EVENT: Combining Gold and the Blockchain to Create a New Investment Product
Date: 10th March, 2017 Time: 01:00 pm - 02:45 pm
Gold has long been seen as a reliable store of value, and in a world where the value of paper money is volatile and at risk from devaluation or inflation, its worth as an investment vehicle is gaining greater recognition. But gold is difficult to transport and hard to monetise when the need arises.
On 10 March, Bradley Hall, the Chairman and CEO of ICON, gave a presentation to ABA corporate members on a new product that this firm has developed that uses Blockchain technology to create a discreet investment vehicle, based on physical gold, that can be used to make high street purchases of significant value. Customers own physical gold, that is stored in vaults, but can 'spend' the gold using a Mastercard that is accepted like any other credit card. Blcokchain technology provides both security to the transaction and discretion.
In his presentation Mr. Hall explained how gold has been used by previous civilisations, and why its use as part of a large investment portfolio is appropriate today. The presentation is attached below.
This lunch event is one of a series of invitation-only lunches that the ABA holds for its Corporate Members during the course of the year.
The photograph above shows Bradley Hall (left) with George Kanaan, the ABA's CEO.
More in Events
Our Christmas party attracted nearly 100 members and guests and was a fitting end to a successful year for the Arab Bankers Association.
Our Annual General Meeting was held on 22 November. The annual accounts show that the the Association is in strong financial health, with corporate memberships at record levels.
PWC hosted a meeting of ABA member banks to consider ways in which they could work together to strengthen their operational resilience.
We hosted a meeting between the Financial Conduct Authority and Arab banks in London.