The Gold industry is using Blockchain to regulate supply chains and avoid fraud The London Bullion Market Association (LBMA) and the World Gold Council (WGC) announced Monday that they are working together to build a global system of gold bar integrity, chain of custody, and provenance based on blockchain technology developed by aXedras and Peer Ledger. The ledger will be used to register and track gold bars at every stage of the manufacturing and distribution process, mining, vaulting, and jewelry manufacturer purchases.
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