Barrick and Cisco are partnering for the digital reinvention of Barrick's business, bringing together cutting-edge technology and expertise to unleash the full potential of mining.
In the first step of the collaboration, Barrick and Cisco will jointly develop a flagship digital operation at the Cortez mine in Nevada—embedding digital technology in every dimension of the mine to deliver better, faster, and safer mining. Building on the Cortez mine digitization experience, Cisco will support Barrick as it transforms its entire business over time—bringing digital technology to all of its mines as well as to its head office.
Digital technology will also improve Barrick’s environmental and safety performance. Predictive data and analytics will improve management of energy, water, and emissions. Real-time data capture will allow the company to be even more transparent with, and accountable to, its local partners—for instance by providing water monitoring information in real time. And the use of digital technology will enhance Barrick’s permitting activities, further increasing transparency to stakeholders.
As valuable as these new technologies will be in and of themselves, Barrick sees in them even deeper potential: to accelerate the cultural renewal already underway across the company. As Barrick has returned to its historical commitment to partnership, it has placed renewed emphasis on building and maintaining trust with its many stakeholders. The integration of digital technology into the heart of the business will allow Barrick to be all the more transparent with its partners. Furthermore, by embedding technology more deeply into the company, Barrick means to further reinvigorate its tradition as a bold, entrepreneurial company whose people are unafraid to challenge and surpass conventions.
After partnering with Wirex, the company was able to add XRP token support to its Visa card. Subsequently, the number of sign-ups and transactions on the platform had a considerable boost.
The very fine qualities of XRP continue to pull users and firms towards itself with the latest addition of Bitcoin Superstore. Earlier this year, Brad Garlinghouse, the CEO of Ripple said the only way of XRP decoupling from Bitcoin influence is through mass adoption.
This movement has supported the saying that the token has more utility than predicted and in fact the firm pushed up ahead and donated millions for humanitarian causes and charity. The first feedback was not that big, however judging from the most recent development Ripple is enjoying the last piece of the cake.
With the above announcement by Bitcoin Superstore via their twitter handle, users can almost in an instant complete settlements with XRP while purchasing from different retail outlets. These outlets being the leading ones like eBay, Amazon and others. If you choose to go for this option remember that XRP in the past has given out results of being cheap for both the merchant offering to accept the token and the user.
Or, even shorter, build a massive, level playing field in which assets can compete to bridge payments, then try to make XRP a winner on that playing field.
This is an ambitious, maybe even crazy, plan. But Ripple has raised tens of millions of dollars, has over a hundred full time employees, and our successes to date speak for themselves. That is, of course, no guarantee of success.