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Tag: precious metals

IBM Helps Jewelers to Avoid Blood Diamonds with Blockchain

Category: Blockchain, Business, Finance, News, Tech

IBM Helps Jewelers to Avoid Blood Diamonds with Blockchain

Dealers in gold and diamonds such as Richline Group Inc jointly announced with IBM on April 26, 2018, that the consortium will be developing watertight source material tracking using blockchain technology. Blood diamonds and other illicitly produced stones and minerals will be traced from source to attempted retail sale through the proposed blockchain application. IBM TrustChain Younger buyers are particularly…

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A Single Bitcoin Surpasses the Price of One Ounce of Gold

Category: Bitcoin, Commentary, News

A Single Bitcoin Surpasses the Price of One Ounce of Gold

For the first time in bitcoin’s price history, one bitcoin had exceeded the value of an ounce of gold, an asset that is often compared to the cryptocurrency. Trading at $1260 at the time of writing, it is also a new all-time high for bitcoin as well. Is it time for Bitcoin to join the ranks of gold and silver…

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