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Bringing gold into the digital age with blockchain
The technology promises more transparency, security and speedier deals and it could also attract new participants at a time when investors are souring on gold-backed ETFs
Add BT as a preferred sourcePublished Thu, Aug 17, 2017 · 09:50 PM
New York
THE blockchain revolution is gunning for the gold market.
Public online ledgers that emerged from the explosive markets for bitcoin, a virtual currency, already have drawn the attention of businesses from banks to retailers which see blockchain systems as a revolutionary way to verify and record transactions. Now, companies including exchange owner CME Group Inc, IEX Group Inc spinoff TradeWind Markets and financial technology firm Paxos are rolling out similar platforms to bring gold into the digital age.
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