DIAMOND INDUSTRY SUPPLYCHAIN USING BLOCKCHAIN

GLITZKOIN is not just another blockchain, our team comprises of professionals from the diamond industry and experts from the technical field related to blockchains and crypto currencies. There are a number of stakeholders in the diamond industry, starting with the mining companies and including diamond polishers, certification authorities, retail sellers and consumers. By bringing all these stakeholders on to the same platform, we facilitate the ease and efficiency of fulfilling transactions.

Our propriety blockchain has privacy options configured specifically for the diamond industry. We ensure transparency by building on both, public and private blockchains so as to achieve a hybrid technical model. This combines the best of both worlds; high security of the public blockchain is paired with permissioned controls in private blockchains, this allow us to better serve the industry.

GLITZKOIN combines privacy, accessibility, and security to create enterprise-ready applications. Current blockchain technology does not meet industry needs as the Transaction data is completely public and Network security is often uncertain.

Decentralized Exchange

GLITZKOIN implements a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets spearheaded by cryptocurrencies. With extensive industry knowledge, we aim to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, all within a transparent and secure environment. The GLITZKOIN Diamond Exchange enables anyone to invest in individual diamonds, shares of a high-value stone or shares in a basket of diamonds like an ETF.

Traders can have full confidence in buying and selling, even without prior knowledge of diamond trading. Thanks to the decentralized nature of the exchange, our machine learning algorithm, and blockchain technology that rates a diamond’s asking price, the value of any diamond listed on the Exchange is completely transparent; liquid because it creates a two-sided market by enhancing both the supply and demand and standardized because GLITZKOIN creates a unique benchmark value, rate and smart contract for every stone.

It enables trustless transactions between diamond traders or any two parties. Anyone can buy and sell diamonds, there are no restrictions and GLITZKOIN will connect end users, retailers, to market markers, mining companies and polishers. Trade and Transaction settlement times will be drastically reduced due to the effective implementation of GLITZKOIN on the Stellar blockchain

The Decentralized Exchange that is powered by GLITZKOIN uses proprietary machine-learning algorithms and has been created to bring transparency and coherency to the global diamond markets. The exchange comprises three main elements: the gem composite, which represents a diamond’s gemological perfection; the parallel composite indicating the rarity of a diamond category and the indices composite, giving potential traders market directions for the diamond industry. Diamonds are uploaded to the exchange post registration with our track & trace ledger and classified by categories. The exchange has been designed to incorporate artificial neural network technology using all available diamond data.

The GLITZKOIN project addresses the pricing issues and the need to unlock diamonds as an investment option using blockchain technology. Blockchain technology is best known for providing the foundation of the peer-to-peer (P2P) cryptocurrency and payment system Bitcoin. In recent years, the blockchain concept, also called the distributed ledger system, has spread in popularity. This has resulted in various blockchain-based applications in the finance sector, in prediction markets, as a platform for the Internetof-Things applications and so on. GLITZKOIN utilizes the Stellar blockchain for its solution. In addition to the underlying distributed ledger, Stellar incorporates smart contracting capabilities in a secure fashion while providing a very high number of transactions at significantly low transaction costs.

THE GLITZKOIN OPEN ECOSYSTEM

GLITZKOIN Wallet

The coin management platform helps users and developers view coin balances, transaction history and even subscription contracts. Developers can also see cumulative payments and other user specific information.

GLITZKOIN API

The GLITZKOIN API plays a pivotal role in GLITZKOIN. The API can be used to access the various services offered by GLITZKOIN. Developers are responsible to implement the GLITZKOIN API within their site or mobile app.

GLITZKOIN Merit Engine

Once the ICO is completed, the EME kicks in. It is a fair pre-decided mechanism which decides when and how to reward coins to the community.

ROADMAP

Q4 2017

   Initial Spark followed by Background Research
   Development of Initial Concepts and Diamond Industry Outreach 
   Initial White Paper and Design Prototypes

Q1 2018

   Glitzkoin Project Scope, Token Use Case Design and Token Economics
   Core Founding Team on Board
   Company in Stealth Mode, Company Registered in Estonia
   Project Deck and White Paper, Technical Architecture
   Official Website Launch
   Token Presale Launch

Q2 2018

   Launch of Public Token Sale 
   Conclusion of Token Sale and Distribution of Tokens 
   GlitzKoin Diamond Exchange Development 
   Start GlitzKoin Global Marketing Effort

Q3 2018

   GLT Token Listing on Crypto Exchanges 
   Beta Testing of Diamond Exchange Platform 
   Development of Global Diamond Track & Trace System 

Q4 2018

   Decentralized Exchange Deployment
   Global Diamond Track and Trace System Deployment
   Bug Fixes and Enhancements to Deployed System

Q1 2019

   Adding more Features/tools to GlitzKoin Diamond Exchange 
   Continued Marketing to Increase GlitzKoin Awareness

ICO Token Distribution

They accept Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP) and Stellar (XLM) as the mode of payment for GLITZKOIN Token purchases

Token Economics

TEAM

Find more info from link:

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

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1233872