Since the innovation of the blockchain technology there has been huge interest and adoption of digital currencies, in which each cryptocurrency has its own real-life use case. The blockchain technology has become the accepted and trending paradigm in the technological world. Recent adoption of blockchain technology has been seen in power industry, financial industry, healthcare industry, robotic and AI industry, real estate industry, agricultural industry, transportation industry, decentralized online market places and more!

While the adoption has been very impactful and economical to the global community, there had never been a blockchain project that relates the DIAMOND INDUSTRY and treats its challenges.

The diamond industry is huge, economically impactful and runs in multi-billion dollars, having an all-time jewelry trade hit of about $82 billion in 2017 but undergoing major setbacks that needs a complete revolutionized attention.

THE CHALLENGES IN THE DIAMOND INDUSTRY

The diamond industry suffer the challenges below;

1. Errors and fraud in the ecosystem as most transactions and activities are paper work.
2. A Centralized way of storing records and data which has led to loss and manipulation of data.
3. No decentralized market place for the industry
4. Issues of security and transparency with has questioned the trust on the system
5. poor coordination and lack of trust in cross-border transactions for the diamond industry
6. Intermediaries barrier which has rather affected the pricing on diamond
7. No complete ecosystem for tracking & certification of diamonds

FIVE OUTSTANDING WAYS GLITZKOIN WILL REVOLUTIONIZE THE DIAMOND INDUSTRY

GLITZKOIN is a great project that would revolutionize the diamond industry via the adoption of blockchain technology, smart contract with this innovations;

1. GLITZKOIN has built a decentralized ecosystem by adopting the blockchain and smart contracts, where historical data and transactions records will be securely recorded which springs reliability between buyers and seller, controls errors and fraud in the ecosystem. The smart contract allows for a swift transactioin.

2. The system is built on it zk-snarks and bulletproofs which encrypts your transaction data and trade secrets, transaction privacy is assured , you are protected from competitors, your security is assured.

3. GLITZKOIN has built a complete ecosystem by integrating a Global Diamond Track and Trace Block chain which authenticates, tracks and certifies your diamonds purchase in the supply chain process.

4. GLITZKOIN has built a fully diamond decentralized market place, which allows buying and selling of diamonds and other related services. You can buy diamond on its secured, transparent and reliable market place and get it delivered at your door step. GLITZKOIN allows other auxiliary services as related to the diamond industry.

5. The transparency of the decentralized system and its machine learning adoption cuts-off intermediaries barriers, allows proper coordination and build trust in cross-border transactions. This process allows. This whole processes will help greatly to check cost of diamond.

THE BIG QUESTION, HOW WILL DIAMOND OR ITS RELATED PRODUCTS BE DELIVERED AT MY DOOR STEP WHEN I PURCHASE ON GLITZKOIN’S DECENTRALIZED MARKET PLACE

Firstly, You will buy the product of your choice with GLITZKOIN’S token (glit). GLITZKOIN manages the logistics of your purchase and charges just a small percentage of your transaction to make up its cost. GLITZKOIN is working greatly on its infrastructure to ensure you have a swift delivery of your transaction(purchase) to your choice of destination.

GLITZKOIN’s CEO who has spent over two decades with wealth of experiences in the diamond industry and also running a multinational diamond firm is also seeding the marketplace with initial inventory in order to generate awareness and demand on the platform.

Wow, GLITZKOIN’s team are working!

TOKEN INFORMATION
GLITZKOIN is a utility token, total supply is 999million

THE TEAM
The team comprises of great professionals and specialties in the diamond industry and blockchain technology that would make this project a huge success.

GREAT PARTNERS

FOR MOR DETAILS ABOUT GLITZKOIN

Join the Telegram Group: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA

Follow on Twitter: https://twitter.com/GlitzkoinToken

Follow on Facebook: https://www.facebook.com/GlitzKoin-193241214767377/

Follow on Medium: https://medium.com/glitzkoin

Website: https://www.glitzkoin.com/

Whitepaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf

Author's Bitcointalk username -ijsera82
Author's Bitcointalk profile link - https://bitcointalk.org/index.php?action=profile;u=1569887;sa=account