A closer look at the WEF’s Presidio Principles with Karuschain

Karuschain discusses what the WEF’s Presidio Principles mean for organizations developing blockchain solutions.

The World Economic Forum (WEF) has developed 16 blockchain principles, aligning private and public sectors in safeguarding the value of blockchain as the technology continues to evolve.

The “Presidio Principles: Foundational Values for a Decentralized Future” (“Principles”) is an initiative from the WEF’s Global Blockchain Council intended to lay out a foundational set of guidelines for those building a decentralized infrastructure using blockchain technology. …

In recent decades, technological innovation has been at the heart of business transformation. As wave after wave of disruption constantly reshapes the corporate environment, there are inevitably winners and losers. Blockbuster has become a classic case-study: they passed up the chance to buy Netflix for just $50 million in 2000. Blockbuster has since gone defunct, while Netflix’s market cap is over $130 billion. The retrospectively poor business decision notwithstanding, this is a quintessential example of what economist Joseph Schumpeter called “creative destruction”: the economy is driven by new technologies, processes, and relations supplanting the old. …

In 2017, the blockchain was thought to be a fledgling technology but was already 9 years old. It was a better-known entity by 2017 as the basis for Bitcoin, though people now know it’s so much more than Bitcoin. 2017 was also the year Karuschain began creating a blockchain platform designed to help solve mining’s biggest problems.

How do you develop a world-class technology for a $680 billion industry?

“My philosophy is to hire the best team, take good care of them and they will take care of the business. Therefore, the first step for Karuschain was assembling the best…

Up to 50% of miners in Africa are children

The Borgen Project, a nonprofit organization addressing extreme poverty, says in regards to the facts about child miners in the world, gold mining deserves a special mention as it exposes children to mercury-poisoning. High levels of poverty force families to send children under 18 to work in the mines. They constitute 30 to 50 percent of the entire gold-mining workforce.

A Global Problem

Unfortunately, Africa is not the only place where child labour in mining takes place. In 2019 in certain regions, child labour accounts for up to 50% of the work force. The…

Tracking down where everything we buy, especially in a world where same-day delivery has become more of a concern than who is selling us the products we buy, can be a difficult, if not impossible, task. It’s not that we don’t want to know or aren’t aware of dirty practices in various industries.

But just as reading every term of service you agree to would take you more hours than the average human lifespan, the same can be said about sourcing every part of your product’s journey from conception to production to purchase.

Blockchain can offer instant transparency and tracking…

How Karuschain works is simple! Really! It is a platform based upon a blockchain that implements smart contracts to make it easier to comply with all responsible sourcing guidelines. Karuschain finally enables meaningful compliance and transparency for the global precious metals supply chain and is built to support the supply chain compliance rails for not just parts of the industry, but the entire precious metals industry. It is through certain competitive advantages, an experienced team, and an idea of the bigger picture that Karuschain has carved out a path to differentiate itself from other blockchains and traditional supply-chain methods.


With a mission of giving the precious metals industries a blockchain of their own, the Karuschain project is being developed to correctly mitigate the many issues and challenges facing the precious metals supply chain process.

The initial implementation of Karuschain will provide the tracking and tracing capacity to limit the impact of the different global compliance burdens, and resolve the data integrity concerns experienced in the sector.

We are excited to announce that we have officially launched our application program to participate in the beta launch, and a number of key and passionate partners will have the opportunity to develop…

The precious metals industry is one that is rife with humanitarian issues, environmental concerns, and lack of compliance throughout. With so many hands involved in getting that gold into your iPhone or the silver into your circuit boards, there’s often a struggle in understanding the true nature of these supply chains.

Karuschain is dedicated to tackling and fixing these problems; by using blockchain technology to bring the necessary transparency and tracking to make smarter, more ethical decisions.

Here are some of the most immediate revolutions that the team at Karuschain is bringing to the industry at-large:

1- Blockchain Powered, Industry-Wide…

The mining industry as a whole has reached a tipping point in recent years and it’s being called to change from consumers and regulators alike.

Why now you might wonder? Well quite simply it’s all down to trends. Conscious consumerism is on the rise, meaning buyers want to know that what they are buying isn’t harming anyone involved, be it people or the environment.

Furthermore, mining is an industry that has been plagued with corruption and criminal activity for many years, making the task of regulation very difficult. It’s such activity in a number of industries that is pushing for…

Karuschain 🔸

Supply chain tracking and tracing platform for the precious metals industry built using proprietary blockchain technology.

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