Goldtrace360
Learn About
Goldtrace360
Follow your gold from the mine to the vault, and into the cloud
Mining and sourcing of our own material
Raw gold is collected and taken to local smelters
The gold is smelted into 1kg, 22-carat gold doré bars
Gold doré bars are exported to Europe to be refined
The doré bars are refined in 24-carat, investment-grade bars which are stamped and numbered
Investment-grade gold bars are then delivered to IPMB vaults in the UK
Investment-grade gold is assigned to each GeM NFT, its whole journey to this point is recorded on the cloud
Mining and sourcing of our own material
Raw gold is collected and taken to local smelters
The gold is smelted into 1kg, 22-carat gold doré bars
Gold doré bars are exported to Europe to be refined
The doré bars are refined in 24-carat, investment-grade bars which are stamped and numbered
Investment-grade gold bars are then delivered to IPMB vaults in the UK
Investment-grade gold is assigned to each GeM NFT, its whole journey to this point is recorded on the cloud
Goldtrace360
Goldtrace in detail
Goldtrace360, developed by International Precious Metals Bullion (IPMB), is a product focused on providing refined pure gold from certified and responsible sources. Scheduled for launch in Q4 2024, it aims to enhance transparency and responsibility in the gold supply chain. The product involves sourcing gold doré from selected mines under long-term contracts, prioritising awareness of labour and environmental practices at these mines.
The sourced gold is processed by accredited refineries across various continents, chosen for their compliance with environmental standards and efficiency. All gold bars produced under this program must be produced by LBMA, EPMF or OECD-approved and accredited refineries that meet fine gold investment standards, hence becoming a part of the IPMB ecosystem.
A key feature of Goldtrace360 is the amalgamation of blockchain technology, smart contracts and IoT devices. These technologies are employed to maintain transparency in the supply chain and to preserve detailed records within the metadata of each GeM NFT minted by IPMB. The integration of smart contracts and IoT devices and sensors throughout the supply chain, from mining to vault storage, provides a continuous and automated monitoring mechanism. Goldtrace360 enables stakeholders to verify critical information about the gold, such as its origin, responsible sourcing practices, certifications, and supply chain data. The verification process ensures that the gold meets ethical and sustainability standards. Goldtrace360 also enforces criteria for responsible gold mining, including fair labour practices and environmental impact mitigation.
The use of blockchain technology in Goldtrace360 allows for transparency, enabling stakeholders, including consumers and regulatory bodies, to monitor and validate adherence to sustainability standards. This aspect of the program is designed to facilitate trust and credibility in the IPMB gold supply chain.
Goldtrace360, Launching Q4 2024
