Angola Implements Blockchain for Enhanced Mineral Traceability
Angola's CCIGPMA and iTraceit partner to implement a blockchain platform for mineral traceability, expanding usage beyond diamonds. This initiative targets critical minerals including gold and lithium, aiming to boost investment.
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The Angola Chamber of Commerce for Gas, Oil, and Minerals (CCIGPMA) has partnered with Belgian company iTraceit to introduce a blockchain platform for mineral traceability, which currently covers 95% of diamond production in Angola. The project will expand to include gold, lithium, copper, cobalt, and manganese, with iTraceit responsible for compliance audits and real-time data validation.
CCIGPMA will focus on identifying international investors and facilitating negotiations. This initiative is expected to attract additional investment and improve Angola's standing in the global mineral market.
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