Yesterday, the
Perth Mint said it partnered with ASX-listed company Security Matters to ensure gold is ethically sourced by using blockchain and chemical markers. The trueGold initiative hopes to track gold from mines to refiners, vault operators, depositories, mints, wholesalers, and retailers.
“trueGold is a particularly significant development given the increasing focus on Environmental, Social and Governance (ESG) practices across the world pertaining to the gold supply chain,” Perth Mint Chief Executive Officer Richard Hayes said.
The Perth Mint is one of the world’s largest precious metals refiners. Meanwhile, Security Matters is an Israeli firm but is listed on the Australian Stock Exchange. Last year, it filed for a
blockchain patent in the U.S. for a marking, classification and identification method for cannabis plants and seeds.
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