Canadian Mint joins private blockchain platform
By GCRU Gold News on Wednesday, December 21 2016, 23:05 - Permalink
The Royal Canadian Mint has joined a blockchain platform run by Goldmoney Inc, the first time in the world that mint-vaulted bullion has been traded on such a private digital ledger, the Canadian fintech company said on Wednesday.
The deal "lays the groundwork for further integrations by other countries and other mints," Roy Sebag, Goldmoney's chief executive officer, said in a phone interview.
Blockchain first emerged as the system underpinning digital currency bitcoin. The technology creates a shared electronic ledger that allows all parties to track information through a secure network, with no need for third-party verification.