In 2017 two friends got together to discuss ways to invigorate the mining and exploration sector. After 10 years in recession with the top 40 players sand bagging looking only at efficiency and their bottom line the eco system that exists in the mining industry had been interrupted. As such funding for exploration dried up and the smaller players were forced to mothball projects even though their upside potential was huge.
In the same period, renewable energy has gained tremendous pace with electric cars a common site and many cities around the world operating exclusively on green energy thus creating a new demand for key elements such as Lithium and Neodymium.
With exploration at a near standstill and an ever increasing demand an opportunity rang out to not only address the supply of these key materials but also to push the reset button on the way mining is carried out based on a foundation of environmental protection and real world ethics.
A new template needed to be created, a means to both fund exploration and meet the demand for low carbon footprint technologies but also the opportunity to lead the charge in how those materials are mined so as to protect the planet from its negative impact.
At the time neither of the founding partners at GeoBlocks™ had any intimate knowledge of Blockchain, but, through a mutual friend who happened to be in that space the concept of being able to deliver a fully transparent and all-encompassing means to monitor, document and finance every aspect of project became a reality and GeoBlocks™ and the GeoStandards™ framework was born.
At the time Blockchain was booming with every conceivable concept being adapted to a Utility Token or ICO. However, accountability was non-existent and there were no assets to underpin the value of the tokens acquired by investors. The boom and bust scenario was in full swing with some making outlandish profits whilst others were left with nothing of value.
As such when the Security Token or STO was introduced it came as breath of fresh air for many. Whilst still in its infancy the Security Token provides both the accountability that was previously lacking coupled with a direct link to the underlying value of the asset. This, along with the ability to ability to embed all of the criteria as set out by the GeoStandards™ Framework was to form the very DNA of the GeoBlocks™ business.
An old school industry coupled with the most transformative and disruptive technology in the market today to deliver the materials required for tomorrow built as a lighthouse initiative to lead the way in ethical, environmentally neutral mining through the GeoStandards™ Framework.
Charles Heather and Luciano Borges the GeoBlocks™ founding partners began rounding up a team of top Geologists, Business Leaders, Tech 4.0 innovators and leading figures from the financial community each with their own story each with a passion to protect the planet and bring about change to an age old industry.
To learn more about GeoBlocks™ the GeoStandards™ Framework or the Team please feel free to contact us at any time. More information to follow soon.
