As discussed in the FAQ “What are the security and trust features of the Gilded Offering”, Gilded uses the Linux Foundation Hyperledger blockchain. There is considerable information available online to describe blockchain’s origins, functionality, features and uses. For our part we simply think of it as a highly secure database that is used to track the ownership of gold purchased, sold, and sent while using the Gilded Offering. That security is assured by many factors, including the complex cryptography and encryption technology that underlies the blockchain. Moreover, because the blockchain used by Gilded is “private” and “permissioned”, there are tight controls on who can access and input data into it. Private, permissioned blockchains are typically used by enterprises, such as Gilded, because they offer tighter control over users, are faster and more scalable and utilize considerably less computational power than the environmentally-destructive public blockchains that are utilized, for instance, by cryptocurrencies.