GLITZKOIN- A world-class platform utilising revolutionary blockchain technology.

frankiemalton (43)in #blockchain • 6 years ago

Internationally, the markets for diamonds and precious stones are desperate for coherent, cohesive, transparent and secure technology to revolutionise and improve them. Major Diamond companies are looking towards blockchain technology as an answer to the previous fraud and corruption that the diamond industry has encountered. With its decentralized nature, and the ability to access in ledger form any transaction, blockchain technology is the perfect antidote to the problems these companies have previously encountered. The fact that Blockchain technology is backed by highly sophisticated computer encryption means that only those that have the permission to access the accounts and can enter or edit any data within the blockchain database. This improves the security and transparency of the system and will mean that fraud and corruption will soon be things of the past.

This is where GLITZKOIN comes in perfectly, with its blockchain based, smart contract active system and its decentralized nature. GLITZKOIN has the ability to completely revolutionise the Diamond industry, and help make the industry the safe environment that the users wish it to be. GLITZKOIN offers the Diamond Industry a reduced cost tokenized set up, which will allow users to have open access to many different services, all required for Diamond Trading, and often seen, those that are out of reach for some buyers and sellers due to high costs. By decentralizing the market, GLITZKOIN will open up this access for the buyers and sellers within the Diamond Industry.
GLITZKOIN’s decentralized platform means that there will be no charge from the Platform in regards to third-party services. This huge saving will be easily reflected in the platforms use and benefits, and obviously will be a huge draw for many users of the Diamond Industry. The fact that GLITZKOIN will allow for the smart contract feature that is so prevalent in Blockchain technology means that products, buyers and sellers will all benefit from increased visibility, and by using a cryptocurrency as a payment form, increase the transparency and security of any and all brokerage and sales.
By looking at the protocol coherently, one can see that the platform will allow for a globally based trade platform, invoking a blockchain based protocol that will allow for higher cost efficiency regarding transportation, visibility, and efficiency, the very things that in ‘old-school ‘ paper-based processes that are open to fraud and corruption. Through the blockchain technology of GLITZKOIN, all retail customers will be connected to the main company blockchain database, which will allow for increased security of tracking certified diamonds, a full and cohesive record of each diamond, theft prevention through the highly secure blockchain technology, and the ability to track the stones throughout their journey from seller to buyer.

A completely decentralized market for buyers and sellers to trade within the Diamond Industry is most definitely the best possible outcome for the industry itself. Considering the problems and reputations that the Industry has previously had, the transparent notion of GLITZKOIN is incredibly welcome and needed. The team behind GLITZKOIN is a well rounded and efficient team of experts from the Diamond Industry, and within this team, there is already much interest from stakeholders in the diamond industry to continue to invest within this platform.

As a Blockchain enthusiast, it is also refreshing to see that GLITZKOIN is using both zk-snarks and bulletproofs as their privacy protocols, as these will mean that all data and so forth will remain encrypted and extremely secure. As a user of the protocol, GLITZKOIN has ensured that one needs no previous blockchain technological experience to use, and have made this protocol coherent and easily accessible to all. Indeed, the level of security running through this protocol is extremely tight and highly efficient, operating on all security levels to ensure the complete and secure nature of the platform to allow users utmost safety and security. Even those who have never sold or bought Diamonds within the Diamond industry will be easily and readily able to access utilise this protocol.

I personally am really pleased to see a protocol that addresses pricing and costing problems that have previously been at the forefront of the Diamond Industry, and enables all users to be able to invest within the Diamond Industry through the blockchain technology forum. The algorithms that GLITZKOIN uses within its protocol really do deliver what I can see as a transparent, decentralized, smart contract based forum. Of course, the portico has its own extremely effective digital wallet will also mean that as a smart contract in itself will become an ‘asset’, it will mean that perhaps a high valued diamond will be able to have a shared ownership concept, one that will end once the physical diamond is collected.
GLITZKOIN have their own certified testing labs, all controlled within their safe and comprehensive protocol. This most defiantly increases the security and safety of the protocol as a whole, and means that any transaction will remain coherent. On a personal note, I really like that the protocol allows for blockchain based tracking, as I know that this will be the most highly encrypted and secure form, far superior to anything that the Diamond Industry currently has. GLITZKOIN is an open ecosystem, innovative and ready to revolutionize the Diamond Industry. Through using the GLITZKOIN wallet, the GLITZKOIN API and the GLITZKOIN merit engine, one will be able to have a seamless, secure and superior way in which to participate within the Diamond Industry forum, with many benefits and rewards.