The gold industry has launched a new pilot program that uses blockchain technology to improve the 'integrity and accountability' of the bullion market. Report by CT Business Editor forgeforth_
Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s intended to help market participants verify the authenticity of their bullion.Monday that they are collaborating to develop an “international system of gold bar integrity, chain of custody and provenance” that’s based on blockchain technology developed by companies aXedras and Peer Ledger.
The so-called Gold Bar Integrity Programme is being supported by organizations such as CME Group, Metalor, Barrick Gold, Brinks, Royal Canadian Mint, Newcrest Mining, Hummingbird Resources, Argos Heraeus SA, Asahi, Aura Minerals, Perth Mint and others. Initially developed as a pilot, the program will eventually be promoted for use across the gold industry, LBMA and WGC said.
Supply chain management is cited as one of the most promising use cases of blockchain technology. As Cointelegraph reported, more than half of the companies added to Forbes’ 2021 Blockchain 50 list were enterprises actively using distributed ledger technology to
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: Gold Demand Zone Holds Bears at Bay For NowIt’s a big week for Gold prices. The yellow metal came into the month of March surging on fear from the Russian invasion of Ukraine. Get your market update from JStanleyFX here:
Read more »
Gold Price Forecast: XAU/USD justifies Friday’s Doji, risk-aversion to drop below $1,950Gold Price Forecast: XAU/USD justifies Friday’s Doji, risk-aversion to drop below $1,950 By anilpanchal7 Gold RiskAppetite YieldCurve Ukraine XAUUSD
Read more »
Alaska internet ‘gold rush’: Billions could be headed to rural communities to close the digital divideTribal groups are competing for $3 billion, and even more money is available. The groups say improved internet and cell service in villages could be “life-changing.”
Read more »
Gold Forecast, News and Analysis - FXStreetCheck our updated for Gold News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News
Read more »
Woman Shot In Vehicle In Gold CoastThe 28-year-old woman was in the 1200 block of North Dearborn Street around 3 a.m. when an unknown person person shot at her from a gray four-door SUV.
Read more »
Gold Price Eyes Yearly High with US PCE Price Index on TapData prints coming out of the US may fuel the recent advance in the price of gold as the Fed’s preferred gauge for inflation is expected to increase for the sixth consecutive month. Get your weekly gold forecast from DavidJSong here:
Read more »