Gold Bar Integrity Project - Update and Next Steps | Metals Mine

  • Gold Bar Integrity Project - Update and Next Steps

    From lbma.org.uk

    LBMA focuses on developing standards to recognise credible Security Features for gold bars, whilst continuing to follow the development of blockchain. The Request for Proposal (RfP) process has now concluded and is replaced with standard development which will encourage progress of multiple initiatives. Technology developments are integral to support market development. Technology can help to meet the requirements of regulators, but more importantly, if implemented appropriately, can contribute towards making markets more efficient. LBMA over the last year has been exploring how technology can address some of the ... (full story)

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bigtx
Jun 5, 2019 8:19pm
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I for one don't really get the attraction of the digital gold thing. There are gold guys and there are crypto guys. They are alike in a lot of ways, but different in a lot of ways too. Mixing them up could get dangerous - a bunch untrusting characters! Gold has proven staying power. Crypto has potential but no way you're convincing me that gold will lose all value.
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676f6c64
Jun 5, 2019 11:51am
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There is a lot of interest by service providers on tokenising gold by using blockchain technology.

This could be very interesting.
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