This is an example of how a gold-backed digital token would work. A detailed design is at https://broward.ghost.io/golddigr/tactical

Depository: stores gold deposits.
Inventory System: manages gold deposits
Tokenizer: manages token transactions
Blockchain: equivalent to accounting ledger
Key Manager: equivalent to safety deposit box keys
Client: Customer with gold in depository

Assumptions: The depository has an inventory management system which synchronizes with the blockchain.

Here's a simple use case of transferring money:

  1. Client sends a transaction to Token API

Example message:

  1. Tokenizer forwards message to Key Manager.
  2. Key Manager verifies the payer, payee and payer's balance.
  3. Tokenizer creates blockchain entry.
  4. Tokenizer sends result to client.
Gold Token White Paper - 2023
Broward Horne, browardhorne@gmail.com https://broward.ghost.io/ goldpaper_ver6Gold-backed Digital Token White Paper, Ver 6goldpaper_ver6.pdf777 KBdownload-circle I’m a software developer with 30+ years of experience. There may soon be demand from State governments for R&D, prototyping and development of gold-backed digital currencies as described in
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