9 MAY 2019 – Vancouver / Perth – Blockhead Technologies Inc. (“Blockhead”) today announced that Wheaton Precious Metals Corp. (“Wheaton”), one of the world’s largest precious metals streaming companies, has come onboard as a customer of Blockhead’s enterprise solutions.
Wheaton will be leveraging Blockhead’s technology as part of the streamlining of its metal accounting processes. With a market cap of approximately 9.5 billion USD, Wheaton has streaming agreements relating to 19 operating mines and 9 development projects, and produced over 680,000 gold equivalent ounces in 2018.
Greg Leach, Blockhead Technologies’ CEO, said: “This is a great outcome for Blockhead and a testament to the expertise and vision of the Blockhead team. We look forward to delivering an outstanding outcome for Wheaton and delivering on our objective of building Blockhead into a market leader in our sector.”
Blockhead implements solutions ideal for simplifying the data management process and providing access to instant data analysis. The platform allows companies to have greater control over their current data, as well as access and visualise historical data.
Dr. James Allen, Blockhead’s Data Scientist, stated that: “Companies such as Wheaton can benefit from a streamlined data management process, along with greater assurance of data accuracy. This empowers them to better utilise their data to drive operational efficiencies and strategic outcomes.”
James Clarke, CTO and co-founder of Blockhead, said: “Blockhead Technologies leverages blockchain technology for multi-asset, secure digital record-keeping through the value chain. This extends to an organisation’s accounting and auditing capabilities. We are excited to bring Wheaton on as a customer, to share in our technology and mining expertise, and to enhance our customer’s operational efficiencies, increasing the value of company data and supporting speed to market.”
Blockhead Technologies is a software company creating blockchain-enabled solutions for the mining sector. It has headquarters in Vancouver, Canada, as well as Perth, Western Australia. Blockhead Technologies was established in 2017. Blockhead’s flagship platform STAMP aims to bring secure tracking and source certification into mining value chains. To find out more, visit blockheadtechnologies.com. You can also find them on LinkedIn or Twitter.
Josh Horneman, Advisor
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