- They have partnered to launch ‘NSE –Shine’.
- The ‘NSE –Shine’ is a blockchain platform for gold bullion.
- The platform was inaugurated by the Executive Director of SEBI, VS Sundaresan.
- The ‘NSE –Shine’ will offer a data framework for bullion bar integrity for the purpose of settlement of gold derivatives contracts.
- The platform is developed with the support of the Indian Bullion and Jewelers Association (IBJA) and the India Gold Policy Centre (IGPC) at IIM Ahmedabad.
- From 1st Nov 2021, NSE will accept gold delivery only on the blockchain platform.
- The platform will provide the creation of a bullion repository for all bullion bars which are produced by NSE-approved refiners as per the standards set by NRS.
- Due to this platform, the NSE-approved refiners will be able to use the platform to record the details of their produced billion.
- Static Part:
- HQ of NSE: Mumbai
- MD and CEO of NSE: Vikram Limaye
Question:
Q.1 In partnership with whom has NSE launched ‘NSE –Shine’ which is a blockchain platform for gold bullion?
a. Chainflux
b. Hyperlink InfoSystem
c. Antier Solutions
d. Systango
a. Chainflux
b. Hyperlink InfoSystem
c. Antier Solutions
d. Systango
