Introduction

Digix is a Singapore based company that is using blockchain technology to represent physical gold with DGX tokens.

 DGX is built on Ethereum and its proof of provenance protocol on the Ethereum blockchain ensures all gold tokens issued are 1:1 with the underlying physical precious metal. All movements of gold bars from procurement to the storage, issuance of DGX, and any associating documentation are uploaded onto IPFS and timestamped on the Ethereum blockchain to guarantee its immutability. All information is available 24/7 to the public and tamper-proof with blockchain technology.