The main objective of the Biga Project is to establish an infrastructure that
will allow for execution of transfer of dematerialized gold at certain standards with their
physical equivalents kept in safe custody using blockchain technology.When the current
solutions are examined, it is seen that many digital assets produced with the blockchain
technology are not backed by a physical underlying asset.Due to the fact that these digital assets
are not based on a real value in accordance with the values in effect in the current regulatory financial markets,
it is not possible for them to be traded subject to value transfer.Since each digital asset has a predefined
physical basis for the related asset in blockchain-based solutions; it will be ensured that
a dematerialized asset without its own value can be transferred. Thus, trust to this digital
asset will be established and the possible speculations that may occur will be
prevented.Additionally all transfer operations on blockchain network must be validated by
validators withoout knowing the transfer amounts which are not the party of the transfer but
at the same time all transfers must be trackable by regulator authorites for regulative
financial world.BiGA is the name of the first asset that will be produced to this effect on
this platform running in an integrated manner with the Gold Transfer System, that is a first
in the world in this field which is totally private and regulative.
You can reach all detalis about the project from the project Whitepaper.
Real time validation and transfer with participants
Dijital Gold Network
Borderless gold transfer network via blockchain technology
Full privacy with designed cryptographic infrastructure
Tracebale by Authorities
Monitored transactions by the authority additional the parties
BiGA, which is abbreviation of one gram gold (in Turkish),
is an infrastructure project based on blockchain technology. It enables secure,
controlled and confidential transfers of dematerialized gold, which has specific
standards and physically stored in BIST vaults.
BİGA is not directly available for end users yet. If you
want to have BiGA you must have an account on a bank which is a BiGA node.
However, it will be available for end users without banks at the next phases.
The answer differs since cryptocurrencies do not have
complete and precise definition yet. BiGA is similar to existing
cryptocurrencies due to the use of blockchain technology, intensive
cryptographic algorithms to ensure security and verification of transaction, a
structure that does not need a single central party to operate. On the other
hand, BiGA is separated from them as it is physically-backed and provides
privacy between all participants of the network while enabling regulators to
audit the transfers.
BiGA is developed as a parametric infrastructure which is
able to work for different assets. However current integration with conventional
gold transfer system is making it available for only gold transfer at the