Rick Rule and Sprott Global have been working on setting up a blockchain based gold platform. Now it’s finally a reality. Just Monday it was announced that the trading platform is operational. The large gold producer Goldcorp is a shareholder in the venture and has just delivered gold bars to the Royal Canadian Mint to be held for fractional sale. This seems like a natural progression of blockchain technology. It will lower the costs and inefficiencies of buying and selling gold. It is certain to take off soon. Then let’s see it spread to other commodity markets.
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