Photo: Dan Brown
Precious metals streaming is a small, yet extremely lucrative, sector.
If you aren’t familiar with precious metals streaming, it refers to a company model that involves purchasing by-products of traditional mining – such as silver and gold – on a fixed price long-term basis. They maintain an ongoing agreement for gold, silver or any other precious metal, though industry leader Wheaton Precious Metals have recently branched into cobalt. You can find a comprehensive explanation of precious metals streaming here.
But where is the opportunity for blockchain in streaming?
The streaming market
Companies currently occupying the streaming space are limited. While there is a myriad of opportunities, there are only a small number of streaming companies globally. As such, it might seem strange that such a small sector would need blockchain.
However, precious metals streaming is the ideal application of blockchain technology.
This is because streaming companies deal with multiple streams of data from their various mines. Many companies have at least ten streams, all of which they have to collect auditable quality and CSR information from.
In such a niche sector, managers and executives do not have the time to deal with inefficient data processes. Yet there are limited data management systems designed specifically for streaming, given its industry size.
This is where STAMP Stream excels.
A platform made for the precious metals streaming sector
STAMP Stream is Blockhead’s blockchain-enabled platform for data management in precious metals streaming. It allows the user to visualize data in an easily consumable way and project forecasts for the future. The user can also identify any anomalies or issues that may exist within the data.
We recognize that there’s a need for improved efficiency and data management in streaming. That’s why we created STAMP Stream – because we want to make business easier, more productive and cheaper.