Shearman And Sterling

Gold Nuggets

September 26, 2019

How Can Blockchain Track Conflict Minerals and Help With Compliance?


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In recent years, more companies have begun marketing ethically sourced or “conflict-free” diamonds, gold and other minerals in response to growing consumer appetite for information on responsible sourcing. They are also increasingly subject to regulatory obligations aimed at improving due diligence and transparency with respect to the minerals in their supply chains. But how can the source of these minerals be verified while also helping the companies comply with regulations?

Associate Naffie Lamin (New York-Derivatives & Structured Products), counsel Jonathan Handyside (London-Capital Markets) and partner Cynthia Urda Kassis (New York-Project Development & Finance) wrote an article for which examines how blockchain could help verify the sourcing of these minerals and could assist companies that use these materials in their supply chains to comply with their regulatory reporting obligations pursuant to the U.S. Securities and Exchange Commission (SEC) “Conflict Minerals Rule” and its EU equivalent.

Read “How blockchain can track conflict minerals.”


Authors and Contributors

Naffie Lamin


Derivatives & Structured Products

+1 212 848 7375

+1 212 848 7375

New York

Cynthia Urda Kassis


Project Development and Finance

+1 212 848 7969

+1 212 848 7969

New York