The 14th International Gold Mining Convention, hosted by Spanish non-profit organization, the national mining association of Spain, CONFEDEM, was held in Guadalajala, Spain from 10th April 2019 for a span of 3 days. The conference consisted of a summit panel forum, a mining expo, and a new technology conference.
The conference’s core topics were “Gold Mining”, “Gold commodities trading” and “Blockchain technology”. The Gold mining subject matter included gold exploration, mining, refining, retail, investment, financial technology and other industries. The Gold Commodities Trading market segment provided gold market analysis and investment channels; the Blockchain Technology subject matter discussed the development of the Internet gold business together with the enhancement of blockchain technology.
In addition to displaying various mining machinery and equipment, the Mining Expo also introduced the current major mining players around the world. Jinxin Mining Co., Ltd., which has a joint venture with the OpenAurum Group, also demonstrated the mining practices in the Madagascar mining area in Africa.
The summit had a total of 12 sessions and the topics discussed were trending topics posed by the academics and investors present. One of the forums discussed the opportunities brought by blockchain technology to the gold mining industry. The participants consists of university professors, directors of the associations, and small Spanish mine operators. The OpenAurum Group was the only financial institution representing the technology industry that was invited by the forum.
Maz Keen, Chief Technology Officer of the OpenAurum Group, said in the forum that the rise of blockchain technology venturing with traditional mining firms, will usher in a new era in the mining industry. The smart contract capabilities of blockchain technology enable all transactions to be done autonomously and instantly, henceforth enabling digital asset securitization to be more relevant via security tokens such as the OpenAurum tokens.
Maz pointed out that blockchain technology his Openaurun project will enable investors to own a part of the gold mines that they partner with; something that was not possible before the advent of this technology. By holding OpenAurum tokens, investors will earn daily dividends of Stable gold tokens (GLDS) which can be exchanged for physical gold bars. Stablegold tokens are also issued through the OpenAurum project. Through the funds raised in their Security token Offering (STO), the company will improve its mining capabilities via technology advancement, and also procure more mines to improve the supply chain to sell its produce to the many partner merchants globally.
OpenAurum tokens (OA) and Stablegoldtokens were the talk of this conference. All the events in this conference mentioned this revolutionary concept and strong partnership and connections it required to make it possible. The participants discussed about OpenAurum tokens, and many mine owners showed their interest by contacting the OpenAurum group to ask about the possibility of cooperation.
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