Gold is its own blockchain

Perth Mint CEO Claims Metal-Based Crypto Potentially Offers Price Stability

Gold is its own ledger servicer.  If you add block chain then what is the purpose? I guess, one the blockchain one can see a history of gold assessments everytime gold is shipped?

Gold is its own blockchain, it is a blockchain of rank one.  Here is how it works.  Take you gold to the gold assay office, have it checked.  If it is gold,then go ahead and erase its entire blockchain history, we don't care.

If you are a venture capitalist, then you will see gold crypto business plans.  All of these plans devolve into the gold delivery business, and all of them would simply defer to Federal express for gold deliveries. You end up with a protocol for tracking shipments, and we have that already in general use.

Here is the real gold business plan.  Track the existing gold deliveries as best as can be done.  Then create a derivative based on those statistics.  If you can be more accurate then the gold market, then you manage the gold market in your pit.