The blockchain as a phenomenon appeared in 2008 and has been developing and getting new opportunities since that time. It broke into all financial spheres and let optimize all processes and enhance the security of different networks and market segments. The developers are already searching for ways to create a harmonious and user-friendly ecosystem for the diamond industry. One of such projects is GlitzKoin. This segment obviously needs some changes. The complex structure and the great number of facilitators cause the excessive increase in prices of both cut and rough diamonds. This has quite a negative impact on the barter in this sector.
The modern blockchain technology integration into the structure of supplies to the diamond market will open a fundamentally new platform for the world trading of precious stones. This also significantly reduces costs and time spent on executing transactions. The platform is aimed at eliminating the ineffective structure of the paper bureaucracy. The huge number of modern protocols connected to the system will let track and control the diamond turnover on the market. The procedure of the platform decentralization will give wider opportunities to all market participants. The process of diamond trading causes other additional needs, such as:
BlitzKoin ensures a transparent and simple interaction without fees and additional costs.
There is no doubt that such update in this trade sphere will let significantly broaden the market and increase the turnover. The transparency of the whole system will let attract more potential clients of the platform and increase the general prestige due to the transparency of all transactions. A lack of facilitators, low transportation costs and interest rate reduction will lead to the increased competition.
The main financial unit on the platform is GlitzKoin. This is not just an ordinary cryptocurrency. This is a token developed by the special team with a great experience in the sphere of the diamond industry, developing blockchain platform and working with cryptocurrencies. GlitzKoin is developed exactly for working on the market of precious stones. This sector has quite a great number of users, from consumers and retailers to large mining and processing corporations.
Blockchain platforms imply a necessary security and confidentiality level to execute various transactions associated with buying and selling diamonds. By using the public and private blockchain segments, the network is seeking the flexible work of all internal algorithms that are able to combine the high security and transparency level with a high level of control over private blocks.
So, GlitzKoin offers this segment a turnkey solution. The main advantages are:
The platform is aimed at closing the gap between modern technologies and classical markets, ensuring the decentralization of the whole sector and conducting business in a transparent and safe way. These changes are able to raise demand in diamonds and increase the number of investments in this sector.
Visit the links below for more information:
GlitzKoin website: https://www.glitzkoin.com/
