GLITZKOIN: BRINGING BLOCKCHAIN TECHNOLOGY TO THE DIAMOND INDUSTRY

emmy92 (42)in #ico • 6 years ago

Blockchain system and cryptocurrencies are beginning to change the world and the Diamond market is not left out. In spite of some recent attempts, there has not been any blockchain ecosystem that is dedicated squarely to the diamond industry which is tailored to tackle the several issues encountered by the industry.
There are problems of trust, openness and specificity which necessitates contacting a particular person when analyzing a diamond purchase and sale, and this is where Glitzkoin seeks to rescue the situation by incorporating the best details of the traditional diamond market with, intuitiveness and functionalities of the contemporary blockchain technology.

WHAT IS GLITZKOIN?

Glitzkoin is a worldwide startup that utilizes the most advanced of cutting-edge technologies, not leaving out the blockchain, smart contracts and machine learning to aid in lowering risks and frauds for financial institutions, insurers and general marketplaces in the diamond and precious stones world.
Glitzkoin offers a whole ecosystem for the diamond market from a supply chain option to tracing and verification of diamonds and lastly a disaggregated exchange for the buying and selling of diamonds and cognate services.

WHY GLITZKOIN?

Glitzkoin brings the newest blockchain technology into the supply chain of the diamond market. This engenders a totally new platform to facilitate worldwide buying and selling of diamonds. Aside from lowering the cost of a transaction, Glitzkoin takes away the ineptitudes that are specific to paper-oriented transaction analysis.
A set of sophisticated roles are executed to give a very complex and precise diamond detection and tracking ability. The aim is to disaggregate the diamond-selling points as this will richly open purchasers and sellers to several opportunities.
Diamond transactions demand extra services such as shipping, funding and insuring, these extra services demand disparate service companies. What the Glitzkoin will do is just to combine them in the software as opposed to billing any rate or brokerage for that kind of third-party service.

WHAT GLITZKOIN BRINGS TO THE DIAMOND INDUSTRY

Integration Of Blockchain Technology To The Diamond Market Supply Chain: Glitzkoin believes that through uniting of all stakeholders such as buyers, sellers, traders etc transactions will be carried out easily and efficiently. By building a hybrid blockchain technology, Glitzkoin ensures the following;
a. Protection of transaction history as well as trade secrets,
b. A user-friendly platform where users and companies can easily navigate without any prior knowledge,
c. Securing of historical data which makes it possible for suppliers to prove their worth,
d. Easy creation of supply chain application,
e. Identity and Network Security.
Decentralized Exchange: Glitzkoin aims to create a global exchange with the sole purpose of connecting traditional diamond industry with innovative financial marketplace promoted by cryptocurrencies. The result of this is; a trustless transaction between diamond traders is fostered thus anyone can sell or buy diamonds with the trade transaction time ultimately reduced.
Diamond Track and Trace: With the aid of blockchain technology, Glitzkoin aims to instil trust from the source to the final consumer within the supply chain, this, in the long run, will facilitate companies to be more transparent in all their dealings.
The following is also achieved;
a. Theft is stopped through authentication and tracking of diamonds,
b. Successful recording of attributes, history and origin of each diamond etc.

GLITZKOIN TOKEN SALE

CONCLUSION

Glitzkoin is a worldwide start-up that employs the most sophisticated contemporary technology such as blockchain and smart contracts to reduce risks and ease transactions in the diamond buying and selling industry.
Glitzkoin aims to develop a blockchain-oriented open ecosystem for the diamond market where every transaction in diamond can be done and regulated.
Glitzkoin offers the following advantages;
a. Removal of the middleman,
b. Protection of stored data,
c. Fraud elimination,
d. Efficient worldwide transactions.

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