CAIRNS, Australia, July 7, 2021 /PRNewswire/ — Prime Technology Services, an end-to-end technology solutions provider best known for creating the MetaStreme scalable Bitcoin transaction engine, has today announced that it will partner with Predict Ecology, an environmental and ecological consulting firm, to develop proprietary blockchain-based business and operational infrastructure for Progressive Minerals, a mineral exploration and mining company. All three companies are based in the Cairns region of Australia and are driving blockchain business adoption in the Queensland area.
The agreement will see Prime Technology Services and Predict Ecology collaborate to build a proprietary blockchain-based infrastructure and system that when implemented, will span across the operations of Progressive Minerals, with planned innovations set to include:
– Mining and exploration leases tokenised as non-fungible tokens (NFTs) and stored on-chain, facilitating the assignment of individual rights and prospecting data.
– A method for recording and storing all business data streams on-chain, including environmental, operational, production and licensing data, demonstrating a commitment to data accuracy, integrity and transparency.
– A system for recording, storing, accessing and executing both commercial and licensing agreements directly on-chain, incorporating smart contract functionalities and offering a new level of surety and reliability for investors and business…