Aims to Improve efficiency and transparency for the world's mining industry

Hypervine, the Glasgow-based start-up, has announced the start of a project, co-funded by the European Space Agency (ESA), to develop services which utilise space-based data to help extractive industries.

"Working with the European Space Agency is an incredible honour at  such an early stage in our development. I started out having seen the  potential to help a host of different industries bring their process  into a digital age, but also to help eradicate the all too often  catastrophic and sometimes fatal accidents that occur due to  miss-recorded data or lost paperwork. Now, I am working with some of the  sharpest minds there are, helping people on the ground in high-risk  work environments to not only be safer but be more sustainable in the  process." - by Hypervine's CEO and Founder, Paul Duddy

​Hypervine improves these services through its blockchain ledger, allowing for all satellite-sourced information to be guaranteed of the highest level of  accuracy, enabling quarry companies to increase profits and have unparalleled oversight of their operations through the adoption of space assets, such as readings for topography, liquid, mineral and density readings.

"The use of satellite-based data for mining work is already a sector experiencing huge investment and funding across private and nationalised space programs. ESA is very active in the development and deployment of innovative space-enabled applications that can quickly and effectively support better commercial outcomes. It is a core goal of ours to make industries such as quarrying safer, cleaner and more accountable. Working with companies such as Hypervine allows us to achieve these goals whilst improving the standards across multiple industries. It has been great working with Hypervine on this project and, we look forward to the next phases to come." - by Beatrice Barresi, Technical Officer at ESA Space Solutions

Mining companies have  to constantly adapt to ever-changing economic, environmental and  governmental policies making easily accessible, high quality and  up-to-date data vital. Obtaining the right information with the highest  degree of accountability often takes months. Numerous surveys have to be  cross-checked and compared on paper alongside satellite-sourced data,  by multiple teams in different locations. Through the implementation of  Hypervine's technology, data for mining teams and their subsidiaries is  clearly recorded on an unalterable ledger, removing the risk of small  changes being magnified down a chain, resulting in potentially  catastrophic yet avoidable dangers and miscalculations.

As  well as increasing accuracy when surveying and planning works on a new  site, reducing costs, margins for error and potential risks for teams on  the ground, implementation of Hypervine's systems also allows for wider  environmental savings through operational efficiencies and carbon  reduction.

There are currently a number of projects in planning to  develop digital tools using satellite applications, including a  proposed follow-on mining project to further increase the use of cutting  edge digital processes in the mining sector.

Hypervine's  technology has been developed by its Founder and CEO Paul Duddy, a product development expert with experience increasing efficiencies and reducing costs through digitisation and implementation of new technologies for a variety of industries.

Whilst already working with firms in Germany, the UK and the US including Galliford Try Plc., Hypervine was recently announced as part of the latest cohort to join the Scottish Centre of Excellence in Satellite Applications (SoXSA) / Tontine incubator in Glasgow. This will provide industry-leading support  in further developing Hypervine's satellite supporting technologies and  includes the start-up on the iGAP accelerator program.

​For more information on this Edinburgh based startup go to www,hypervine.io

Originally published at Blockchain News.