CEDEX PROJECT: Diamond Exchange Cryptocurrency Blockchain

reallinks (30)in #cryptocurrency • 6 years ago

CEDEX is a global exchange that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets. With its extensive industry knowledge, CEDEX wants to engineer a ground-breaking change – enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.

HOW IT WORKS

CEDEX works by removing the three main obstacles (lack of transparency, liquidity and fungibility) the CEDEX (CEertified Blockchain Based Diamond EXchange) will disrupt the way diamonds are currently perceived. Using innovative propriety technological solutions – including emerging blockchain technology – CEDEX will create an open and transparent marketplace in which anyone will be able to liquidate diamonds or invest in diamonds as a new financial asset class.

There are three core components of the DEX, including:

Gemological composition of individual diamonds listed on Cedex
Diamond market financial indices
Global inventory analysis

After diamonds are onboarded onto Cedex, they’re separated into categories. Investors will be able to easily view these categories to check the best diamond investments.The end result of all of these technologies is that anyone – even someone with no knowledge of diamonds or how they’re rated – can invest in diamonds. Average investors can purchase ETF-style investment vehicles built around diamonds, for example.Investors can purchase shares in high-value diamonds. They can check the ratings and expected value for different diamonds listed on the Cedex platform, then enjoy profits as values rise over time.

ABOUT THE PLATFORM

The CEDEX Exchange enables anyone to invest in individual diamonds, shares of a high-value stone or shares in a basket of diamonds (ETF). Traders can have full confidence in buying and selling, even without prior knowledge of diamond trading. Thanks to the DEX, 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 CEDEX creates a unique benchmark value, rate and smart contract for every stone.

CEDEX aims to connect main diamond supply sources, such as dealers and private holders, with general investors and cryptocurrency owners.“The ultimate objective of the project is to bridge the gap between the traditional diamond industry and the innovative financial markets.

The platform envisions bringing together diamond holders who want to liquidate their holdings and investors looking to diversify or hedge their investment portfolio to include diamonds as an investment asset and doing so in a secure and transparent way,” the whitepaper reads.To rank diamonds on the exchange, CEDEX has developed a proprietary machine-learning algorithm, called DEX, which combines diamond financial indexes data, gemological data, and global inventory data.

The service will enable people without any expertise to securely trade in diamonds.To support the exchange’s further development, the team is going to launch a crowdsale on January 12, 2018. The majority of funds raised from the sale of its CEDEX Coins will be used to market the platform and to get necessary licensing and regulation in different locales.

CEDEX is a joint project between brokerage group TechFinancials and private banking expert Saar Levi who teamed up last month to develop a revolutionary platform for diamond trading.

To contribute to the development of the platform, TechFinancials, which owns 90% of the venture, is providing initial funding of $400,000 in the form of an unsecured interest-free loan. Besides, it is going to assist developers by providing its expertise and technical development services on a fee-for-service basis.

Cedex Conclusion

Cedex wants to transform diamonds into a new asset class built on blockchain technology. You can use Cedex to view ratings information for diamonds, then invest in diamonds in a transparent way. Cedex opens up new investment opportunities, like the ability to invest in diamond-based ETFstyle investment vehicles, or the ability to buy shares in high-value diamonds.To learn more about Cedex and their token sale, visit online today at Cedex.com.