RMG – The 21 st Century Gold Standard David Janczewski 4-6 JUNE 2017 Grand Copthorne, Singapore
A brief history of The Royal Mint 4-6 JUNE 2017 2
The Origins of Royal Mint Gold - RMG • Began investigating Bitcoin in 2012 • Growth in our physical bullion business • Identified a potential opportunity to use Blockchain technology as an efficient method of tracking ownership • But … . The business opportunity needed refinement 4-6 JUNE 2017 3
Why Gold on a Blockchain? • Why gold? – Gold has been a form of currency and store of wealth for millennia – Its limited availability, highly precious nature and global standardisation make it an ideal choice – The market is ripe for innovation • Why Blockchain? – Proven technology with 8+ years of “real - world testing” – Transaction efficiencies offered by technology – Move to a decentralised transaction model 4-6 JUNE 2017 4
A new transaction model The Present Model The Future – RMG Model 4-6 JUNE 2017 5
Royal Mint Gold - RMG • Provides direct ownership of physical gold • Will be exchange tradable and peer to peer transferable on a platform run by CME Group • The physical gold will be held within The Royal Mint’s secure vaults • Will have ownership recorded and updated in near real-time using block chain technology • Have zero annual management or storage costs • Ultimately deliver the best value gold investment 4-6 JUNE 2017 6
How do you deliver such a change? • Seeking to deliver confidence and certainty • Corporate grade infrastructure model • Security and reliability are key whilst also maintaining ease of use • Open, permissioned network to enable rapid deployment and trust • Multi participant model to ensure transaction validity and speed • Independent services to provide disaster recovery and legal enforcement capability 4-6 JUNE 2017 7
Just the beginning… • With 1000+ years of experience, The Royal Mint is taking a long term view and building for the future RMG is a Gold Digital Asset that is enabled by Blockchain and we are seeking to 1. Encourage participation – come and join the network! 2. Propagate innovation – how could you make use of RMG? 4-6 JUNE 2017 8
Thank you • For more information please visit: www.royalmint.com/rmg • Email: rmginfo@royalmint.com • Twitter: @RoyalMintUK 4-6 JUNE 2017 9
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