Page 15 - Bullion World Volume 02 Issue 02 June 2022_Neat

GramChain facilitates fungibility, uses Chainlink Proof of Reserve The way forward
enabling practical swapping of gold to automatically monitor its gold While physical assets such as gold
and other precious metals between bullion inventory as reported by the might still be deemed a “barbarous
storage locations as well as physical GramChain API, delivering this data relic” by some, such sentiments are
redemption through fungible tokens. on-chain so that its reserves are misguided because physical assets
transparent and verifiable by anyone. represent distributed systemic
GramChain currently functions View the Chainlink Proof of Reserve wealth protection mechanisms that
as a Proof of Reserve for ERC-20 feed for Cache Gold Reserves. centralized financial assets can
compliant publicly traded tokens, never replace.
and we will eventually enable reliable GramChain and Chainlink Proof of
asset collateralization in addition to Reserve combine to establish a solid As we head towards rapidly
other approved services in third- technical infrastructure to enable increasing stagflation and
party vaults. CACHE Gold recently linking physical assets to fungible geopolitical strife, physical assets
adopted GramChain’s transparent tokens (such as CACHE Gold) securely stored in safe jurisdictions
architecture to monitor the gold and eventually non-fungible tokens represent sensible wealth insurance,
reserves backing its tokenized gold (NFTs) backed by real, physical which can be easily adopted by all
product known as the CACHE Gold assets stored in GramChain partner investors, large and small.
token (CGT). CACHE Gold also vaults.