THE ROYAL CANADIAN MINT TRANSFORMS ITS GOLD REFINING WITH NEW DISTRIBUTED LEDGER TECHNOLOGY SOLUTION THAT TRACES METAL FROM MINE TO VAULT
Simply put, whomever has custody/ownership of the gold bar will have the ability to see the bar's custody history (e.g., Mint, financial institution, armoured car carrier, or London Vault).
- Simply put, whomever has custody/ownership of the gold bar will have the ability to see the bar's custody history (e.g., Mint, financial institution, armoured car carrier, or London Vault).
- DLT will log the transfer and ownership of a gold bullion bar.
- DLT allows the Mint to attach a provenance record to each gold bullion bar to enable the owner of the bar to view the origin of the gold within the bar.
- Parties registered as platform users, such as refining clients, armoured car carriers/logistic providers, financial institutions, and bullion distributors and dealers, will be able to access this data directly.