GlitzKoin: Pioneering the Diamond Blockchain

adedayor (45)in #glitzkoin • 6 years ago

Diamond is a solid form of carbon with a diamond cubic crystal structure. Diamonds are all about glitter, glamour and prestige as they symbolize luxury and Opulence.

The diamond industry consists of segments that mines, processes and markets gem diamonds and industrial diamonds. The diamond industry employs approximately ten million people around the world, both directly and indirectly, across a wide spectrum of roles form mining to retail.
Majorly in Africa, Diamonds are the major natural resources and an estimate of 8.5billion US dollars worth of rough diamonds are produced from Africa out of an estimate of 15billion US dollars that are produced per year. The global diamond jewelry sales continue to grow and rise higher, increasing the threefold in the past 25 years.

The diamond industry is no doubt in need of a means of transforming the industry so as to make a better sales and enlarge the size of the diamond industry as a result of some set backs in the industry due to Lack of transparency, Visibility, and Objectivity in the diamond industry which was felt many years ago and has caused a massive limitation in the size of the diamond market due to the need for person to person contact when processing a diamond purchase or sale.

In recent time, we have witnessed the wide spread and massive adoption of the Blockchain technology and cryptocurrency which has bring about massive transformation for the world in general and the Diamond industry is no exception and that's why the Glitzkoinis focused on integrating the best features of the conventional diamond industry with the utility an functionality of the latest blockchain technology.

GLITZKOIN

GLITZKOIN is a highly advanced blockchain based diamond trading platform with a crypto currency to facilitate smooth financial settlements, with a strong focus on transparency and security. The GLITZKOIN diamond platform is the first major overhaul of the diamond industry in decades. The platform provides for immediate access for new and existing diamond buyers to connect with existing sellers anywhere in the world.

Glitzkoin Objectives
The Aim and objectives of this global trade platform is as follows;

Connecting all stake holders form mining companies to Retail customers.
Improving the cost of transportation, lack of visibility and insufficient with paper-based processes.
Authenticating and tracking the diamond, thereby reducing risks of theft.
Facilitate trustless transaction between diamond traders.
The platform allows anyone to buy and sell diamonds.
Facilitate ancillary services like shipping and insurance for diamond fulfilled by third party providers.
Cutting down the time required for trade transactions settlements to the minimum, and lots more.

The video below will put more light about Glitzkoin ico

Glitzkoin Wallet
This platform on the Glitzkoin ecosystem helps users and developers to view coin balances, transaction history and even subscription contracts.

Glitzkoin API
This platform plays a vital role in the Glitzkoin ecosystem, it is used to access the various services provided by the Glitzkoin.

Glitzkoin Merit Engine
As soon as the ICO is completed, the EME sets in, it is a fair pre-dicided mechanism which decides when and how to reward coin to the community.

RoadMap