Digitalization must go on

The Corona Pandemic made the stakeholders of the bullion market aware of their global supply chain’s fragility which caused trade disruptions and supply bottlenecks globally. Digital solutions such as the Bullion Integrity Ledger™ by aXedras™ should be considered in order to remove fragmented, paper-based and slow B2B process-flows. Our Blockchain-based bullion market solution empowers members to increase trust in each other in terms of ownership of goods, to provide transparency of goods and to ensure confidentiality of business transactions equally. Certainly, these are essential characteristics of the bullion market not only during uncertain times.

As a direct follow-up on our thriving Bullion Integrity Forum in Q1/2020 and despite the given limitations caused by the global Corona pandemic, we have successfully organized our virtual round-tables with major Swiss refineries, global logistics companies, significant regulatory bodies and influential NGOs in the last couple of weeks.

Targets of these virtual workshops were to

• expand the current scope of the Bullion Integrity Ledger™ to upstream through documenting and digitizing the product provenance,

• extend and refine the digitalized B2B logistics processes (both domestic and cross-border), and to

• simplify statutory and regulatory reporting obligations for the stakeholders of the precious metal industry.

If you want to learn more about aXedras™, the Bullion Integrity Ledger™ and interested in becoming a member of the aXedras™ ecosystem feel free to contact us at any time.