The London Bullion Market Association (LBMA) is to create a set of standards for blockchain-based gold tracking, as well as an oversight committee to approve and monitor technology providers. Ethical sourcing is becoming critical in such a high-value sector as precious metals. It will become even more important as reserves of metals such as gold diminish and scarcity develops. Proving the origins of gold could prevent smuggling from developing countries where mining practices can threatenRead MoreThe post Blockchain Could Track the Globe’s Gold Bullion by 2019 appeared first on Bitcoinist.com.
