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.


TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves
China's Refining Industry Faces Major Shakeup Amid Challenges
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates
Baidu Cuts Jobs as AI Competition and Ad Revenue Slump Intensify
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit
Norway’s Wealth Fund Backs Shareholder Push for Microsoft Human-Rights Risk Report
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX
Intel Boosts Malaysia Operations with Additional RM860 Million Investment
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 



