That is, it is Karuschain SecureCapture that is involved in the development and testing of your blockchain?
SecureCapture is our newest MVP
Will LBMA and OECD organizations use Karuschain to track mining companies that do not meet their standards?
Regulators like the LBMA and OECD are already pushing for improved environmental standards in mining. One of the biggest issues the mining supply chain faces; is the fact that the environmental stance of one country often does not match that of the next, and in such a global industry its difficult to keep track and ensure compliance throughout the entire process. This is where blockchain can facilitate regulation, by ensuring the secure management, tracking, and tracing of critical data as it moves through the supply chain.
Thanks for the latest news. Has your project already sold more than 10% of KRS tokens?
We have sold more than 45 millions tokens
Where will your companys revenue go? Will you buy back tokens to increase the price of the token?
Stay tuned, we will soon provide our tokenomics overview which will provide some insight into the future value of the token
Which mining companies have already participated in your IEO?
Karuschain is partnered with the world's largest ERP mining software company MineRP. As one of the key ecosystem system partners the teams have been working closely together and have now established proof of technology, a key milestone in Karuschains development. Prior to this Karuschain signed a landmark mining consulting agreement with Jim Porter Mining Consulting Pty LTD - JPMC International South Africa
Will it be possible to track gems in your service, not just metals?
They can but this is not our focus at this stage as there are others already doing this.
Tell us how is your token sale going? Did large venture funds take part and how many tokens have already been sold?
Angel investors, we have around 120 who have contributed approx $1.9m so far.
On each precious metal there will be a code by which you can see all the information about the product in the blockchain?
We will work with miners & use the secure data tracking & storing functionalities of our enterprise blockchain solution to help them meet any necessary rating criteria & improve compliance standards.
When is it planned to launch your Karuschain service and start providing services for mining companies?
The product is launched, our MVP SecureCapture has been announced and we will be bringing on PoC clients. It will be announced soon, stay tuned!😉
That is, you will not adhere to uniform standards and will be based on the legislation of the country in which the mining company is located?