After the gold standard that once defined the value of currencies was abandoned in the 20th century, the monetary system became dependent on central banking policies and political instability. Against this backdrop, the evolution of blockchain and cryptocurrencies opened up new opportunities to ensure decentralisation and stability. However, current blockchain payment systems and their cryptocurrencies have suffered from severe price volatility, limiting their holder’s desire to be used as tender. Kinesis With Kinesis, a new gold standard is being developed using the latest blockchain technology to digitize the most precious of all commodities. Kinesis is a monetary system that combines the age-old stability of gold and silver with the efficiency of transactions on the blockchain. With cryptocurrencies currently overwhelmed by speculation and volatility, a crypto that is based 1:1 with gold and silver deposits will bring stability to the coin, promoting its use as a functioning currency rather than just an investment to hold or trade. Kinesis was founded by the Allocated Bullion Exchange (ABX), the world’s first electronic, institutional bullion exchange for physical precious metal, which gave the new blockchain-based fintech company an exceptional start: extensive infrastructure and a fully operational exchange built for the trade and storage of physical bullion in seven locations around the world. "We’ve combined the knowledge and experience we gained from that, as well as the infrastructure we developed with ABX, with the advent of blockchain technology and the introduction of cryptocurrencies,” says Mr Case, chief commercial officer at Kinesis Money “Doing this has given us some significant advantages against other cryptocurrencies in the gold space. “I can’t do much with a kilo bar of gold that is stored in a vault somewhere. I can’t monetise it and I can’t access the liquidity in terms of the dollar value that is represents. But we saw the introduction of cryptocurrencies, and combining a traditional asset such as physical gold with a digital currency, as a great opportunity to return to being able to transact gold easily and efficiently - using it as a medium of exchange.” To encourage users to send, spend and transact on the Kinesis Blockchain Network, Kinesis has introduced a multi-faceted yield system that remits the 0.45 per cent it takes on each transaction back out to the network based on how they’ve participated. Kinesis Monetary System Kinesis ICO is predicted to be the largest ever.