# Blockchain Gold-Trading Platforms This Revolutionary Platform Manages Precious Metals Digitally By Rahul Kalvapalle | Published 2018-04-04 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/goldtrading-platform References: [newswire](https://www.newswire.ca/news-releases/goldcorp-deposits-the-first-gold-on-tradewind-blockchain-678287623.html) & [tradewindmarkets](https://www.tradewindmarkets.com/) Tradewind, a financial technology company that specializes in modernizing the gold trade, is launching a high-tech gold-trading platform that aims to take the ancient practice of trading gold into the modern sphere by taking advantage of [blockchain technology](https://www.trendhunter.com/trends/sol-heaven). This gold-trading platform was inaugurated by the depositing of the very first block of gold, and first block of blockchain data, into the protocol by Goldcorp. Goldcorp's $4 million gold deposit marks a historic moment in that it is the first time that precious gold is being recorded and traded in the form of blockchain data. The gold-trading platform is set to evolve and be refined further, at which point it will surely be poised to revolutionize the [precious metals investment industry](https://www.trendhunter.com/trends/onramp-institutional). ## Trend Insights (Trend Hunter) - Score: 3.2/10 - Popularity: 42% | Activity: 47% | Freshness: 8% - Audience gender: 70% men, 30% women - Primary generations: Millennial, Gen X - Top markets: North America, Europe ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [New Ventures](https://www.trendhunter.com/newventures) ## Key Themes ### Why This Trend Is Growing - **Blockchain-based Gold Trading:** The use of blockchain technology for gold trading is set to disrupt and modernize the precious metals investment industry. - **Digital Gold Management:** Adopting digital management techniques for gold can increase efficiency and provide more transparency and security in trading. - **Blockchain-based Asset Trading:** Applying blockchain technology to other assets such as silver and diamonds could open up new possibilities for secure and transparent asset trading. ### Industries Being Reshaped - **Precious Metals Investment:** The precious metals investment industry has the potential to become more accessible, transparent, and efficient with the use of blockchain technology. - **Financial Technology:** The development of blockchain-based gold trading platforms presents opportunities for fintech companies to innovate in the investment industry. - **Mining and Extraction:** The use of blockchain technology for tracking and verifying the origin of precious metals could benefit the mining and extraction industry by providing greater accountability and transparency. ## Related on Trend Hunter - [Digital Collectible Platforms](https://www.trendhunter.com/trends/tradible.md) - [Secure Gold Investment Apps](https://www.trendhunter.com/trends/oropocket-app.md) - [Blockchain-Backed Natural Diamonds](https://www.trendhunter.com/trends/blockchain-backed-natural-diamonds.md) - [Discounted Precious Metal Promotions](https://www.trendhunter.com/trends/Endeavor-Metals.md) - [Web3 Wine Marketplaces](https://www.trendhunter.com/trends/grtwines.md) - [Phygital Luxury Marketplaces](https://www.trendhunter.com/trends/luxfi.md) - [Consolidated Trading Apps](https://www.trendhunter.com/trends/trading-apps.md) - [Advanced Blockchain Visibility Engines](https://www.trendhunter.com/trends/blockchain-visibility-engine.md) - [Blockchain Business Platforms](https://www.trendhunter.com/trends/own-your-business-ltd.md)