The Glitzkoin

The Glitzkoin project, using blockchain technology, solves the issues of pricing and the need to turn diamonds into an investment tool. The technology of blockchain is well known as a way to create a foundation of one-rank crypto currency and Bitcoin payment system. In recent years, the concept of blockchain, also referred to as a distributed registry system, is gaining popularity. This leads to the development on the basis of blockchain of various applications in the financial sector, the sphere of the forecast of markets, in the form of a platform with the technology of "Internet of things", etc. In its solutions, Glitzkoin uses the Stellar blockchain technology. In addition to the main distributed registry, Stellar uses the capabilities of smart contracts in a secure manner in the process of conducting a large number of transactions at very low transaction costs.

Glitzkoin carries out the functions of a global exchange, focused on bridging the gap between the traditional diamond industry and innovative financial markets, led by crypto-currencies. Having extensive knowledge in the industry, we are aiming at radical changes - to enable people to invest in diamonds as in any other financial assets and to carry out the liquidation of assets in a transparent and safe environment. The Glitzkoin Diamond Exchange gives everyone the opportunity to invest in individual diamonds, shares of precious stones or shares in a basket of diamonds, like ETF.
Glitzkoin is not just another blockchain, the blockchain team consists of professionals from the diamond industry, technical experts from blockchain-technologies and crypto-currencies. In the diamond industry, there are many shareholders, ranging from mining companies and including companies engaged in diamond polishing, certification bodies, retailers and consumers. By collecting all shareholders on one platform, Glitzkoin makes it easier and more efficient to execute transactions. Their own blockchain has privacy options specifically set to work in the diamond industry. Glitzkoin provides transparency of operations, using both public and private blockchain to obtain a hybrid technical model. Here, the best of the two worlds is combined; The high level of security of the public blockchain is combined with the controlled private blockchain, which allows us to better serve the industry. Glitzkoin, combining privacy, accessibility and security creates ready-made enterprise applications. The current blockchain-technology does not meet the needs of the industry, as transaction data is completely open, and network security is often uncertain.
Smart contracts are protocols of a kind of "orchestration and choreography", facilitating, verifying and interacting with computer facilities, a contractual agreement between the parties. The latter, entering into a binding agreement, place applications using smart contracts to connect to certain services and functions, for example, a trading P2P platform. Several projects offer tokenization of asset classes representing asset-based crypto currency. Glitzkoin is not a tokenizer of diamonds, Glitzkoin is a utility token used for the decentralized blockchain of the environment of the diamond industry.

The task of Glitzkoin is to carry out transactions quickly and without trust. This inspires confidence in both the seller and the buyer, creating a tough and active platform that successfully functions on the healthy interaction of all shareholders.
Glitzkoin's main goal is to bridge the gap between the traditional diamond industry and rapidly emerging innovative financial markets with crypto-currencies at the head. The platform connects diamond owners who want to liquidate their assets and traders seeking ways to diversify or secure their investment portfolio by including diamonds as an investment asset, acting in a safe and transparent manner. In terms of demand, both experienced buyers and beginners, are more willing to conduct transactions with such a universal platform. It is important to understand that this platform opens markets to buyers who contract diamonds for the first time, but more importantly, that they are virtually understandable. This, the diamond sellers are increasingly approaching the growing market, and are not in the shadows, as in the usual trade in diamonds and diamonds.
Below you will find useful information on the links:
website https://www.glitzkoin.com/
whitepaper https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf