GlitzKoin: Pioneering the Diamond Blockchain

sammie5 (50)in #glitzkoin • 7 years ago

GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts, and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in the diamond and precious stone industry.

Diamond as one of the precious face many problems in its trading and retailing. Diamond industry needs to have a physical contact before diamond can be bought or sold. Diamond selling and buying is basically based on guesswork, there is no way to really evaluate the real value of diamond and there are a lot of risk in trading of diamond. It is said that you have to evaluate a diamond seller before evaluating his diamond, this means there are limitations to who and who can buy and sell diamond.

BLOCKCHAIN

With the blockchain growing every day and blockchain finding its way into every business, there have been no blockchain solution for the problems faced by the diamond industry. It is true that the blockchain is able to solve the problems of fraud and can also limit the risk in any business, but still, there have been no blockchain solutions to diamond industry problems
The diamond industry keep growing every year with 65% of the total diamond supply coming from Africa. In Africa diamond is seen as a real store of value and many people are employed in the process of its production directly or indirectly. But the need for person to person contact when processing the purchase of diamond is still the limitation to the market size of diamond.
The need for transparency, visibility, and objectivity in the diamond industry was felt many decades ago.

GLITZKOIN THE BLOCKCHAIN SOLUTION

GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts, and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in the diamond and precious stone industry. We provide a full ecosystem for the diamond industry from a supply chain solution to tracking & certification of diamonds and finally a decentralized exchange for the trade of diamonds and related services.
GLITZKOIN focuses on integrating the best features of the conventional diamond industry with, the utility and functionality of the latest blockchain technology.

GLITZKOIN UTILITY FOR THE DIAMOND INDUSTRY

Glitzkoin want to create a platform that will eliminate risk in diamond trading and thereby opening the trade to new people. The objective is to decentralize the marketplace for diamonds, this will vastly open up access for buyers and sellers of diamonds. The diamond trade does require additional ancillary services like shipping, finance, and insurance.

USE CASES

Blockchain Technology in Diamond industry
Glitzkoin will introduce the latest blockchain technology in the diamond industry to enhance transparency and reduce risk. Glitzkoin will be the global trade platform for diamond, it will connect all stakeholders and all participants of diamond trade.

Global Diamond Track and Trace
Glitzkoin will create a blockchain based tracking system for all diamond, it will also provide informations about diamond thereby reducing theft and fraud.

Decentralized Market Place for trade in diamonds
A decentralized marketplace for diamond will allow anyone to be able to buy or sell diamond. It will also facilitate ancillary services like shipping and insurance for diamonds fulfilled by third party providers.

GLT TOKEN

Token	GLT
Price	1 GLT = 0.2 USD
Bonus	Available
Bounty	Available
Platform	Stellar
Accepting	BTC, ETH, XLM
Minimum investment	100 USD
Soft cap	10 000 000 USD
Hard cap	40 000 000 USD
Country	Estonia