Gold market mulling blockchain for $200 billion of supply - News Summed Up

Gold market mulling blockchain for $200 billion of supply


Tracing gold supply is key to preventing metal that funds armed conflict from entering world markets, identifying owners and maintaining security from mine to vault. “Blockchain cannot be ignored,” Mirza, also general counsel of the LBMA, said in an interview on Monday. Tracing gold supply is key to preventing metal that funds armed conflict from entering world markets, identifying owners and maintaining security from mine to vault. “For us, it’s a question of where the gold comes from,” Mirza said. The LBMA oversees a list of refiners approved to supply the London market.


Source: Mint January 23, 2018 12:33 UTC



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