Blockchain is the underlying technology behind crypto currency. It keeps records of crypto transactions and secures the process. This technology is also being applied to other industries like healthcare, real estate, and finance.
Aside from these industries, it’s also being applied to gold. The World Gold Council created the Gold Integrity Program, which records each physical gold with a digital twin on the blockchain. This creates fungible, interoperable markets, and ensures trust in trading gold.
Using blockchain to build trust when buying and storing gold is extremely important since investors and central banks are loading up on the precious metal. Demand has also been increasing due to the high inflationary environment.
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