Image credit: Pete Linforth (Pixabay)
(nytimes.com) - Established as the driving technology behind cryptocurrencies, in an effort to solve that sector’s traceability shortcomings, blockchain is being considered by luxury jewelry powerhouses and the mining industry alike to guarantee the ethical provenance of gold mined in small operations, what the industry calls artisanal gold. The regulatory oversight of these smaller operations, which produce 25 percent of the world’s gold supply, is usually spotty or nonexistent, and working conditions often are dangerous. So, the thinking goes, if larger companies and jewelry businesses require such operations to record information on a shared database, which in the blockchain can be viewed but not edited, they then can decide whether to buy output. And such economic pressure could force improvements.
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14 october 2026
