Karuschain Opens Applications for Blockchain Beta Testers Among Precious Metals Mining Companies

Leading the digital transformation of precious metals mining with cutting-edge blockchain technology, Karuschain (KRS) opens its doors to additional mining companies worldwide to participate in the official beta testing phase.

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Blockchain-enabled supply chain tracking and traceability software company Karuschain, working in the global precious metals mining industry is opening its beta tester applications.

Richard Verkley, CEO of Karuschain:

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“Together, this incredible team and I have combined over 270 years of precious metals and mining experience to arrive at where we are today. The industry is long overdue a transparent and innovative solution that focuses on the needs of its people, and the timing couldn’t be more ripe for that than now. Improving the current outdated, exorbitantly-costly and inefficient supply chain management practices is something we have been called to do, and also something I feel incredibly excited about. Each of us understands that digital transformation in the sector is no longer a matter of if, yet it’s a matter of when.”

Select companies will have the opportunity to work alongside a world-class team to understand the many facets of blockchain technology, the real-world use cases, and to have a framework for evaluating for their businesses. These companies will play a critical role with the Karuschain team to continue to develop the most valuable solution possible to meet the needs of the industry.

The Karuschain platform offers dramatic advancements and improved efficiencies for companies to be able to meet their compliance requirements set forth by global organizations such as the OECD and LBMA by leveraging blockchain and smart contract technology. Karuschain predicts companies to experience dramatic improvements, cost savings, and increased protections.

According to a report by the World Economic Forum, within the next ten years, digitalization could generate over $320 billion of industry value with a potential benefit of approximately $190 billion for the mining sector and $130 billion for the metals sector. The total for Mining and Metals is equivalent to 7% of industry revenue and 9% of industry profit.

To apply for your company to participate in the Karuschain Beta Program, apply online at www.karuschain.com. Applications will be reviewed on a first-in basis with a limited number of vacancies.

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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