GLITZCOIN: BLOCKCHAIN ECOSYSTEM FOR THE DIAMOND INDUSTRY

Cryptocurrencies and the Blockchain technology are changing the world and does not exempt the Diamond industry as well. No blockchain ecosystem concentrated on the diamond industry has been planned that encompasses the different issues the business is currently facing, regardless of some early endeavors.

The need for visibility, objectivity, and transparency in the diamond industry was felt numerous decades ago. The requirement for an individual to individual contact when processing a purchased diamond constrained the span of the market.

GLITZKOIN is a worldwide startup that uses the best of developing technology including smart contract, machine and blockchain learning to help in the reduction of frauds, hazard, and risks for insurers, banks and open commercial centers in the diamond industry. From a supply chain arrangement to tracking and affirmation of diamonds, and also to the means of a decentralized trade for the exchange of diamonds and related services, GlitzKoin tends to give a full biological system to the diamond industry.

GLITZKOIN OBJECTIVES AND FUNCTIONALITY

Interestingly, GlitzKoin centers around coordinating the very best features of the conventional industry of diamonds with the functionality and utility of the most recent blockchain technology.

1. A worldwide exchange platform utilizing blockchain technology helps in improving the cost of transportation, inefficiencies with paper-based processes, and lack of visibility.

2. Connecting all stake-holders from Mining organizations to Retail clients

3. They aim at preventing theft by tracking and authenticating the diamond.

4. They aim at tracking diamonds throughout their value-added journey

5. They aim at facilitating trustless transactions between diamond traders

6. They permit anyone to purchase and sell diamonds

7. Facilitate ancillary administrations like shipping and protection for diamonds fulfilled by third-party providers

8. They drastically cut the time required for exchange settlements

DIAMOND INDUSTRY SUPPLY CHAIN USING BLOCKCHAIN

GLITZKOIN’s blockchain has a configured privacy options mainly for the diamond industry. GlitzKoin guarantees transparency by expanding on both, private and public blockchains in order to accomplish a hybrid specialized model. This consolidates the best of the two worlds; high level of security of public blockchain is combined with permission controls in private blockchains, this enables GlitzKoin to better serve the diamond industry.

GLITZKOIN combines security, accessibility, and protection with a view to making enterprise-ready applications. Current blockchain innovation does not address industry issues as the Transaction data is totally open and Network security is frequently uncertain.

DECENTRALIZED EXCHANGE

GLITZKOIN executes a worldwide exchange platform that spotlights on bridging the gap between the conventional diamond industry and the innovative financial markets led by cryptocurrencies. With broad industry information, GlitzKoin intends to design a ground-breaking transformation – empowering individuals to exchange and invest in diamonds like some other budgetary resource, within a straightforward and secure condition. The GLITZKOIN Diamond Exchange permits anybody to invest into individual diamonds, offers of a precious stone or offers in a basket of diamonds.

Furthermore, the GLITZKOIN project tends to address the estimating issues and the need to open diamonds as a choice of investment, utilizing the blockchain technology. Blockchain technology is best known for giving the establishment of the peer-to-peer (P2P) cryptocurrency and the Bitcoin payment system. As of late, the blockchain idea, additionally called the disseminated record framework, has spread in fame. This has brought about different blockchain-based applications in the financial sector, in expectation markets, as an Internet platform etc.

It will be of interest to you that GLITZKOIN uses the Stellar blockchain for its answer. Stellar joins smart contracts capabilities in a safe design while giving a high number of exchanges at a very low transaction cost.

ICO TOKEN DISTRIBUTION

GLITZKOIN accepts Bitcoin (BTC), Ether (ETH), Stellar (XLM), Ripple (XRP), and Litecoin (LTC) as the means of payment for GlitzKoin Token purchases.

35% of the token distribution goes to the Company

25% of the token distribution is for the Token Sale

20% of the token distribution goes to the Community

20% of the token distribution goes to the Market Making

For more info about this platform, and also to join the network, endeavor to visit:

WEBSITE
TELEGRAM
WHITPAPER
FACEBOOK
TWITTER
BITCOINTALK ANNOUNCEMENT
REDDIT
MEDIUM

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