What Is Blockchain and How Will It Change Your Life?
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Blockchain technology – What is it?
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Latest developments – Royal Mint Gold & CME, Goldman Sachs and Santander
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Why do we need it? It’s about value
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Blockchain is an extension of economics
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Blockchain allows us reduce uncertainty and risk
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How will it change your life?
By @Skoylesy . Editor @MarkTOByrne
For those of you who follow anything to do with blockchain and blockchain technology, you will know that the space has had its ups and downs in the last couple of weeks.
The exciting news is that two major players in the gold market, the Royal Mint and CME Group have announced a blockchain-backed gold project, and the surprising news is that the R3CEV consortium is apparently under threat.
Making a mint on the blockchain
The Royal Mint and CME Group have announced that they are working on a blockchain project together. The project will see the creation of Royal Mint Gold (RMG) digital tokens which will each be backed by 1g gold.
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