GLITZCOIN-GLOBAL MARKETPLACE FOR DIAMOND INDUSTRY

tikanurqaidah (32)in #cryptocurrency • 6 years ago

Who is not fascinated with diamonds? Diamonds are the kind of help that most people are interested in. Not surprisingly, demand for diamonds in the world market remains stable despite the global economic uncertainty. However, because the price increase every year is unpredictable, the prestige of diamonds as an investment is not as good as gold. Economic fluctuations affect the growth of world diamond market which tends to be stable.

Individuals and couples can buy diamonds in the retail market. However, there is a new movement that wants to make diamonds can be bought for investment like gold. Diamonds are classified as gems that were first discovered in India 800 years before Christ. Since ancient times, this gemstone is often used as the main decoration for women and tied with gold, silver, or platinum. Diamonds as jewellery is considered a symbol of one's social status because the price is not cheap. Diamonds also still have resale value, so some people think a diamond is one of the investment instruments as well as gold.

What is Glitzcoin?
Glitzcoin is a platform that brings together the sophistication of blockchain technology and the diamond industry. The glitzcoin platform will be a blockchain-based market for diamond trading, using smart contracts to reduce losses for banks, insurance companies and diamond markets. The desire of glitzcoin is to create a transparent platform because there is an urgent need in this industry.

At this time there is no blockchain technology that touches the blockchain industry. Lots of problems faced by the diamond industry related to transparency, visibility and objectivity. This complicated problem can be solved by using blockchain technology.

Glitzcoin by integrating the best features of the conventional diamond industry with the utility and functionality of the latest blockchain technology will provide solutions to the problems at hand. The use of blockchain will enable cost reduction and transparency in the diamond industry.

The benefits of Glitzcoin

Uses superior stellar technology in its speed and super low cost.
Payment can be made with various options including fiat money though
Have a reliable team experienced in the field of chain block and diamond industry
crypto GLITZKOIN in the near future will be accepted as a way of payment for various goods and services

with glitzcoin problem-free transactions between diamond traders or 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 polishing machines. In relation to the effective implementation of GLITZKOIN on Stellar blockchain, settlement times for transactions and transactions will be significantly reduced.

GLITZKOIN operates, using its own machine learning algorithm and is created to ensure transparency and consistency with the global diamond market. The exchange consists of three main elements: a combination of precious stones, representing the gemological perfection of diamonds; Parallel composites that show the scarcity of diamond categories and composite indexes, giving potential market direction to diamond traders. transparency all the way and diamond authentication will give the experts and diamond buyers confidence for the first time. The absence of intermediaries and the reduction of transport and other related costs will enable to obtain a fairly competitive price.

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