On that note, there has been various discussion and deliberations about auditing and authenticity when it comes to precious metals and stones which have been considered as a store of value for centuries. Silvana Da Luca, Chair of the Tokenized Commodities Council and Managing Director at Diamond Standard in a recent article writes, “When these metals are tokenized, it becomes essential to establish mechanisms that verify the authenticity, purity and ownership of the physical assets represented by the tokens”. In the same article she also quotes Eyal Alon’s (VP, Malca-Amit, USA) statement, “Establishing the authenticity and provenance of the underlying physical assets is not as simple as creating a digital twin but must be integrated into a robust ecosystem. Gold is no exception, and some of that ecosystem already exists in the form of the LBMA Good Delivery List, the secure and trusted chain of custody provided by the custodians, and continual audits. Standardisation globally would be critical for full tokenization to truly function properly.”[6]