Although one should also be eager to mention the ills that beset this industry and how operationally the industry works. The industry is made up of billions of workers globally starting from the core miners to the retailers and dealers and back to the certifier and the verification labs and to the auction house to the effective consumer of the good.
Diamond industry even though is well vast industry and works with billions of dollars is still faced with multiple challenges from the work of its exploration to the final buyer of the precious stone. The transparency in the industry is so very questionable and this often pull off investor, and coupled with the lack of ability to track this stones in real time and inability to effectively verify the original from the dubbed fake stones.
Well with the present introduction of Blockchain technology and the decentralized market. The trading sphere and business at large is taking a new course in history, based on tis trust shared and the security it offers and the added advantage of real time follow up and anonymity and quick transaction.
So its not strange when a company in the diamond industry want to build her platform on the technology in a way to give new meaning to diamond trading.
GLITZKOIN is a platform that seeks to bring together all the parties involved in the trading of diamond, right from the miner to the final buyer together on a platform with absolute simplicity and transparency and trust.
GLITZKOIN is not trying tokenize a diamond, but trying to bring all parties to a platform for effective trade on a global scale.
The platform will have all parties and monitor a stone all along its course of life travel. The platform will register all recognize diamond trading company and have all their diamond verified for originality on their own specified laboratories and then can allow listing.
The available diamond on the platform will be built up in form of contract. Each Diamond-contract is now tradeable on the platform either to single buyer or the contract is partitioned into multiple contract to allow multiple parties to own a very valuable diamond. Also, multiple partners can hold the contract to a diamond, but at the point of delivery it will change to single.
The GLITZKOIN will involve mainly in the trading of the diamond, verification of it, monitoring its movement, and also may organize how it will be transported and delivered to the buyer. And do I need to add, the platform will not do a undercharge of the price or use. The vision is just to make trading safe and secure.
Glitzkoin will rejuvenate the Diamond business and give new lease of life to tis trading on a global platform. So what are we driving toward? As a dealer in Diamond, you have a platform that will connect you with the various miners of the raw stone, or connect you to the people that polish the diamonds and also list approve labs for the testing of the diamond before you purchase it, all on a secure network of Blockchain using cryptocurrency.
So in order to achieve this platform and to get the token (GLITZKOIN Token) that will be used to operate on the platform the platform is doing an initial coin offering (ICO) to the investors to get onboard.
For further information and to invest, visit.
Website: https://www.glitzkoin.com/
Whitepaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
Facebook: https://www.facebook.com/GlitzKoin-193241214767377 /
Twitter: https://twitter.com/GlitzkoinToken
Medium: https://medium.com/glitzkoin
Telegram: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
