Gold industry mulls to integrate blockchain to secure its supply chain
Tue, Mar 29, 2022 7:12 AM

Gold industry mulls to integrate blockchain to secure its supply chain

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London Bullion Market Association and the World Gold Council are betting that the blockchain will help to keep unlawful bullion bars out of the international market.

These bodies are mulling to develop a digital system to track gold via the supply chain.  

In a joint statement on Monday, they said the Gold Bar Integrity Programme will capture the transaction history of bullion from mine to vault.

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