GLITZKOIN: FOSTERING THE INTEGRATION OF THE BLOCKCHAIN TECHNOLOGY AND THE DIAMOND INDUSTRY

cryptoboss12 (40)in #diamond • 6 years ago (edited)

‘Better a diamond with a flaw than a pebble without’ is a popular saying by conficus. The expression above goes to show how much value people place on diamonds. Its one of the most valuable rare gems 💎 history has ever known.

As highly valuable as it is, the diamond industry lacks one very key item, that’s paramount to the success of every business; Transparency. Due to the high value it holds, It is very common to see people try to swindle each other out of their assets.

Another effect of the lack of transparency in the business is that there will be several cases of traders trying to sell off counterfeits in place of the real deal.

This has gone on for so long, without a lasting solution ever proferred. This is why the GLITZKOIN team came together to create a platform where the problems associated with that market can be finally laid to rest. It will utilize the blockchain technology to achieve its aim.

GLITZKOIN is the first blockchain based project that focuses on the diamond industry. By channeling the functionality of the technology, It will be able to combine the traditional diamond industry with the advanced blockchain technology.

⚫️GLITZKOIN Objectives includes;⚫️

💎 To eliminate paper based transaction process by using an automated diamond tracing and tracking capacity on the platform. By doing this, It will be able to curb the actions of people trying to take advantage of their peers.
This will foster trust and transparency.

💎 Create a decentralized market where buying and selling of diamonds will be done on an equal footing. Since the blockchain technology will be employed, trust will be instilled into the system, as all records of transaction is stored on the blockchain and available for authorized viewing.

💎 Improve on the traditional ways of concluding transaction by adding services such as insurance, finance and shipping of the diamonds to the desired location. The moment the platform begins to offer insurance, people will feel safer to trade on GLITZKOIN. The delivery services will also allow trades to be done by people regardless of their location.

You would agree with me that once all these objectives are met, the industry will inevitably become more exposed. Since the platform will be easy to use, people with little or no experience will be able to finally buy and sell diamonds. It will also be appealing to professional diamond traders as it brings services never experienced before.

The transaction process on GLITZKOIN

⚫️ADDITIONAL FEATURES ⚫️
Since all the records on the blockchain are public, GLITZKOIN has to introduce additional features, so as to appeal to its users. This market is a very sensitive market and a lot of money is involved, therefore they implemented;

💎Privacy features to keep transaction data completely hidden from unauthorized prying eyes

💎The platform is user friendly to encourage new users.
💎Identity and network security
💎Historical records

GLITZKOIN is a Stellar inclusive platform. Unlike the ethereum most platform utilizes, the Glitzkoin team choose the Stellar network so as to start and grow with the network for easy expansion and future collaborations.

💎GLITZKOIN WALLET💎
These is where users can monitor their balances and transaction history

💎GLITZKOIN API💎
These allows users to enjoy all the benefits implemented on the platform

💎GLITZKOIN MERIT ENGINE💎
Helps to analyze the reward system to be used.

⚫️ICO INFORMATION ⚫️
Token sale has started already. It will end on June 25th, 2018. To participate in the sale, you need to pass KYC and register to be Whitelisted. Accepted currencies for the token sale event are BTC, ETH and XLM. The minimum purchase a person can buy is $100 worth of tokens

⚫️FUNDS DISTRIBUTION ⚫️

⚫️PARTNERSHIPS ⚫️

⚫️RATINGS⚫️

⚫️ROADMAP ⚫️

⚫️TEAM⚫️
The team comprises of professionals from the diamond industry and cryptocurrency experts. Miners, polishers, certificate authorities, retailers, and so many other experts are on this team. They have years of experience in the diamond industry. They have been able to study the market well and work on this project.