--- title: New Digital Mining Model has Potential to Revolutionize Gold Industry description: Discover how digital mining, a revolutionary approach to gold mining using blockchain technology, is set to transform the industry. Tune in for more info! image: https://www.prospectorportal.com/hubfs/Peter%20Nowicki_On%20The%20Rocks_Banner.jpg --- Podcasts # New Digital Mining Model has Potential to Revolutionize Gold Industry Discover how digital mining, a revolutionary approach to gold mining using blockchain technology, is set to transform the industry. Tune in for more info! [ Prospector ](https://thenugget.prospectorportal.com/author/prospector) Nov 9, 2023 --- On this episode of the [On the Rocks Podcast](https://www.prospectorportal.com/on-the-rocks), host Emily King visits with [Pete Nowicki](https://www.linkedin.com/in/peter-nowicki-b2a2232/), the COO of [Arctic Digital Mining](https://arcticdigitalmining.com/). They discuss an innovative new approach to gold mining called digital mining. Developed by Arctic Digital Mining, this model uses blockchain technology to tokenize gold reserves while leaving the gold in the ground. Pete explains how he first became interested in blockchain and [cryptocurrencies](https://www.oswego.edu/cts/basics-about-cryptocurrency#:~:text=A%20cryptocurrency%20is%20a%20digital,you%20need%20a%20cryptocurrency%20wallet.) back in 2017, when interest rates were at zero and volatility was low. He met two Alaska gold miners who told him they had over 2 million ounces of gold just sitting in the ground, which Pete explains sparked his curiosity about the industry. The idea behind digital mining is that since gold's main utility today is as a store of value, you don't actually have to dig it up to realize its value. Using [blockchain](https://thenugget.prospectorportal.com/data-digitization-in-mining), you can tokenize the gold and sell digital tokens representing ownership of the gold while it stays safely underground. This avoids the environmental impacts of mining while allowing investors to still benefit from the value of the gold. One major advantage is that this model opens up gold investment to groups with strong [ESG](https://thenugget.prospectorportal.com/esg-in-mining-allison-coppel) mandates who previously couldn't invest in mining. The next generation of investors is much more environmentally conscious, so digital mining creates new demand from millennials and Gen Z. Alaska in particular tugs at investor heartstrings, so people like the idea of protecting its natural beauty while still benefiting from its resources. Digital mining also helps provide liquidity to landowners and miners sitting on undeveloped deposits they can't yet afford to dig up. And token holders collectively govern decisions about if and when to eventually extract the gold. This innovative concept has the potential to revolutionize how we think about realizing the value of natural resources. It certainly provides an intriguing alternative to traditional mining. We'll be following Arctic Digital Mining closely to see how their model develops! Looking for gold in Alaska? Be sure to check out the Prospector database to learn more! [![Start Your Prospector Trial](https://no-cache.hubspot.com/cta/default/8333928/2c54b161-6c4e-40a2-b56a-054430287a3e.png)](https://cta-redirect.hubspot.com/cta/redirect/8333928/2c54b161-6c4e-40a2-b56a-054430287a3e) [Podcasts](https://thenugget.prospectorportal.com/tag/podcasts) ## Similar posts Weekly Nugget ### [From Ore to Online: Using Social Media in Mining](https://thenugget.prospectorportal.com/from-ore-to-online-using-social-media-in-mining) In this week's nugget, we discuss how the mining industry can improve public perception with industry expert Dr. Haydon Mort, along with social media... Prospector Jan 25, 2023 Weekly Nugget ### [Exclusive Mining Insights And Perspectives](https://thenugget.prospectorportal.com/exclusive-mining-insights-and-perspectives) This week we're digging into the latest mining news, social trends, and sharing our Mining Futurist Community on LinkedIn! Prospector Nov 15, 2023 Weekly Nugget ### [Rich in Gold but Plagued by Effects of Mercury: Is There a Path to Safer Gold Mining?](https://thenugget.prospectorportal.com/rich-in-gold-but-plagued-by-effects-of-mercury-is-there-a-path-to-safer-gold-mining) In this week's Nugget, we're digging into the latest mining news, data, and trends. Prospector Oct 23, 2024 ### Subscribe to keep your finger on the pulse of the mining industry. Our weekly blog and newsletter, "The Nugget," offers readers an inside look at commodity prices, current events in the mining and commodities industries, and the latest 43-101 Reports published to the Prospector Portal. ![](https://px.ads.linkedin.com/collect/?pid=2416410&fmt=gif) ![](https://ws.zoominfo.com/pixel/61d5b9c48da8870015b6d236) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Prospector", "url" : "https://thenugget.prospectorportal.com/author/prospector" }, "dateModified" : "2023-11-09T13:49:28.822Z", "datePublished" : "2023-11-09T11:00:00.000Z", "headline" : "New Digital Mining Model has Potential to Revolutionize Gold Industry", "image" : [ "https://www.prospectorportal.com/hubfs/Peter%20Nowicki_On%20The%20Rocks_Banner.jpg" ], "mainEntityOfPage" : { "@id" : "https://thenugget.prospectorportal.com/new-digital-mining-model-potential-revolutionize-gold-industry", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.prospectorportal.com/hubfs/Prospector_3D%20Logo_Lockup%20with%20Tagline.png" }, "name" : "Prospector" } } ```