June 24, 2021 2-3.30pm London, UK time
Chief Operating Officer
Responsible Gold Supply Chain
Nirali Shah, Chief Operating Officer, Responsible Gold Supply Chain (RGSC) will present the end-to-end technology solution to help future proof the gold supply chain.
RGSC’s mandate is to provide technology-based solutions to help solve the trust burden on the precious metals supply chain. Since 2019 customers with responsible sourcing mandates have had the option to purchase Responsible GoldTM - conflict-free and responsibly sourced gold with blockchain-based proof of provenance and supply chain traceability – in a physical format as XRG or in a digital format as the G-CoinTM token.
To date, multiple miners, refiners, logistics provider and vault operators have tracked gold’s provenance and chain of custody on the blockchain with the Responsible Gold Supply Chain Application. The technology is overlaid with best-in-class ESG standards which provide a framework for the supply chain and its participants, so that its output can be affirmatively declared “Responsible Gold”.
To ensure the integrity of the bars in the Responsible Gold ecosystem, RGSC is creating GoldIDTM, an artificial intelligence powered image recognition technology to create and validate unique identities for gold bars in order to prevent fraudulent bars entering the ecosystem.
Together Responsible Gold and the G-Coin token provide an ESG uplift to the gold sector and bring gold into the digital age.
Head Of Sales at Source Certain International
Nathan will share with us the unique technology behind the original “Gold Fingerprinting”. Source Certain International (SCI) are global leaders in provenance science using technology that enables the verification of a product’s provenance, independent of ESG or Origin claims. Using proprietary TSW Trace™ technology, SCI analyses the relationship between a product and its environment by analysing trace elements, isotopes, chemicals and molecules to create a unique chemical fingerprint for the product and its matching location of origin. The construction of the product's chemical fingerprint allows Source Certain to verify the provenance of a product mid-supply chain.
TSW TraceTM forensic testing technology is used to determine the chemical profile of a material, which reflects the geographical location a product was grown or the system by which it was produced. Materials of unknown origin can be compared to developed reference databases to identify the source of a product.
Once profiled, regular audits and random sampling – via the collection and analysis of Verification Samples – will verify whether future production output matches the established chemical profile. Verification can occur anywhere along the chain, depending on your unique requirement.
Clients receive regular reports on the status of their supply chain and are alerted rapidly when there is an issue. The Source Certain team can provide customised options and help to determine the most effective sample plan (e.g. regular audits or random sampling) to meet your needs.