OF MARKET

DBT platform engineers are exploring adding capabilities to our platform that enable exploration companies and active mining organizations to record the movement of wellbore rock and fluid samples. Today, most mining organizations rely on vendors at nearly every stage in the mining process, contracting with geologists and shipping companies to collect samples and conduct analyses that drive business decisions that occur with parties distributed across continents. By leveraging the blockchain, any organization using our platform and approach would be able to more effectively share data with and between its vendors, enabling the organization to have a constant understanding of where its people, products, and assets are.