GLITZKOIN: A Platform for Diamond Sellers and Buyers
The GLITZKOIN platform has been initiated to bring clearness and simplicity to the diamond field. It put together the traditional diamond industry with the modern decentralized online value system. Assessments and Evaluations will no longer be completed by hunches and guesses. The Project is a very advanced Block powered diamond dealing raised area with a digital currency to assist smooth economic settlements, with a burly focus on clearness and security.
The GLITZKOIN platform for diamonds is the primary major overhaul of the precious stones field in history. The GLITZKOIN provides for immediate access for novel and existing diamonds purchasers to link with existing sellers anyplace around the globe. Seeks to change the diamond sector by diminishing hurdles, boosting coordination, and instilling rely on cross border deals for the diamond sector.
How does it Work?
The GLITZKOIN is a worldwide startup that applies the finest of emerging tech including block-chain, smart agreements and machine learning to help in the decrease of risk and scam for insurers, banks, and open markets in the precious stone field. The platform provides a complete system for the diamond commerce from a supply chain resolution to certification tracking & of diamonds and lastly a decentralized exchange for a lot of precious stones and linked services.
Features of the GLITZKOIN
Supply chain: A worldwide trade platform using modern block-chain tech aimed at enhancing the price of transportation, the absence of visibility and inefficiencies wit paper backed operations linking all stake holders from crypto Mining companies to Retail clients.
Worldwide Diamond Trace and Track
• Block-chain powered tracking for licensed diamonds
• A database of attributes, origin, and the past of every diamond
• Robbery or theft prevention by tracking and authenticating the diamond
• Track stones the entire through their value added passage
Market Place
• Make possible trustless deals between traders of diamond
• Allowing everybody to sell and buy diamonds
• Make easy ancillary services like insurance and shipping for stones fulfilled by negotiator providers
• Radically cut the time needed for deal transaction settlements
Diamond Industry
The diamonds are one of the earth’s especially Africa’s main natural resources. An estimated of over 15 Billion USD he valve of rough stones are produced each year, of that almost 9 Billion USD are from Africa. The diamond sector workers almost 10 M people across the globe, both direct and indirect way, across a huge spectrum of sections from mining to retailer. Worldwide diamond products sales carry on rising, booting 3 fold in the past 3 decade, and are presently value in excess of 80 Billion USD each year.
The GLITZKOIN platform cuts the inefficiencies which are inherent to note based deal processing. A set of modern features are applied to offer a highly intricate and completely detailed, stone tracking and tracing skill. The purpose is to decentralize the market for diamonds; this’ll hugely open up access for sellers and buyers of precious stones. The trade of diamond does need additional ancillary service the finance, insurance, and shipping. These services will be offered by divided service givers. The project will just connect them to the platform and not modify any fee or brokerage for such 3rd party service.
Market Trends
There’s no suspicion that the applying of this project, will boost the market access of the diamond production. The improved visibility of assets and the receiving of virtual money will create it possible for diamond traders at every level to boost their bazaar share. At the similar time, the lucidity of the complete procedure and the verification of the diamonds will instill self-assurance in both proficient and initial time diamond dealers. The nonappearance of 3rd persons and a lowering of shipping and other linked costs will let for extremely competitive pricing.
Decentralized Exchange
• GLITZKOIN Platform implements a worldwide exchange that focuses on bridging the space among the conventional diamond industry and the pioneering economic markets spearheaded by virtual currencies. With wide industry skill, their aim to wangle a ground-breaking change – allowing people to settle and spend in diamonds like every other economic asset, the entire within an obvious and safe environment. The Platform Diamond Exchange allows everyone to spend in personal diamonds, shares of a high-worth stone or shares in a bin of costly stones like an ETF.
• Dealers can have complete confidence in selling and buying, even without previous information of diamond dealing. A big Thanks to the decentralized character of the exchange, their device learning algorithm, and advanced block-chain that rates a diamond’s asking cost, the worth of every diamond listed on the trade is totally transparent; clear because it creates a 2-sided marketplace by improving both the demand and supply and standardized because the platform creates an exclusive benchmark rate, value, and smart an agreement for each stone.
Further info:
• Official website - https://www.glitzkoin.com/
• Whitepaper - https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
• ANN - https://bitcointalk.org/index.php?topic=3355944.0
• Facebook - https://www.facebook.com/GlitzKoin-193241214767377/
• Twitter - https://twitter.com/GlitzkoinToken
• Telegram - https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
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