Proud participant of The Clean Gold Initiative. Learn more →
Ethically sourced gold, traced mine to market
GoldChain leverages blockchain technology to ensure the authenticity and integrity of gold throughout the supply chain.
OUR TRUSTED NETWORK
revolutionizing the mining industry
Powering the Clean Gold revolution
track your gold
From the earth to your jewelry box
Every gram of gold has a unique story, and with GoldChain, you can finally uncover it. Track the entire journey of your gold, from the moment it’s mined deep within the earth to when it arrives in your jewelry box.
✓ Ethical sourcing
✓ Fully traceable
✓ Audited records
✓ Tamper-proof
✓ Secure data
✓ Logistics transparency
trusted supply chain
Gold sourcing logistics blockchain
GoldChain provides a secure, transparent blockchain platform that tracks gold from mine to consumer, building trust throughout the supply chain. It enhances traceability and supports the entire gold sourcing process.
✓ Miners
✓ Exporters
✓ Importers
✓ Auditors
✓ Refineries
✓ Jewelers
driving positive change
Empowering artisanal communities
GoldChain is committed to uplifting artisanal mining communities by offering mechanization and helping miners transition to safer, more sustainable operations, improving livelihoods across the community.
✓ Safer conditions
✓ Economic uplift
✓ Local support
✓ Increased productivity
✓ Reduced child labor
✓ Education and training
What is Clean Gold?
Clean Gold refers to gold that is ethically and responsibly sourced, free of conflict, child labor, and environmental harm. It also emphasizes transparency and accountability throughout the entire supply chain, from mining to retail, to ensure compliance with industry standards and regulations. Our signing of The Clean Gold Initiative represents a commitment to sustainability and social responsibility in the gold industry.
FAQs
Frequently asked questions
What is GoldChain?
GoldChain is a blockchain platform for the global gold supply chain that provides both transparency and traceability. It’s a consortium blockchain operated by a group of licensed and approved participants. With blockchain technology, GoldChain creates a tamper-proof record of every transaction from mining to end-buyer. This provides confidence in the authenticity and ethical sourcing of gold, verifying compliance with international regulations and standards. GoldChain fosters a responsible and sustainable gold industry by promoting responsible sourcing, virtually eliminating fraud, and enhancing supply chain efficiencies.
Who can participate in GoldChain?
GoldChain is open to everyone involved in the gold supply chain, from miners to retailers. Joining GoldChain means sharing information that creates transparency and accountability in the supply chain. Each participant’s identity is verified and their activities are recorded on the blockchain in a secure and tamper-proof manner, building trust and eliminating unethical practices like forced labor, smuggling, and fraud.
Is GoldChain accessible to the public?
GoldChain allows customers to view select blockchain data via a QR code affixed to product packaging, including gold source, mining and refining history, and supply chain journey. However, full blockchain access may be limited for security and confidentiality reasons.
How is GoldChain secured?
The security of GoldChain is maintained through several measures such as cryptographic encryption, identity authentication, and access controls. The consortium structure of GoldChain ensures that there are multiple parties responsible for maintaining and verifying the network. The platform is also subject to regular audits and testing to identify and address potential vulnerabilities. Finally, all data on GoldChain is stored on a decentralized network of nodes, which reduces the risk of a single point of failure or attack.
How is data entered into GoldChain?
Data is entered on GoldChain by the participants of the network at each stage of the supply chain. This data includes information about the origin of the gold, its mining and refining history, and its movement through the supply chain. The participants use a secure and user-friendly interface to enter this data, and the data is recorded on the blockchain in a tamper-proof and auditable manner. This ensures that the information on the network is accurate and up-to-date, providing greater transparency and traceability for all parties involved.
How does GoldChain use blockchain technology?
GoldChain leverages blockchain technology to create an immutable ledger of all transactions along the supply chain. Specifically, GoldChain uses the Quorum platform, which is a consortium blockchain that offers a high level of privacy and permissioning control. The platform uses a consensus algorithm to ensure that transactions are validated and recorded in a secure and decentralized manner. By utilizing these blockchain-based tools, GoldChain can increase transparency and traceability along the supply chain, reduce the risk of fraud and errors, and provide more trust and confidence in the gold market.
How does GoldChain prevent smuggling and fraud?
The GoldChain distributed blockchain technology enables tracking of gold from the mine to the market, ensuring that gold is sourced responsibly and processed through legitimate channels. The immutable record of the gold’s journey prevents fraud and smuggling by providing transparency and traceability throughout the supply chain. Additionally, the GoldChain consortium model ensures that all supply chain actors, including miners, exporters, importers, and jewelers, are properly vetted, licensed, and held accountable for their actions which prevents any fraudulent or illegal activity within our network.
What types of data are recorded on GoldChain?
GoldChain records data related to the origin, production, processing, transportation, and sale of precious metals and minerals, as well as relevant certifications and compliance documents.
What are the benefits of using GoldChain?
The benefits of using GoldChain include increased transparency and traceability of the supply chain, improved compliance with ethical and environmental standards, reduced fraud and counterfeiting, and enhanced trust and confidence among supply chain partners and consumers.
How does GoldChain differ from other supply chain systems?
Firstly, GoldChain is designed specifically for the gold bullion and jewelry industries, which means that it has features and functionality that are tailored to the unique needs and challenges of this industry. Secondly, GoldChain is a distributed blockchain platform that is controlled by a consortium of participants, rather than a single centralized authority, making the network more resilient and secure as there is no single point of failure or vulnerability. And finally, GoldChain provides a tamper-proof and auditable record of every transaction on the network, from the source throughout the entire supply chain, which enables greater transparency and accountability, and also helps to eliminate fraud, smuggling, and other unethical practices.
Question not answered above? Contact us →
Join the ethical gold sourcing movement
Register today as a supply chain participant to drive the future of Clean Gold and create a transparent and responsible industry.