Updated: Sep 28
AHLA embraces digitalization and joins the aXedras™ ecosystem
Santiago de Chile & Zurich, 31 January 2022 – Argor-Heraeus Latin America (AHLA) becomes a member of aXedras’ digital platform for the precious metal industry, the Bullion Integrity Ledger™. AHLA and aXedras join forces to ensure the transparency of provenance data through state-of-the-art blockchain technology. The secure digital supply chain platform by aXedras empowers a seamless and digital connection between all players from producer to end consumer and provides efficient access to standardized data. Embracing the advances in traceability allows the precious metal industry to step into the future of sustainability by ensuring the integrity of its value chain.
Responding to the globally growing demand for ESG-compliant and sustainably sourced precious metals, AHLA enters this relationship with aXedras. AHLA commits to increase transparency around the provenance of legitimately sourced precious materials to downstream players. AHLA’s priority is to respect the environment and demonstrably combat corruption, illicit sourcing and eradicate human rights abuses within its supply chain. The data and digital documents exchanged via the blockchain-based platform by aXedras are cryptographically secured and shared with involved parties in real-time.
At the forefront for the mining industry, AHLA acts as a critical player in the Americas. AHLA supports both artisanal & small-scale mining (ASM) and large-scale mining (LSM) organizations with extensive business and technology knowledge and the application of best practices. Joining with aXedras is an exceptional opportunity to bring one secure digital supply chain solution to the miners who are sourcing precious metals for numerous downstream players globally. In addition, AHLA close collaboration with the Swiss Better Gold Association – also a member of the aXedras™ ecosystem– marks a significant step to improving access of local industrial and artisanal mining operators to the global market.
aXedras solution, the Bullion Integrity Ledger™, represents holistic integrity. It empowers AHLA to digitally capture the origin of precious metals by integrating the exact GPS locations of the sourcing mines. Digitalized ESG data such as the carbon footprint and water usage of mining gathered from the beginning can be updated throughout the value chain. Additionally, security feature technologies for raw materials ensure their integrity when being transported.
Max Oemick, President & CEO at AHLA, headquartered in Santiago de Chile for the Americas, states: “The collaboration with aXedras marks a milestone within our industry. aXedras holistic solution finally allows us suppliers and collectors to transparently document our sources and share the provenance with our demanding and sophisticated customers. ESG-relevant data, integration of security feature technologies and a documented chain of custody, aXedras brings the missing technology to the table to connect all these individual components around the integrity of precious and base metals.”
Urs Röösli, CEO at aXedras, adds: “We are proud to work with AHLA as a leading player in the precious metal market in Latin America. Together with already onboarded industry-leading companies such as refiners, logistics, traders or banks on our Bullion Integrity Ledger™, we expand our global aXedras™ ecosystem of trusted business partners serving the entire value chain of gold and precious metals.”
AHLA, headquartered in Santiago de Chile is a precious metal, state-of-the-art technology company, which is of Chilean-Swiss origin and focuses on the Latin American mining industry of precious metals. AHLA cares about sustainability, traceability, and safe management of precious metals from all over the Americas, for worldwide distribution in the banking, jewelry and state-of-the-art markets. Learn more at https://argor.cl/
aXedras, founded in 2018, is an independent information technology provider headquartered in Zug, Switzerland. Its goal is to take the precious metal industry to the next level of digitalization through one secure digital supply chain solution: The blockchain-based Bullion Integrity Ledger™ is a member-based trusted data network for peer-to-peer interaction between the stakeholders of the precious metal market. The Bullion Integrity Ledger™ ensures the unique combination of efficiency, integrity, traceability and confidentiality of data and business transactions. Learn more at https://www.axedras.com/
Media contact: aXedras AG, Philipp Stockinger, firstname.lastname@example.org, +41588062222