Blockchain users in the logistics sector agree that the technology will rapidly form a dominant infrastructure within supply chains and will soon become a regulatory requirement in digital logistics chains.
Indeed, it not only helps to secure the exchange of information between third parties, but also, and most particularly, offers a eans of responding to pressure from consumers wishing to know the origin of the goods and services they consume. It is already eyond dispute that this technology, – transparent, reliable and irreversible as it is – has already begun a revolution. Thanks to its changing
nature, blockchain makes it possible to ascertain the origin and production quality of products, but also to verify the commitments of the producers with regard to ethics and environmental responsibility.
In our case, in view of the sensitive nature of gold refinery operations and given our strategy of sourcing gold from mines in various countries, we had to develop flawless security protocols. That is why we digitised our supply chain in order to better ensure and verify the full traceability of the various stages and stakeholders.
Using blockchain to store all of the information connected with our industry was therefore the obvious choice at this stage of development. The real challenge was to transform our operational constraints into a marketing lever to reassure our end ustomers (jewellers, institutional and private investors).
In concrete terms, when a digital transaction token is created and registered on blockchain, this allows the various stakeholders within our ecosystem to ensure the quality and the fair trade origin of the gold and simply increasingly rapid exchanges