BullionVault
David Hemmings has a diverse work experience in the technology industry. David started their career as a Software Engineer at Solid State Group in May 2008 and later became the Technical Director in October 2010. David held this position until January 2012.
In January 2012, David joined BullionVault as a Senior Java Developer, where they worked until July 2014. David then transitioned into the role of Principal Java Engineer from July 2014 to May 2015. From June 2015, they took on the position of CTO at BullionVault.
In 2015, David also worked at WhiskyInvestDirect as the CTO, starting in June 2015.
Overall, David has held various technical and leadership roles in their work experience, demonstrating their expertise and growth in the technology sector.
David Hemmings attended Boston Grammar School from 1995 to 2002. David did not acquire a degree or specialize in any particular field of study during their time there. Later, from 2002 to 2006, they pursued a Bachelor of Engineering (MEng) in Computer Science from the University of Bristol.
BullionVault
BullionVault is a P2P platform for buying and selling physical gold & silver bullion, securely, at low cost. As of January 2013, BullionVault held over $2billion worth of client assets.The bullion is kept in approved vaults within the London Good Delivery system. Good delivery bullion bars are produced by London Bullion Market Association[LBMA] approved refiners, have a known history and can be easily re-sold. Most of the world's professional gold dealing happens within the LBMA good delivery rules. BullionVault is a full member of the LBMA.Unlike most gold investment products, BullionVault's clients own their gold directly as property in their own name within the jurisdiction the gold is stored. Clients can chose to store their gold in Zurich, London, New York or Singapore.An internal market allows clients can trade their holdings with each other in units as small as a single gram. Clients can choose to place large orders [800oz] through the London professional markets. BullionVault itself also runs trading bots to ensure liquidity, quoting two-way prices on its exchange 24/7.In June 2010, the gold industry's key market-development body the World Gold Council joined with the internet and technology fund Augmentum Capital, which is backed by the London-listed Rothschild Investment Trust, in making an $18.8 million (GB £12.5m) investment in the business. This makes BullionVault rare as a disruptive start-up that has been willingly embraced by an established industry.Their exchange's technology stack runs almost entirely on open-source components. CTO Kris Jenkins says, "I couldn't imagine trying to build a company like BullionVault using proprietary software. I've seen startups die while they were still negotiating support contracts. Often when they could have picked an open solution so reliable it would never need support."The company was founded by Paul Tustain in 2005 and is based in London with an office in New York.