Hong Kong plans gold token backed by 400-ounce bars for bank transactions
Hong Kong plans a gold token representing a 400-ounce bar for interbank trading, using HAU pricing as banks test blockchain-based gold settlement.
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Blockchain
A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.
It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.
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