This research demonstrates financial derivative trade of unprocessed materials, for the mining industry through legal smart contracts. Within the mining supply chain, a stock of mined resources can reside in a mineral stockpile for over twenty years without gaining financial interest and without undergoing the mineral extraction process to derive value from the asset. This research elaborates on a blockchain solution implemented to increase miners’ short-term cash flow for business operations through the issuance of derivative assets on mineral stockpiles which can be traded through legally binding smart contracts. The system is the first to enable mining companies’ access to the underlying asset’s value earlier in the production lifecycle through smart contract technology whilst providing hedge funds with access to new financial products for investment portfolios.

中文翻译：

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采矿衍生品交易的合法智能合约

这项研究通过合法的智能合约展示了采矿业未加工材料的金融衍生品贸易。在采矿供应链中，开采的资源库存可以在矿产库存中存放超过 20 年，而无需获得经济利益，也无需经历矿产开采过程以从资产中获取价值。本研究详细阐述了一种区块链解决方案，通过发行可通过具有法律约束力的智能合约进行交易的矿产库存衍生资产，增加矿工的短期业务运营现金流。