GLITZKOIN: BLOCKCHAIN ECOSYSTEM FOR THE DIAMOND INDUSTRY
Global evolution has been a constant change over time with the introduction of new technology in some aspect of life. When I mean change in some aspect of life, I mean innovation for the betterment of getting things done. Example of such innovation includes the World Wide Web, new telecommunication era with the provision of mobile phones, innovation of blockchain and lots more. Some sectors of the world system still works on traditional means of getting things done.
Am going to be talking about the diamond industry eco system which is still been operated via traditional means. There has been so much innovation globally in every sector but I haven’t seen any when it when it comes to the diamond industry.
The above diagram is the traditional process the diamonds goes through before it reaches the retailing. The chain process makes the process slow and also involves third parties making the whole process elongated and opened to lots of risky factors. Diamonds is one of natural resources mostly found in Africa, so imagine a trade between two individual’s continents away from each other. The transaction train trend still keeps getting longer because the two individuals still have to meet up eventually. There is an urgent need on how diamond eco system can be best managed.
THE GLITZKOIN SOLUTION
The GLITZKOIN is a platform that offers solution to the diamond industry providing means of making supply chain better with the introduction of blockchain technology, smart contracts and machine learning to eliminate risk and fraudulent transaction in the chain trend.
The introduction of these three factors will eliminate third parties individuals in the chain and enable speedy and secure means of transaction via the blockchain technology involved involved in the chain trend. The introduction to of the platform gives opportunity for global market via blockchain technology for transaction on a secure and speedy means bringing about investors and elimination of traditional paper documentation process. The platform where buyers and sellers transact gives a transparent means of going about making payment and buying which gains trust of individuals transacting on the platform.
Enablement of keeping track of the diamonds and keeping data of the source of the diamond is also available on the platform which gives a full history on the jewel.
The platform is made up of professionals from the diamond industry and experts from the technical field related to blockchains and crypto currencies with the mining companies that bring about ease and efficiency of fulfilling transactions. GLITZKOIN utilizes the STELLAR blockchain for its solution addresses the pricing issues caused by different blcokchain applications.
Securely recorded historical data and transactions allows suppliers to prove their reliability to buyers and rating institutions couple with machine-learning algorithms and has been created to bring transparency all just to ensure more trust of both parties involved in transaction on the platform.
As I mentioned earlier the platform works with smart contractors that facilitate, verify and enact with computing means, a negotiated agreement between consenting parties involved in the transaction on the platform. GLITZKOIN token is aimed at making transactions faster and trustless for both buyer and seller. All this process bridges the gap between the traditional diamond industry and the fast emerging innovative financial markets headed by cryptocurrencies via blockchain technology. The platform gives opportunities to novice and experts to transact via the easy user interface because it not technical to understand in making transaction. It also gives deliver options for the jewel via the smart contract incited on the platform. Digital Certification and Verification is done using specially designed Smart Contracts that ensures transparency and authenticity of the diamonds that are traded globally. This protects the high value assets like diamonds and it facilitates trustless trade on the global marketplace while reducing risk and combating theft, trafficking, fraud and labour practices, environmental degradation and the funding of violence in parts of Africa.
Finally, the platform connects organisation other bodies involved in the chain of transaction in the eco system.
Dear readers, let’s all be part of this great innovation to give a change to the ecological system of diamond processing via machine, blockchain technology and smart contract offered by GLITZKOIN
ROADMAP
INITIAL COIN OFFERING
TEAM
NAVNEET GOENKA: CEO
OLGA ROSINA: Diamond Specialist
SHASHANK AGARWAL: Head of Technology
SOFIA FISCHER: Head of Marketing
LILA HUSSAIN: Head of Business Development
DATO’ ALIA HM JALLY: PR and Media Relations
DINESSHWARAN YOOGAN: Marketing Manager
ADVISORS
Mikhail Kozlov: Advisor
Datuk Mat Rabi Abu Samah: Advisor
Paolo Albertelli: Advisor
Rohit Agarwal: Advisor
FOR MORE INFORMATION KINDLY CLICK ON THE LINK BELOW
BITCOINTALK: https://bitcointalk.org/index.php?topic=3534822.0;all
WEBSITE: https://www.glitzkoin.com/
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EMAIL: [email protected]
WHITE PAPER: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
MEDIUM: https://medium.com/glitzkoin
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