01/25/2018

Solid-Gold Blockchain

How one organization is utilizing technology associated with the crypto-currency sphere

Traditionally, the blockchain has been associated with highly volatile forms of currency, like bitcoin, Ethereum or Ripple.

But an association that represents currency that is very much not considered volatile appears ready to hitch its wagon to the blockchain, too. The reason? Security.

The London Bullion Market Association (LBMA), which supports the world’s largest gold market, says that it is currently analyzing ideas to potentially use blockchain technology as a way to trace where precious metals came from, with a goal of preventing issues of conflict minerals, money laundering, and terrorism funding.

Please click here to read the complete article from Associations Now.