The WGC executive believes the gold industry will integrate with blockchain in order to “help the industry standardize reporting.”
Cavatoni thinks that the GBI tech will help monitor gold transactions, gold quality, chain of custody, and sourcing. Cavatoni expects to have a “type of blockchain database construction in place to help the industry standardize reporting, [in order to] trace and track the integrity of gold bars, and take it all the way back to sourcing so that you can feel good and comfortable knowing where the gold is coming from.
Crowell insisted that the Gold Bar Integrity initiative was a watershed moment for the precious metals sector. “This is a major advance in furthering transparency for the common good of the gold industry,” Crowell said at the time. Cavatoni remarked during his interview on Friday that the “[gold] industry needs to be trusted by people that want to be a part of it.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thief steals approximately $25,000 worth of gold jewelry from W. Houston antique storeOne store owner in west Houston is seeking justice after she says a woman stole thousands of dollars in jewelry from her business earlier this week.
Read more »
Barber wins javelin gold after overcoming COVIDAustralian Kelsey-Lee Barber won Commonwealth Games javelin gold on Sunday, after defending her world title last month and then overcoming a bout of COVID-19.
Read more »
Canada win women's 4x400m relay gold after England are disqualifiedCanada claimed the women's 4x400m Commonwealth Games relay gold on Sunday after England crossed the finish line first but were disqualified for a lane infringement.
Read more »
Gold Forecast: Markets Pull Back from 50-Day EMAGold markets fell hard Friday as the jobs number came out much stronger than anticipated. Forex Gold Trading money
Read more »
‘Lucy And Desi’ Team On Finding Hidden Gems To Tell Love Story Of Lucille Ball And Desi Arnaz: “We Struck Gold” – Contenders TV: The NomineesMark Monroe, writer-producer of the Emmy-nominated documentary Lucy and Desi, calls Lucille Ball and Desi Arnaz “the most powerful couple probably Hollywood has ever seen.” Not only did the pair fo…
Read more »