KILOBAR KILOBAR KILOBAR INTEGRITY KILOBAR KILOBAR KILOBAR - - PowerPoint PPT Presentation
KILOBAR KILOBAR KILOBAR INTEGRITY KILOBAR KILOBAR KILOBAR KILOBAR INTEGRITY KILOBAR INTEGRITY INTEGRITY INTEGRITY INTEGRITY INTEGRITY INTEGRITY Blockchain & Security Ruth Crowell, Chief Executive Asia Pacific Precious Metals
Ruth Crowell, Chief Executive Asia Pacific Precious Metals Conference, Singapore 4 June 2018
CASE FOR CHANGE CASE FOR CHANGE CASE FOR CHANGE CASE FOR CHANGE KILOBAR KILOBAR KILOBAR KILOBAR WORK TO DATE WORK TO DATE WORK TO DATE WORK TO DATE KILOBAR GOOD DELIVERY LIST KILOBAR GOOD DELIVERY LIST KILOBAR GOOD DELIVERY LIST KILOBAR GOOD DELIVERY LIST BAR INTEGRITY RFP BAR INTEGRITY RFP BAR INTEGRITY RFP BAR INTEGRITY RFP
LBMA specifications for 999.9 kilobars – launched with SGE in 2015 LBMA specifications for 995 & 999 kilobars kilobars Secure online database of kilobar drawings & photos for all GDL refiners Monitoring of purity & fraud issues reported by market
Subset of LBMA Good Delivery refiners, determined with exchanges Collaboration with Exchanges to ensure global application Collaboration with Exchanges to ensure global application Continued monitoring of purity & fraud issues reported by market
Enhanced online database of kilobar drawings, photos and serial numbers
Demand for granular supply chain Fraud issues surrounding kilobars Reputational issues Demand for granular supply chain information which is easy to collect & verify Fraud issues surrounding kilobars Reputational issues regarding global gold market
Request for Proposal (RFP) Request for Proposal (RFP) Request for Proposal (RFP) Request for Proposal (RFP) to further further further further strengthen gold supply chain integrity strengthen gold supply chain integrity strengthen gold supply chain integrity strengthen gold supply chain integrity This initiative builds on the LBMA’s Responsible In addition, it will also look at m m m mi i i in n n ni i i im m m mi i i is s s si i i in n n ng g g g t t t th h h he e e e r r r ri i i is s s sk k k ks s s s a a a as s s ss s s so
c c ci i i ia a a at t t te e e ed d d d w w w wi i i it t t th h h h f f f fr r r ra a a au u u ud d d d a a a an n n nd d d d b b b br r r re e e ea a a ac c c ch h h he e e es s s s
f f f security. security. security. security.
This initiative builds on the LBMA’s Responsible Sourcing programme and focuses on how focuses on how focuses on how focuses on how blockchain can ensure supply chain provenance blockchain can ensure supply chain provenance blockchain can ensure supply chain provenance blockchain can ensure supply chain provenance security. security. security. security. Phase One will focus on gold kilobars gold kilobars gold kilobars gold kilobars
March 2018 March 2018 March 2018 March 2018 Stage 1 RfP Launched 31 May 2018 31 May 2018 31 May 2018 31 May 2018 Deadline for Stage 1 RfP June June June June -
September 2018 September 2018 September 2018 Bilateral discussions with Service Providers Draft Stage 2 of RfP Shortlist Service Providers to take part in stage 2 Shortlist Service Providers to take part in stage 2 October 2018 October 2018 October 2018 October 2018 Launch Stage 2 RfP December December December December 2018 2018 2018 2018 Deadline for Stage 2 RfP January January January January -
March 2019 March 2019 March 2019 Bilateral negotiations Seminar on short list Heads of Terms discussions March March March March -
April 2019 April 2019 April 2019 Decision! Decision! Decision! Decision!
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30 October 2018 30 October 2018 30 October 2018 Boston Park Plaza Boston Park Plaza Boston Park Plaza Boston Park Plaza, Boston , Boston , Boston , Boston