Blockchain wallet system Lohko announced it has partnered up with London-based blockchain tech firm Mattereum to launch a new ownership model of physical goods that will enable verifiable gold non-fungible tokens (NFTs) to be traded around the blockchain and attached to carbon offsets.
With the Lohko Wallet, investors may safely hold, purchase, sell or transfer ownership of physical gold bars, instead of just possessing an IOU. Meanwhile, Mattereum’s Asset Passports bind each separately numbered gold bar to a NFT; using legally enforceable smart contracts openly available on the blockchain.
This brand new ownership model pioneered by Lohko and Mattereum offers a lens to the sustainable and equitable virtual economy of the future. Verifiable digital identities, authentication, and provenance of each gold bar create translucent inventory information; and allows owners to find out whether their assets meet moral environmental and social standards while automatically investing in carbon offsets.
Additionally, verifiable gold NFTs will also enable artists to bind premium editions of the electronic work to physical collectors to buy and sell securely across marketplacesinvestors to have direct digital-physical possession. The gold bars held in Lohko Wallets are stored in secure vaults maintained by Lohko’s Singapore-based gold trade associate, Bullionstar.com
Mattereum Asset Passports
The Mattereum Asset Passport is a third-party verified digital identity for physical assets, saved on the blockchain. They may be delegated to a wide range of asset classes including; fine art, collectibles, luxury goods, aviation components, consumer electronics, and many more.
Especially, the Mattereum Asset Passport packages legal and digital agreements that denote true possession of an item. These smart legal agreements are cryptographically signed & procured on-chain; held in distributed storage networks like IPFS.
“Gold’s most important limitation as an investment group has been that its possession is hard to transfer. Typically gold buyers do not have access to secondary markets; NFT gold in a blockchain does not have this restriction. NFT gold owners can sell their gold anywhere and to anyone in any blockchain marketplace.””
Gold NFTs are a new kind of non-fungible blossom for physical assets, or electronic twins, that are blockchain tokens denoting digital possession of a tangible good saved on an immutable ledger.
“Once you are able to perform gold, the world’s most ancient asset class, it is possible to do anything. Putting gold on the blockchain in a way that provides such excellent defense for the rights of bar owners; across a vast range of potential situations, has taken immense hard work and will be a real gamechanger. We hope you’ll have the ability to trust the product of the alliance completely.”
Blockchain wallet system Lohko announced it has partnered up with London-based blockchain tech firm Mattereum to launch a new ownership model of physical goods that will enable verifiable gold non-fungible tokens (NFTs) to be traded around the blockchain and attached to carbon offsets. With the Lohko Wallet, investors can safely hold, purchase, sell or move […]
Lohko partners with Mattereum to launch gold bullion that is verifiable NFTs