Gold industry taps blockchain for supply chain management and fraud prevention
Gold industry taps blockchain for supply chain management and fraud prevention 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. London Bullion Market Association (LBMA) and the World Gold Council (WGC) announced 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 exedra's and Peer Ledger. Cash Your Jewellery is one of the best Gold Buyer in Delhi . The ledger will be used to register and track gold bars at each stage of the production and distribution cycle, including mining, vaulting and purchase by jewelry manufacturers. The so-called Gold Bar Integrity Programmed is being supported by organizations such as CME Grou...