TY for the post. Nice IOTA initiative for the mining sector. I think a 2nd phase of this DigIT project should tie this into ‘trusted price discovery” for actual metal forms (raw, wip, or processed) as they are offered for sale to buyers and posted to the Tangle as Qubic SCs which feed various DEX and central exchanges with “trusted price“:” ask positions.

In doing so, IOTA enables a much better digital ‘paper’ exchange in say the gold exchange market, where the ask position actually matches the hard store of value in what is the metal (gold) that is actually physically available for sale from miners as, either raw ore of a certain grade or, as the finished product.

Such a market advance of ‘trusted price discovery’, as described above secured on IOTA’s distributed public permissionless ledger as a Smart Contract w/ ‘state’ and ‘time stamp start-finish’ ask positions published by the SC periodically to various DEXes and central exchanges facilitating buy/sell trading of metals, would go along way to finally re-establishing investor faith in the metals markets, faith which is now badly eroded by the “over-papering” by markets such as comex and, the various physical delivery defaults now occurring (not good), because there is often not physical metal behind the paper issued.