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RE: Royal Mint trading gold using blockchain technology.

in #gold7 years ago

This is an interesting part of their FAQ:

Will blockchain be completely transparent?

Everyone is free to view the blockchain. A publicly viewable blockchain means anyone may check that the total amount of RMG in issue is in line with the audited RMG vault holdings. Real world identities however are not public. Transactions on the blockchain are sent between blockchain 'addresses' (long strings of random numbers) and it is at the discretion of the RMG owner whether to declare their own addresses publicly or not. The blockchain may be viewed through the public RMG BlockExplorer website www.provachain.com, by downloading and running your own full node here, or by applying to The Royal Mint to become a validating partner here.

That made me pause for a minute.. imagine the leaks of elite transactions we could see! Are wallets balances public too if you know the recipient address, like on Steemit?