On March 27, Bloomberg reported, Russian billionaire Vladimir Potanin plans to create palledium-supported crypto currency tokens by palladium tokenize.
Potanin, CEO of Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel), is a member of the Palladium Fund cryptocurrency The unit plans to install tokens and wants to launch several digital platforms.
Bloomberg byThe platform will allow more streamlined operations. If a buyer discovers that they do not need all contracted volume in a purchase, they should either negotiate with the supplier or hold onto the supply until they find a buyer. However, with a given asset, they could easily sell their excess volume to a third party in appearance.
Palladium Tokenize Plans
Nornickel in a single company without affecting the wider economy of Russia's central bank blockchain type systems are developing a digital platform for internal operations to allow them to test regulation. However, the launch of the digital platform must be approved at the legislative level, and if Russia cannot adopt an appropriate law, Potanin will be ambitious in other jurisdictions.
Ir Palladium has various uses in various industries such as dentistry, electronics, jewelry, catalytic and photography. The price of the palladium futures in June dropped to about 112 dollars (7.9 percent) per ounce when it reached its highest level a week ago. Ay
Last October, Alrosa, another Russian mining giant, joined the Rusya Tracr dev pilot, a diamond supply chain platform created by the industrial giant De Beers. Tracr aims to increase transparency and consumer confidence in the diamond value chain from mine to retail. The solution works by creating a digital certificate that records key features and operations for each diamond.
In early March, the blockchain company Paxos has announced its digital token under the ain definitely this year Mart. Paxos CEO Chad Cascarilla, the company “It is excited about the concept of commodity purchase and that precious metals are really prominent, and I think the gold is the most decisive determinant“ He said.
Source: Cointelegraph