aXedras develops a distributed ledger technology (DLT) platform that enables secure and transparent B2B interactions within the precious metal industry, ensuring product integrity and traceability. The platform addresses the need for compliance with global regulations by providing immutable documentation of provenance and chain of custody while maintaining data confidentiality.
Funding
Funding not disclosed
Founders
Product
Problem
The precious metal industry faces challenges in ensuring transparency, provenance, and responsible sourcing, leading to concerns about product integrity and compliance with evolving regulations. Existing systems often lack the ability to immutably document the chain of custody and maintain data confidentiality across the entire value chain.
Solution
aXedras offers a distributed ledger technology (DLT) platform, the Bullion Integrity Ledger™, designed to digitalize B2B processes within the precious metal industry, focusing on product and data integrity. The platform enables secure and transparent interactions between ecosystem members, including mines, recyclers, refiners, logistics companies, banks, dealers, investors, and auditors. By using a decentralized architecture, aXedras ensures that each member retains control over their data while facilitating the exchange of information with counterparties in business transactions. The platform supports harmonized data standards, immutable documentation of provenance, and a unique confidentiality architecture to protect sensitive business practices.
Target Audience
aXedras targets participants across the precious metal industry, including mines, recycling companies, refiners, logistics providers, banks, dealers, and investors, who seek to enhance transparency, ensure product integrity, and comply with global regulations.
Features
- Decentralized architecture ensuring data sovereignty for each member
- Integration with existing IT systems via API, or access through a web-based user interface
- Support for various precious metal industry participants, including mines, recyclers, and refiners
- Digitalization of sourcing and KYC efforts, with seamless sharing of results
- Real-time exchange of assaying details between parties
- Digital "Know your Asset" standard to adhere to compliance regulations
- Innovative scanner solution to digitize manual handling of goods
- ERP Integration utilizing Corda Enterprise by R3