Blockchain Protocol for Responsible Mineral Sourcing

Project Information

MINESPIDER

Grant agreement ID: 946437

DOI 10.3030/946437

Project closed

EC signature date 3 April 2020

Start date 1 May 2020

End date 30 April 2023

Funded under

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Total cost € 3 294 637,50

EU contribution € 2 306 246,25

Coordinated by

MINESPIDER AG
Switzerland

Project description

Promoting responsible mineral sourcing through an open blockchain protocol

In responsible mineral sourcing, raw minerals are procured in a way that respects human rights and protects human health and the environment. The EU-funded MINESPIDER project aims to transform the entire raw materials industry so that information on its sustainability becomes transparent and a commodity. It therefore proposes an open blockchain protocol and decentralised application that will enable stakeholders to introduce and track the origins of the materials extracted, irrespective of how they have been transformed during manufacturing. The project will play a role in unifying and standardising international efforts to address the conflict minerals issue.

Objective

Founded in 2018, Minespider is an open blockchain protocol and DApp for creating digital certificates to track minerals along global supply chains.
Minespider provides the “Internet for the circulation of due diligence data packets”

Minespider has built strong brand equity and mindshare, being recognised by key players in global supply chains, strong media presence, plus relationships with leading industry and development groups such as the Responsible Minerals Initiative.

Built upon blockchain principles, we offer all stakeholders in the chain the opportunity to introduce and track the origins of the materials extracted, regardless of their transformation along the manufacturing process to create transparent and non-corruptible value chains and a trusted environment without the need for any middlemen.

Our protocol is innovative, public, free and decentralized - designed to transform the entire raw materials industry so that information on its sustainability becomes transparent and a commodity. The Minespider Protocol is comprised of three key elements:
1. The Blockchain Layer: Decentralized, so that no single entity controls supply chain data.
2. The Application Layer: Enterprise software that grants access to the protocol.
3. The SILQ utility token: Allows the system to function without centralized control.

This innovation is the central part of our strategy and is highly disruptive. Our mission is to establish the Minespider Infrastructure as the best practice in terms of responsible mineral sourcing and value chain tracking for all stakeholders - upstream, downstream and worldwide. Ultimately, our innovation drives our overall strategy to unify and standardize international efforts to address conflict minerals.

Fields of science

• engineering and technology › environmental engineering › mining and mineral processing
• natural sciences › computer and information sciences › computer security › cryptography

Keywords

• tracking minerals
• conflict minerals
• responsible sourcing
• Corporate Social Responsibility
• blockchain
• non-corruptible value chains and a trusted environment
• raw materials
• sustainability

Programme(s)

• H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme
• H2020-EU.3. - PRIORITY 'Societal challenges
• H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies

Topic(s)

• EIC-SMEInst-2018-2020 - SME instrument

Call for proposal

H2020-EIC-SMEInst-2018-2020

See other projects for this call

Sub call

H2020-EIC-SMEInst-2018-2020-3

Funding Scheme

SME-2 - SME instrument phase 2

Coordinator

MINESPIDER AG

• Net EU contribution: € 1 221 291,11
• Address: DAMMSTRASSE 16 ; 6300 Zug ; Switzerland
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Schweiz/Suisse/Svizzera › Zentralschweiz › Zug
• Region: Schweiz/Suisse/Svizzera › Zentralschweiz › Zug
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 3 294 637,50

Participants (3)

Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

NW HINWISE SOLUTIONS UG(HAFTUNGSBESCHRANKT)

Germany

• Net EU contribution: € 149 107,78
• Address: NORDBAHNSTR 10A ; 13359 Berlin
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Berlin › Berlin › Berlin
• Region: Berlin › Berlin › Berlin
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 213 011,11

Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

WILLIAMS CHEMICAL CONSULTANCY LIMITED

Ireland

• Net EU contribution: € 128 434,60
• Address: COLIEMORE HOUSE COLIEMORE ROAD ; A96A8D5 DALKEY CO DUBLIN
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Ireland › Eastern and Midland › Dublin
• Region: Ireland › Eastern and Midland › Dublin
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 183 478,00

Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

MINESPIDER GERMANY GMBH

Germany

• Net EU contribution: € 807 412,76
• Address: DUNCKERSTRASSE 79 ; 10437 Berlin
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Berlin › Berlin › Berlin
• Region: Berlin › Berlin › Berlin
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 1 153 446,80