Volker Krümpel (General Counsel), Kerry Taylor (COO), Nathan Williams (CEO) and Ella Cullen (CMO) Nils Lucas





Minespider

Open Blockchain Protocol for Responsible Minerals

Blockchain
Founded in 2018
6 employees
Funding: €300K
Stage: Angel


Minespider is a blockchain tracking system for raw materials, ensuring products aren’t funding environmental or human rights abuses. Metals can be mixed together, making tracking difficult. Minespider treats metals similarly to green energy on the electrical grid. By tracking production amounts from responsible mines up the supply chain, manufacturers can show their money went to responsible sources, even if the metals themselves become mixed. Website
Highlight of the year: Presented to Steve Wozniak and received detailed positive feedback.


Interview with Minespider


What inspired you to found your startup?

In early 2017 I was excited about the possibilities of blockchain. At the same time, the Washington Post published an article on Conflict Minerals funding civil war in the Congo. I wrote everyone mentioned in the article, learned as much as I could about the problem, and the result was Minespider.


How are you different? What is your unique value proposition?

Minespider is a decentralized protocol running on a public blockchain. This means that, unlike private blockchains, everyone in the supply chain can transmit responsibility data to anyone else. It is encrypted such that only the owner, and no third party or competitor, has access to sensitive data.


How do you define success for yourself and your company?

Seeing major portions of the global mineral industry adopt responsible practices, enabled by Minespider technology.


What do you want to achieve next year?

In the near future, we will launch pilot projects proving mineral traceability is possible with our protocol, we’ll conduct a proper token sale, and we’ll bring in the major players in mineral industry, including the regulatory bodies and major manufacturers.


Why do people want to work at your company?

Not only are we dealing with cutting-edge technology, we are applying it in a way where we can make a positive social impact on the world, all while having a strong business model that will affect a $600 billion industry.


What has been the most important milestone so far?

Earlier this summer, the Responsible Minerals Initiative, an industry group of 350 member companies, drafted guidelines for blockchain solutions for the mineral industry. They cited our white paper, which increased our profile significantly.


Looking back at your whole development story — what makes you most proud?

I’m very proud that we took the time needed to really understand the problems in the industry and come up with a magic bullet solution to satisfy so many complex requirements. That was enough to make all of the big players take notice.


Where do you see your company in 5 years?

In the next 5 years, I see the company as being the dominant solution in responsible sourcing, with the largest brands all using Minespider for their mineral compliance.


What is your impression of launching a startup from your based city?

Berlin is still the hotspot in Europe for startups, and in the past few years has become the global blockchain hotspot.


What is your impression of the german startup scene? Would you change anything?

German regulations have been struggling to keep up with technology since the Berlin startup scene began. I would love to see a blockchain regulatory sandbox implemented for crypto startups here, as this would cement Berlin’s status as the global blockchain capital.



Minespider was featured in “The Hundert Vol. 10 – Startups of Germany“, November 2018.



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