The London Bullion Market Association (LBMA) and the World Gold Council (WGC) will jointly use enterprise blockchain to demonstrate that the gold is genuine and sustainably sourced.
Switzerland’s aXedras and Canada’s Peer Ledger will initially provide blockchain solutions for the integrity program, using the Corda and Hyperledger Fabric enterprise blockchains, respectively.
Permissioned blockchains make confidential data will only be available to those that have a right to see it.
Peer Ledger’s MIMOSI Connect solution has been used by Swiss gold refiner PAMP, and for other metals such as steel in a collaboration with Canada’s government. aXedras’ Bullion Integrity Ledger was used by SEBA Bank when it tokenized gold a year ago.
Ruth Crowell, the LBMA CEO, said that the initiative underlines the confidence that all participants in the market can have in the integrity and accountability of the gold they trade and buy.
LBMA first initiated work on its Gold Bar Integrity Programme in 2018.
Last year, Sentry published a report about the risk of buying gold in Dubai where the money funnels to armed groups that are responsible for atrocities in Africa. On top of that is the issue of child labor, particularly in the Democratic Republic of Congo.


WiseTech Global Denies Knowledge of Investigation Into Founder Richard White
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test
Australia Jobs Growth Strengthens Rate Hike Outlook
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates
Gold Prices Rise as Markets Await Trump’s Policy Announcements
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 



