The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to methodize “an international system of gold bar integrity, chain of custody and provenance.”
Gold Bar Integrity Initiative Will Help Investors Feel ‘Comfortable Knowing Where the Gold Is Coming From’
Joe Cavatoni, the World Gold Council‘s (WGC) head of global sales and regional CEO, discussed gold markets in a recent interview published Friday. Cavatoni talked about how gold is used in various products, which helps fuel demand for the precious yellow metal.
He highlighted that one of gold’s industrial use cases includes cancer treatment and gold is an ingredient in products like iPhones and iPads. Gold nanoparticles are also...
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