GLITZKOIN: BLOCKCHAIN ECOSYSTEM FOR THE DIAMOND INDUSTRY

INTRODUCTION
Diamonds are one of the world’s major natural resources. Research has it that rough diamonds valued at about US$15 billion are produced every year. Global diamond jewelry sales have experienced three-fold increase within the space of 25 years.

ABOUT GLITZKOIN
GLITZKOIN was established to transform, bring in transparency and simplicity into the
diamond industry. This it achieves by diminishing barriers and integrating the traditional diamond industry with the modern decentralized internet value system. Hence, increasing coordination, and inculcating confidence in cross-border transactions in the diamond industry.
GLITZKOIN is an international start-up that seeks to provide a full ecosystem for the diamond industry by using latest technologies including smart contracts, block-chain, and machine learning, this helps in the reduction of risk in banks, insurers and open marketplaces in the precious stone industry.
GLITKOIN adopted the use of newest block chain technology into the supply chain of the diamond industry. This reduces the costs related to the paper based. Also, it removes the inadequacies that are associated with paper based transaction processing. Moreover, advanced functions are adopted so as to deliver a detailed diamond tracking capability. This will decentralize the market, hence, open access for buyers and sellers of diamonds.

MARKET PROSPECT
GLITZKOIN will expand the market of the diamond industry. This is majorly because the simplicity of the process and the authentication of the diamonds, will inculcate confidence in both the regular and first time diamond buyers. The acceptance of a crypto currency, will grant diamond dealers at all levels to increase their market share.

GLITKOIN OPEN BLOCKCHAIN
The firm’s block-chain possesses privacy options, specially designed for the diamond industry. The company ensures transparency by building on private and public block-chains to achieve a hybrid technical model.

GLITKOIN combines accessibility, privacy and security to build an enterprise-ready application. The supply chain is absolutely secure and it also records previous transactions, hence allowing suppliers to prove their reliability to buyers and rating institutions.

DECENTRALISED EXCHANGE
Through the use of cryptocurrencies, GLITKOIN seeks to implement an international exchange that bridges the gap between the conventional diamond industry and the financial market. Traders can have confidence in the buying and selling process irrespective of their level of experience in the market, since there will be a direct connection between end users, retailers, mining companies and polishers.
GLITKOIN achieves this through the use of proprietary machine-learning algorithms. This will help to establish transparency in the global diamond market. The exchange can be classified into three main elements, they are: the gem composite, the parallel composite and the indices composite.
It is imperative to note that a diamond to be listed, must be certified by one of the testing labs recognized by GLITZKOIN. The monetary value and physical features of the diamond will also be mentioned

DIAMOND TRACK AND TRACE
GLITZKOIN aspires to build trust across the supply chain from the source to the consumer by building an international digital ledger that tracks and protects diamond and other valuable assets in their life time journey.

THE PROJECT TEAM
The Project is managed by group of experienced people

MANAGEMENT TEAM

THE ADVISORS

PROJECT ROADMAP

PROJECT PARTNERS

For more information, Pls visit the following links:
WEBSITE: https://www.glitzkoin.com/
TELEGRAM: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
WHITEPAPER: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
TWITTER: https://twitter.com/GlitzkoinToken
FACEBOOK: https://www.facebook.com/GlitzKoin-193241214767377/

AUTHOR: dapero
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