How it works
01 Jaxo uses the Ethereum blockchain to create a global payments network where members are able to transfer any amount of gold from one to another.
02 The gold is transparently stored in vaults managed by Jaxo, and the transfer of ownership is recorded using a digital version of a "warehouse receipt" maintained on the blockchain.
03 A warehouse receipt is a legal document that provides proof of ownership of commodities (e.g. gold) stored in a warehouse for safekeeping.
04 Jaxo's digital warehouse receipt allows accounting features such as joint ownership, sub-accounts, and power-of-attorney, as well as 3rd party custody and backup.
Jaxo offers the advantages of blockchain assets with the stability and trust of gold.
Meet the team
Jaxo’s founders pioneered the use of blockchain technology for enterprise applications in 2013. In 2015, they designed Hyperledger. Jaxo was founded in 2017.
The broader team is comprised of talent from top technology and financial firms in the Bay Area.
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