Consumers Can Now Trade Gold on a Distributed Ledger

Symbiont, a distributed ledger provider, has partnered with Orebits Corp. to offer digitized shares of unrefined gold. Orebits clients can electronically trade smart certificates backed by gold reserves, according to a statement released on Wednesday. Orebits Corp. provides digitization services to trade commodity reserves. The smart certificates, called “orebits,” will have the same value as one…

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