The use of blockchain technology in the project

For the precious metal mining industry, which has been fighting illegal mining methods for many years, the use of blockchain could be a turning point.

Blockchain is a digital registry that is distributed, decentralized, verifiable, and unchangeable. It can be used to record transactions of almost any value. The purpose of using the new technology is to increase the transparency of all transactions and ensure full traceability of metals.

Our project uses blockchain technology to ensure traceability of the history of mining of precious metals, as well as transparency of all transactions conducted with gold. Using modern technologies, we can:

- Certify the entire process of mining precious metals;

- Allow buyers to check the origin of the metal;

- Give a guarantee that the metal is extracted legally;

- Track all transactions and payments made as part of the implementation of GLDS project.

Our main goal is to make gold and other precious metals more accessible to a wide range of people using our GLDS cryptocurrency, ensuring transparency and security of all transactions conducted in our system.