The Planet Wins

When Mining is Transparent

Blockchain technology providing a much needed answer to responsible precious metal mining.


Precious metals mining is a $680 Billion industry with no current means to reliably and responsibly track its products.

Total Addressable Market (TAM)
$680 Billion
Serviceable Available Market (SAM)
$72 Billion
Serviceable Obtainable Market (SOM)
$21.6 Billion

Karuschain will transform the supply chain with serviceable obtainable market of $21.6 Billion.

Karuschain Powers Responsible Mining

It's predicted that in 5 years blockchain will be a crucial technology within the mining industry, with governments and organizations like the LBMA and OECD requiring ever greater levels of transparency.

Using efficiency enhancing technology Karuschain gives mining companies a powerful tool to safeguard human rights, reduce risks and improve environmental regulations in their supply chain.

The Karuschain Protocol

The Karuschain platform uses the Hyperledger software family, our implementation of sophisticated smart contracts (chaincode), and the management of key data flows from legacy systems and innovative hardware throughout the precious metals supply chain.

Karuschain technology utilizes the Ethereum blockchain to secure its KRS token and the Hyperledger fabric protocol to implement private blockchain systems for enterprise. This ensures the secure management, tracing, and tracking of critical data throughout the precious metals supply chain.

Our enterprise software is modular by design, ensuring versatility that works seamlessly with a broad range of existing industry technologies and use cases enabling the deployment to be customizable, scalable and interoperable.

Standing Strong Since 2018.

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Join Us In Doing It Right

By investing in Karuschain you stand to make responsible ROI by helping us to improve the precious metals market and create a single source of truth right across the supply chain from provenance, to the mine and through to final purchase.

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What people are saying about Karuschain

"Introducing blockchain to the mining industry will create a massive opportunity for both of our organizations. This emerging technology will enable insights into datasets and untapped opportunities that are ripe for this industry. My team and I are excited where the last few months of intense collaborations with the Karuschain team have taken us, and we are ready to take on this market opportunity together."

Pieter Nel

President & CEO of MineRP

Our Team

Meet the Karuschain heros revolutionizing the mining industry. With over 270 years of combined experience in the precious metals industries worldwide, and has already successfully launched blockchain technology to tier 1 banks, our team has what it takes to address industry pain points head-on and transform the future of global mining.

Richard Verkley
Richard Verkley
Chairman and CEO

Richard Verkley is Chairman and founder of Karuschain. As a serial entrepreneur and businessman, Richard has decades of experience in bringing large scale commercial ventures to market. His past experience includes building international franchise organizations, implementing unique growth strategies, and successfully bringing new concepts to life in a multitude of industries. Richard has an ability to generate strong business plans with market opportunity in mind and he builds expert teams to support his vision. He is focused on applying technology to solve the environmental challenges in the mining and precious metals industries. Leveraging his experience of running a mining concern in South America, Richard has produced thought leadership in the industry, highlighting the use of technology in the sector. Some examples include: "The Transformative Potential of Blockchain in Mining" and "How Blockchain Can Ensure the Security of Gold Investments." One of Richard's current projects involve bringing a patent pending transformational technology to precious metals mining. The technology is designed to increase mining yields and integrate AI into the mining process for increased transparency. In his free time, Richard travels the world with his family and engages with his charitable organization, Hearts of Gold

James McDowell
James McDowell

James has over 12 years operations and finance experience working for major investment banks, such as JP Morgan, and most recently spent the last 7 years working at one of the world’s largest exchanges, Intercontinental Exchange (ICE). He has significant new business development and operational experience working alongside technology and fintech startups, and was involved in the first ever successful test of blockchain technology and smart contracts to manage the entire trade life cycle for credit default swap (CDS) trades back in early 2016, and has been an avid supporter of this game changing technology ever since.

Robert van der Zalm
Robert van der Zalm

Robert is a CFO of Karuschain. He has 28 years’ finance management experience in Consumer Products, Speciality Chemicals, Agricultural, Downstream Oil and Gas as well as Metals Sectors. Prior to joining Karuschain, Robert was Group CFO of Noble Group, a Singaporean listed commodity trading company. Prior to that Robert was CFO of BHP Billiton’s Global Aluminium business. Robert started his career at Unilever, he held a number of finance positions in Europe, Russia and SE Asia. He then joined Shell, holding a number of senior management positions in Finance and M&A in the Downstream business, before becoming CFO of its Gas and Power Trading business. Robert holds a Chemistry degree from Oxford University.

Bruce Wilkinson
Bruce Wilkinson
Head of Investor Relations

Bruce Wilkinson, MBA, PMP is an experienced Business Strategist/Project Manager who specializes in leading technology-focused enterprise initiatives and project teams from inception through to completion. Bruce brings a wealth of expertise in a range of industries to bear on each project he tackles. Experience includes complete life-cycle project management in business software engineering, business intelligence projects, implementing enterprise-level Electronic Health Records and Practice Management Systems, and projects involving large plant operations. Bruce has specialized expertise in corporate productivity, time management, and in the facilitation of positive team dynamics.

Nicky Lawlor
Nicky Lawlor
Relationship Manager

Nicky’s career to date spans organisations from start-up to SMEs, a European Institution and a FTSE 100 multinational. She has extensive experience in a corporate environment with a global remit. At Compass Group plc, she established and drove implementation of leading-edge Global HR projects into geographically dispersed businesses including Asia Pacific and Latin America. She played a key role in the development and global roll out of their Vision and Values, Employer Brand, Employee satisfaction measurement and Frontline training programmes. She was also involved in the implementation of Corporate Social Responsibility projects through a CSR awards programme. At the European Commission in Brussels, she spent 5 years as a contracts administrator on pan-European telecommunications projects. Other roles have included design and facilitation of business simulation training programmes in a multitude of sectors and for all levels of management for Creating Value Ltd, a niche training company. She is also a co-founder of cyberfen, a cyber risk awareness training company. Nicky is a Chartered member of CIPD and holdsa MSc in Business Leadership.

Tim Lindberg
Tim Lindberg
Head of Compliance and MLRO

Tim is the Money Laundering Reporting Officer (MLRO) of Karuschain. He started his career in taxation with a focus on Private client tax for 13 years. This included working for the Big Four, FTSE 100 clients and finally a niche consultancy firm which specialised in Hedge Funds. During this time, he became heavily involved with and interested in the firm’s compliance, CDD and regulatory requirements.

Tim formally made the move out of tax and into Compliance in early 2016, concentrating on AML/CFT. He is currently responsible for the compliance process for one of the AML/CFT Professional Body regulators in the UK and helps regulated firms meet their compliance requirements. He brings extensive knowledge of AML regulation, both in the UK and Europe, and continues to keep updated on regulatory changes, including EU Directives and regulations, CDD, Suspicious Activity Reporting and implementation of compliance manuals, policies and procedures.

Tim holds a diploma in International Anti-Money Laundering from the International Compliance Association and is a member of the Association (MICA). He is tax qualified in the UK and holds a BCom in Economics from the University of Johannesburg (RAU).

Our Strategic Partners & Advisors

Our strategic partners and advisors were hand-selected for their unique set of expertise in law, technology, marketing, and business.

Professor Jim Porter
Professor Jim Porter
Consulting Engineer

Jim Porter is a Consulting Engineer with 39 years operational, project management and consulting experience. He holds a BSc Hons Mining (Leeds University) and completed the Management Development Program (UNISA) and an Advanced Management Program (INSEAD, France).Jim commenced his career at AngloGold Ashanti, where he held a number of senior management positions including Production Manager (managing upwards of approx. 8,500 employees), Senior Project Manager and Mine Manager. During his time with AngloGold Ashanti, Jim ran several large shaft sinking projects, oversaw numerous technology and mechanisation initiatives as well as establishing a sound safety and production record. In 1997 Jim started a mining technology focused services company MineRP Solutions (GMSI) as Managing Director. He led corporate outsourcing contracts and developed the strategy for the internationalisation and growth of the Group mining business. After a spell heading the Consulting group at TWP Projects, in 2011 Jim started his own consulting company; Jim Porter Mining Consulting (Pty) Ltd (JPMC).

He is also a Visiting Adjunct Professor for the Centre of Mechanised Mining Systems at Wits University, Chairman of Tarrill Trading (a gold exploration and mining company in Zimbabwe), COO of Auroch Minerals NL (An Australian listed company) as well as a Past President of the Southern African Institute of Mining and Metallurgy, and previously the Chairman of both the Johannesburg branch of the Southern African Institute of Mining and Metallurgy as well as the Technical Programme Committee (TPC). He is also an Honorary Life Fellow of The Southern African Institute of Mining and Metallurgy.

David Pierini
David Pierini
Blockchain Technology

David began his legal practice in Silicon Valley focusing on advising early-stage startups. He transitioned to the role of global compliance project counsel for OnRamp Systems, a financial tech startup affiliated with Cisco Systems and IBM Watson. OnRamp specialized in using machine learning to solve complex regulatory issues such as implementing Dodd-Frank and its RRP provisions for one of the world’s largest banks and preparing for the transition to ASC 606 Revenue Recognition for Fortune 500 customers. He has spent time with McGuire Woods LLP and the legal department of Freddie Mac. David focuses on the intersection of legal and regulatory systems with the development of blockchain systems and smart contracts. He earned his J.D. from William & Mary and his LL.M. in Taxation from the Georgetown University Law Center.

Luciano Pesci PhD
Luciano Pesci PhD
Economic Advisor

Luciano is an economist, data scientist, and futurist. In addition to being a highly loved professor at multiple higher eds, he’s the founder and CEO of Emperitas, a business intelligence solution that combines data science with agile research and economic modeling

Stanislav Synko
Stanislav Synko
Blockchain Technology

Stan began his career in information technology advising startup and enterprise clients on the best possible technical implementation of complex systems and building software products. Stan is an early believer in both public and private blockchain systems. His work in the area includes: helping companies integrate smart contracts on the Ethereum blockchain; architecting award-winning public and private blockchain systems with a focus on Hyperledger; expertise in secure multiple signature solutions and bitcoin wallet development; and thought leadership (Stan conducted workshops and seminars about blockchain at Harvard, Rutgers Business School, AIS Educator Conference, and dozens of events in New York and California.)

Marc X. Ellul
Marc X. Ellul
Legal and Compliance

Marc X. Ellul has 25 years’ experience as a Gibraltar lawyer. He is the Managing Partner of Ellul & Co. ( and heads the firm’s fintech team. He is Chairman of the Gibraltar Finance Centre Council. Representatives of all of Gibraltar’s financial services industry associations are members of this Council whose objects are to promote the economic interests of Gibraltar by developing the finance centre. The Council meets regularly with the Minister for Commerce, Government officials and the FSC and has an important role in shaping finance centre policy and legislation. He was also Chairman of the Company Law Reform Committee which updated the Companies Act in 2014 and he formed a part of the team which drew up the AML guidance notes for Gibraltar lawyers. He now mainly practises as a corporate, funds, tax and fintech lawyer. He is actively involved in blockchain work in Gibraltar advising on the set-up of regulated cryptocurrency exchanges, token sale (ICOs) and on the establishment of digital asset investment funds.

Carl “Hank” Amon
Carl “Hank” Amon
General Counsel

Hank was a long-time partner of the international law firm, White & Case LLP, which is headquartered in New York.  During his career at White & Case, he served considerable time in the firm’s overseas offices.  These postings took him to London, where for five years he took a leading role in the development of the Eurodollar and Eurobond markets, Brussels, where he was involved in many continental financial transactions, Prague, where he lead the firm’s development of its Eastern European practice in the early 1990’s, and Hong Kong, where in the 1980’s he helped launch the firm’s Asian markets practice.  Mr. Amon has considerable experience of many different types of commercial and financial transactions, including those involving bank and project finance, mergers and acquisitions and infrastructure development.  Among other projects, Mr. Amon has been extensively involved since 2000 in airport development transactions in Jordan, Saudi Arabia, Croatia, Ecuador and Kosovo.

Herbert Sim
Herbert Sim
Blockchain Marketing Advisor

Herbert Sim is the founder of and Crypto Chain University, established in 2010, the oldest repository for compilation of Blockchain and Cryptocurrency research papers.

Herbert was also formerly the Chief Marketing Officer at; and Global Operations Director at Huobi Global. Former contributor to Forbes and Huffington Post. Herbert has a MBA from University of Wolverhampton, and BA in Mass Communications from Oklahoma City University.

Currently one of the less than 25 verified 'blue tick' public figures across all major social media platforms in the Blockchain industry.

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