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Open Mineral, a physical commodities trading platform, has now closed an investment round $2.25 million to do just that.The idea is to increase the efficiency of the market for base and precious metal raw materials using blockchain. Its digital platform, Open Mine
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ral Exchange, will bring together sellers and buyers, mining and metals companies, allowing them to transact directly and securely, without intermediaries. It will also digitize and streamline the complicated and paper-heavy process.These newer trading platforms for physical commodities have been appearing in the last couple of years. Tradecloud, for example, addresses the refined metal market, while Metalshub focuses on ferroalloys. None of the curr
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ent platforms use blockchain.The Open Mineral model will rely on a success-based fee, which will depend on the value/chemical composition of the material and the volume transacted
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. The platform currently focuses on zinc, lead, copper, gold and silver concentrate markets, but coul Cxrr Watch this racing drone set the Guinness World Record for fastest drone
In addition to today launch, Layer is also introducing a new produ
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ct called Atlas, a toolkit that will allow developers to even more quickly integrate or customize an iMessage-like messaging feature in聽their iOS or Android applications.The idea behind Layer is that messaging can be a service that developers
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can add into their applications u
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sing only a few lines of code,聽simplifying what would otherwise be a more complex development project, and allowing them to focus instead on what makes their app different聽from the next one in terms of unique features or style. Layer supports the ability to send text, voice, photo and video messages, and can be used in either standalone messaging apps, or in apps where messaging is only one of many features, and not the app main purpose.After the service debuted at Disrupt, it immediately saw 2,500 sign-ups from interested developers who wanted to test the beta. Since then, Layer has grown its number of access requests to over 10,000.