World's Largest Mining Company to Use Blockchain for Supply Chain

The world's largest mining firm by market value intends to begin using the ethereum blockchain to improve its supply chain processes.

BHP Billiton revealed at the second annual Global Blockchain Summit that it will use blockchain to record movements of wellbore rock and fluid samples and better secure the real-time data that is generated during delivery. According to BHP geophysicist R Tyler Smith, the new system will enable benefits for its internal efficiency while allowing it to work more effectively with partners.

This is a very good thing for the cryptocurrency ecosystem because it demonstrates a valuable use case while simultaneously introducing the concept to bright business minds (with access to capital).

Right now, the competitors to BHP Billiton are looking at each other across board room seats saying 'What do they know that we don't? Hire some consultants. Lets figure this tech out.'

If you're pissed that they didn't pick 'your favorite blockchain', you're missing the point.

http://www.coindesk.com/bhp-billiton-blockchain-mining-company-supply-chain/