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Precious metals and blockchain

Unsurprisingly the marriage of precious metals and blockchain is unfolding on a commercial level. Dubai Multi Commodities Centre is creating a precious metals refinery and storage facility using blockchain technology to source and track transactions.


The gold will be "tokenized" via the secure platform GoldExchange.com.


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"Blockchain technology can enable more transparent and accurate tracking of precious metals, ensuring there is no ‘dirty gold’ in circulation and illicit trades," said

Mike De Vries, chief operations officer of REIT Development."


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