Issues Facing Precious Metals
The precious metals industry faces numerous challenges including lack of traceability, fraud, theft, counterfeiting, environmental impact, and regulatory compliance. These issues hinder efficiency and profitability, creating a need for a comprehensive solution. The estimated value of losses within the precious metals industry is between $100-$150 billion per year.
EMCO Networks Distributed Ledger Technology (DLT) is a platform that leverages blockchain technology to address the challenges faced by the precious metals industry. This platform is designed to enhance supply chain operations by providing a range of features including provenance tracking, authentication, smart contracts, sustainability reporting, and audit-ability.
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