Yesterday the Royal Canadian Mint announced it had implemented a distributed ledger technology (DLT) solution in collaboration with blockchain startup aXedras. The solution will trace the source of gold used in the Mint’s refinery and log gold bar transactions.
Almost two years ago, the World Gold Council (WGC) backed aXedras as part of its Series B funding round. It followed a collaboration between the WGC and the London Bullion Market Association (LBMA) to launch a blockchain initiative as part of the Gold Bar Integrity Programme.
“By innovating with Distributed Ledger Technology in our world-class refinery, we can now offer our customers end-to-end sourcing transparency, in addition to the industry-leading purity, quality and security of the gold we refine and of the bullion we produce,” said Marie Lemay, President and CEO of the Royal Canadian Mint.
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