Diamond ICO- GLITZKOIN Blockchain based ecosystem for diamond industry

cryptoplayer (50)in #cryptocurrency • 7 years ago

Blockchain technology and Crypto currencies are transforming the world and the Diamond industry is no exception. Despite some nascent efforts, no blockchain ecosystem focused on the diamond industry has been designed that encompasses the various issues faced by the industry. The need for transparency, visibility and objectivity in the diamond industry was felt many decades ago. The need for person to person contact when processing a diamond purchase or sale, limited the size of the market. GLITZKOIN focuses on integrating the best features of the conventional diamond industry with, the utility and functionality of the latest blockchain technology.

Diamonds are one of the world’s, and specifically Africa’s, major natural resources. An estimated US$15 billion
worth of rough diamonds are produced per year, of which approximately US$8.5 billion are from Africa
(approximately 65%). The diamond industry employs approximately ten million people around the world, both
directly and indirectly, across a wide spectrum of roles from mining to retail. Global diamond jewelry sales
continue to grow, increasing three-fold in the past 25 years, and are currently worth in excess of US$79 billion
every year.

b. Diamond Industry
The diamond jewelry supply chain (known as the diamond pipeline) is the process that brings diamonds from
the earth to consumers. It has several different stages:

PIONEERING THE
DIAMOND BLOCKCHAIN
FOCUSED ON THE 90 BILLION DOLLAR DIAMOND INDUSTRY
Diamonds are about sparkle, style and distinction, they symbolize extravagance and extravagance. Exchanges in the precious Diamond industry are made through individual contact, the gatherings included attempt to survey each other and push forward to the business process. It is properly said that you should esteem the precious stone merchant previously esteeming his precious stones. Also, even after applying the most tenacious assessment, there is plentiful degree for mystery and misguided judgments. GLITZKOIN has been started to bring straightforwardness and effortlessness to the jewel business. It coordinates the regular precious stone industry with the most recent decentralized web esteem framework. Assessments and evaluations will no longer bedone by speculations and hunches. GLITZKOIN tries to change the jewel industry by reducing hindrances, expanding coordination, and imparting trust in cross-fringe exchanges for the Diamond industry.