FMF-Inspired Africa Minerals Strategy Group Marks First Anniversary
Johannesburg, South Africa
ABOUT
The Madini Protocol is a blockchain-based platform ensuring responsible sourcing and traceability of minerals in Africa.
A joint venture by the Africa Minerals Strategy Group (AMSG) and Verichain Technologies, it leverages the AMT token to promote responsible sourcing, enhance traceability and ethical practices of mineral supply chains in Africa.
Its inclusive approach supports artisanal miners, reduces compliance costs, and ensures data privacy. Key features include decentralized certification, a user-friendly DApp, and sustainable tokenomics, aiming to transform mineral trade globally.
ECOSYSTEMS
MINERS, Aggregators and Traders
Artisanal, Small-Scale Miners - ASM and Large-Scale Miners - LSM. Without proof of responsible sourcing, they’re often excluded from lucrative global markets.
Processors and Manufacturers
Potential brand damage if found using conflict minerals. Must align with regulations like Dodd-Frank or EU conflict minerals laws.
Certifiers and Regulators
Current due diligence processes are siloed, expensive, and time-consuming. Limited resources to scale operations across thousands of mining sites.
Logistics Providers and Banks
Mineral exports from African countries require certification of origin, quality and compliance with international regulatory standards (e.g., the OECD Guidelines on Responsible Supply Chains, Kimberly Process for conflict-free diamonds, US and Swiss KYC, LBMA Good Delivery, UAE Good Delivery).
PLATFORM
An open, interoperable protocol
Stores encrypted due diligence data in a way that only the authorized owner can decrypt.
Self-Sovereign Data: No central party (not even Madini) can see confidential data without permission.
Mass-Balance Approach: Amount of “certified” mineral must match actual production capacity and cannot exceed the limit set for each participating mine.
A Producer (mine) gets certified by a recognized Certifier (e.g., government body or an NGO). The producer then creates a Madini Certificate for a certain tonnage of metal, posting the data (like pictures, location info, etc.) to a distributed data store (e.g., IPFS).
When the producer sells that metal to a Downstream Buyer, the corresponding certificate keys (encryption keys) and ownership are transferred.
Ethical Concerns
Consumers increasingly demand proof that their products are conflict-free and ethically sourced.
The buyer can see the entire chain of custody up to that point (but no competitor’s data or future transactions).
Compliance with International Standards and Regulations: Due Diligence Requirements is putting pressure on financial institutions to ensure that their clients are complying with international regulations such as the DODD-Frank Act Section 1502 (which focuses on conflict-minerals).
Without verifiable data on the origin of minerals, it is challenging for banks to determine whether their clients are involved in activities that could breach compliance requirements.
A standardized digital solutions means that financial institutions don't have to rely on manual processes, which are more prone to errors and fraud.
Solution
The Madini infrastructure comprises several components:
Madini Protocol - An open, interoperable protocol that stores encrypted due diligence data in a way that only the authorized owner can decrypt.
Madini Smart Contract - Developed on the Ethereum blockchain, the Madini Smart Contract ensures: Registration of Mines with a max production capacity and Staking Requirement for DApp developers and certifiers to maintain quality and deter fraudulent activities.
Madini DApp - A user-friendly application where: Mines can upload or update their due diligence documents. Buyers can view, purchase, or verify certificates and Transactions in AMT tokens happen seamlessly in the background.
Madini Certificate - A Madini Certificate represents an immutable record of an amount of mineral (e.g., 2 tons of gold ore) tied to: Blockchain Layer - The on-chain record of the tonnage and ownership and Certificate Layer: Encrypted data (documents, photos, location maps).
AMT Utility Token - AMT is an ERC-20 token that governs the cost of transactions, incentivizes honest behavior, and facilitates the creation/selling of certificates. The token is used for payments, staking and governance.
TOKENS
Breakdown of our Token Recipients.
Start Time
9 Jan, 2025
Token Symbol
AMT
End Time
19 Apr, 2025
Tokens Offered
25.0 M
Soft Cap
10.0 M
Hard Cap
25.0 M
Pre-Sale
10.0 M
Public Sale
15.0 M
Total Supply
10.0 B
Token Emission
1%
ROADMAP
Madini aims to be the industry-standard protocol for minerals due diligence, reducing complexity and costs for miners, refiners, manufacturers, certifiers, and consumers.
Our Partners
DOCUMENTS
Download the whitepaper and learn about how Madini provides an immutable, self-sovereign, and decentralized method for verifying the origins and production history of minerals.
IN PRESS
NEWS
Africa Minerals Strategy Group Celebrates First Anniversary, Leading the Way to a Transformative Future for Africa’s Mineral Sector
London, England
AFRICA SETS GOLD STANDARDS FOR MINERAL SOURCING
London, England
AFRICA RESPONSIBLE MINERALS INITIATIVE OF AMSG
London, England
AFRICA SETS GOLD STANDARDS FOR MINERAL SOURCING
London, England
Contact Us
We are always open and we welcome and questions you have for our team. If you wish to get in touch, please fill out the form below. Someone from our team will get back to you shortly.
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+1 315 629 9904
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