YAMANA GOLD
“ Tracing gold from the mine site right into a vault , and then ultimately to a currency that you can spend across the world or
to transfer money . That , for me , solves a real problem ”
– Tony Cina , Senior Vice President , Business Administration
“ So ideally that means every miner , every refiner , every logistics partner and everyone in the entire precious metals supply chain joins the ecosystem ; and Emergent is talking to all the major market players aiming to secure their participation . It is in everyone ’ s best interest to have one ecosystem that buyers , consumers and investors can depend and rely on . This is a unique opportunity for the gold sector to band together to further contribute to the improvement of social and humanitarian conditions in remote areas ”
Yamana Gold will utilise Emergent ’ s Responsible Gold Platform , the
only permissioned blockchain that tracks responsibly sourced gold from its origin through to the end buyer . Along with supply chain partners , Yamana Gold will use a secure mobile network that scans smart chips in tamper-proof seals to record transfers of custody and other data on the Responsible Gold blockchain .
“ We had a unique interest in the supply chain element of gold production ,” Cina says . “ We saw the potential to employ an innovative solution to an industry challenge and we recognized the benefit in developing that solution through collaboration .”
120 June 2018