McLaren Resources Inc. announced that the company plans to establish a new subsidiary corporation to develop a blockchain platform for mining industry information using a distributed ledger system for the transfer of data, documentation and related information. Mining industry data, including geological and other forms of mining industry information, will be exchanged by platform participants including participants who develop value on the blockchain platform. The blockchain platform will allow users to access an immutable record of mining industry information securely and efficiently. The project is in the early stage and is being developed using blockchain industry consultants and design services and associated value transfer systems. McLaren has engaged Just In-Genius and Block X Partners, two blockchain development companies, to begin work on the blockchain ledger system for the company. McLaren envisions that some equity in the new subsidiary corporation could be issued to key partners.