De Beers to launch their complete Blockchain solution “Tracr” this year

The pilot project was announced in the month of January after logical analysis with the experts in the diamond industry.

The diamonds were tracked through a streamlined process starting from the mine. Further from the mine it went through the refined processes of shaping the diamond through the cutter. From the cutter it moves for polishing to the polisher and finally to the retailer or jeweller.

De Beers pilot initiative was undertaken for 100 high-value diamonds.

Their own Blockchain platform dubbed “Tracr” will be launching this year itself. The platform will be available to provide its services to the giant diamond company.

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Tracr will be useful for consumers as well. It will give a clear picture about how diamonds’ authentication process functions within the industry.

Several diamond manufacturers have actively participated for the creation of the blockchain platform “Tracr” in cooperation with De Beers. The name of the manufacturers are Diacore, Diarough, KGK Group, Rosy Blue NV and Venus Jewel.

The experienced manufacturers provided significant contribution for the development of the platform for the diamond value chain. Read more https://bcfocus.com/news/de-beers-to-launch-their-complete-blockchain-solution-tracr-this-year/9020/

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