Canadian blockchain company MineHub acquires Waybridge Technologies to offer end-to-end digital solution for the metal industry

03/08/2023 12:31 • Crypto & Markets • 71 views

On March 8, the Canadian blockchain company MineHub acquired Waybridge Technologies, a commodity ecosystem for metal industry consumers, and created end-to-end digital solutions for the supply chain from mining raw materials to the market. According to the terms of the transaction, MineHub will purchase Waybridge shares at a price of US $2.5 million, which will be merged into the company structure of MineHub. Scott Evans, the founder and CEO of Waybridge, will be appointed as a member of the Advisory Committee of MineHub and assist the MineHub executive team in commercialization and strategy development. （gtreview.com）

The blockchain company MineHub acquired the supply chain digital platform Waybridge at a price of 2.5 million US dollars

Analysis based on this information:

Canadian blockchain company MineHub has recently acquired Waybridge Technologies, a commodity ecosystem for metal industry consumers, in a move that aims to create end-to-end digital solutions for the supply chain. Under the terms of the transaction, MineHub will purchase Waybridge shares at a price of US $2.5 million, which will be merged into the company structure of MineHub.

With this acquisition, MineHub is looking to create an entire digital supply chain for the metal industry that starts from mining raw materials and ends at the market. The blockchain technology offered by MineHub will be integrated with Waybridge’s commodity ecosystem to provide customers with a more transparent, efficient, and secure supply chain process.

Scott Evans, the founder and CEO of Waybridge Technologies, will also play a crucial role in the transition. He will be appointed as a member of the Advisory Committee of MineHub and assist the MineHub executive team in commercialization and strategy development. This collaboration will bring together the technical expertise of MineHub and the commercial knowledge of Waybridge, which could speed up the development and adoption of digital supply chains in the metal industry.

The metal industry has been facing challenges such as volatile prices, supply chain disruptions, and the lack of transparency in transactions. By combining blockchain technology with commodity ecosystem, MineHub and Waybridge are expected to offer a more secure, efficient, and cost-effective way of doing business in the metal industry.

In conclusion, the acquisition of Waybridge Technologies by MineHub shows the potential of blockchain technology in transforming the supply chain process, particularly in the metal industry. With the integration of blockchain technology and commodity ecosystem, the entire supply chain process can be streamlined, secured, and transparent. The appointment of Scott Evans as a member of the Advisory Committee of MineHub also consolidates the position of MineHub and Waybridge in developing end-to-end digital solutions for the metal industry.

Overall, this acquisition is a milestone in the ongoing digital transformation of the metal industry, and it will be interesting to see how the collaboration between two companies will develop in the near future.

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