CUSTODY APPLET

A device connected to blockchain used for keeping and assessing VIRTUAL GOLD valuables. It is a device which is expected to receive, appraise, keep and deliver real gold. It is additionally perfect for the evaluation and appraisal of gold jewelry, and coins in an automated mode.

This device is important for the verification of gold assets of small banks, non-credit financial institutions, and private individuals. It is connected to the public blockchain, and it sends appraisal and values.

CUSTOM APPLET KEY ELEMENT

  • Spectrometer and
    weight system

  • Computer with
    linux os

  • Transfer
    mechanism

Key features

  • Security

    Security

  • Transparency

    Transparency

  • Speed

    Speed

  • Autonomity

    Autonomity

VIRTUAL GOLD CUSTODY APPLET

A vending machine which works on a "smart contract" between the owner of the machine and a buyer was introduced in an article by Nick Szabo. The features of the machine include:

  • 1
    Secured lock that selectively allows the owner access and limits third parties
  • 2
    A door at the back that allows owner access
  • 3
    This backdooris unlocked due to non-payment for a specific period
  • 4
    The back door is permanently switched off by the final electronic payment