Norilsk Nickel, a Russian metals company, has announced to back IBM’s Responsible Sourcing Blockchain Network (RSBN), which takes the responsibility for sourcing and production in mining. 

As per the Russian nickel and palladium mining company, it would use RSBN to share data with selected members and keep a supply chain record of mineral production.

The agreement would cover the creation of metal-backed tokens on the global Atomyze platform that symbolizes physical assets in digital form. 

The RSBN and Atomyze platforms have been established on IBM blockchain technology and powered by the Linux Foundation's Hyperledger Fabric. 

Depending on joining the RSBN, Nornickel has agreed to have its supply chains audited annually against key responsible-sourcing requirements by RCS Global. 

Nornickel's vice president of sales and distribution Anton Berlin noted, "We believe that the digital technologies of RSBN and Atomyze will create the path for Nornickel and its partners to participate in a circular value chain, tracing commodity flows in near real-time as well as replacing cumbersome paperwork." 

December 2019 witnessed one of the largest cobalt producers, Glencore PLC, joined the RSBN, announcing to use RSBN’s Hyperledger Fabric platform for its cobalt production and become a full consortium member.