Glitzkoin: a new level of the diamond industry on the blockchain

Diamonds are magnificent shiny stones that symbolize luxury, prestige, and wealth. Transactions that are carried out in the diamond industry are due to personal contacts. People who participate in various transactions evaluate each other while moving in business. Many people rightly say that first you need to evaluate the dealer himself, and only then to assess his diamonds. Even if the assessment was carried out carefully, there will still be conjectures and assumptions.

Glitzkoin is a project that makes operations in the diamond industry transparent and simple. Thanks to the project, the normal diamond industry is being integrated into a new decentralized valuation system. Any evaluation will now not be carried out with the help of guesswork and supposition. The project seeks to ensure that the diamond industry is transformed, various barriers disappear, interactions are improved, and confidence is built up during transactions.

What is the Glitzkoin project?

The blockchain technology, the cryptocurrency, and the ICO have significantly changed our modern world. The diamond industry was no exception. But, despite various attempts, the blockchain-system was not yet invented which focuses exclusively on the diamond sphere and solves various problems that arise in this industry.

A few decades ago, the diamond industry needed transparent operations. Business contacts during the processing of diamonds adhered to the scheme "client-client". Therefore, their purchases and sales severely narrowed the market.

The Glitzkoin project focuses on integrating everything into the best. Exactly what was taken from the traditional diamond sphere.

What is the work of the project?

Glitzkoin is a global project that uses only the best technologies, for example, blockchain. In addition, the project involves smart contracts, as well as machine learning. These technologies reduce the risk of banking operations providing users with only disclosed reliable sites that allow the sale of diamonds and precious stones. The project team provides participants with an ecosystem through which you can:

• make important decisions in the diamond industry
• take part in the supply chain
• track and certify diamonds
• implement decentralization of exchangers during the sale of precious stones
• use the related services of the project.

Functionality and tasks of the project

The Glitzkoin project functions only for the benefit of each participant. The main objectives of the project are:

• The global platform, which uses blockchain technology, strives to improve the cost of delivery indicators, increased product recognition, and reduced traditional inefficient paper turnover of documentation.
• Thanks to the project, owners of shares that produce precious stones and retail sellers will communicate with each other.
• The project will allow participants to track certified diamonds.
• The parameter of any stone will be taken into account, then where it was found, its history.
• With the help of the project, customers will be able to track each stone during the route given its value.
• The project will greatly facilitate the transactions between all traders.
• Now each participant will be able to sell and purchase precious stones.
• Thanks to the project, the time spent on making a particular transaction is significantly reduced.

Project advantages

Glitzkoin is a project in which only professionals of the diamond industry, technical experts of the blockchain and cryptocurrency work. In the world of precious stones there are a huge number of shareholders and firms that mine diamonds, polish them, sell and buy diamonds, and so on.
The Glitzkoin project is a confidential, affordable, and secure corporate offer. Modern blockchain technology does not meet the needs of the industry, since the information regarding transactions is completely open, and security is uncertain.

• Confidentiality. The project uses new technologies, thanks to which transactions are considered completely safe. They are encrypted, and therefore considered incomprehensible to competition.
• Comfort. The technical capabilities of the project are intensively integrated, and therefore firms and users will not need special knowledge.
• Security. Project deliveries are safe. Unfair participants are completely excluded.
• Information about past deliveries. The project records all the past tense data.

In addition, the Glitzkoin project enables firms to actively implement customized chain applications in which data will be strictly classified.

To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://www.glitzkoin.com/ and read the whitepaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf

Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e