Glitzkoin is a startup that intends to revolutionize the diamond industry through decentralization of the supply chain. The company is creating a more transparent system by using the latest technological tools to eliminate guesswork and engender trust.
Glitzcoin, through the creation of distributed ledger technological system that caters for the industry, cuts out middlemen, making it possible for anyone to buy or sell diamonds through a simplified seamless network. This elimination of barriers will enhance cross-border participation in the diamond trade due the transparency created by the Glitzkoin platform.
The concept is to create a stage that incorporates the traditional diamond industry into the innovative financial sector driven by cryptocurrencies. This creates a system that is transparent and safe without compromising the privacy of investors and other users, thereby inspiring confidence in the diamond industry and enabling inflow of investors such as seen in other industries.
Glitzkoin Introduction video
Glitzkoin ICO Explainer
The $90 billion diamond industry has been beleaguered with a conservative system that usually entails routine and sometimes slow paperwork in order to ensure that buyers’ aspirations are met. The industry has not evolved as much as it should over time due to its peculiarities, making its exclusively preserved for certain categories of people.
Although there have been some efforts at making improvements in the industry, these efforts have not been enough to make appreciable impact on the industry in terms of innovative inclusion that utilizes technology in creating a system that is open, proven and without the need for trust. No system has been developed that is decentralized and all encompassing enough to cater for the need of the diamond industry.
The growth of the industry has been severely affected by the limiting effects of the need for person-to-person contacts before stone deals are concluded. This trust issue has always been there because there have been no solutions that all stakeholders could repose confidence in.
Glitzkoin Diamond Revolution
The Glitzkoin Network digitalizes the diamond supply chain, stone by stone through the certification and tracking of all gems in its network. Every diamond is authenticated to ensure that it is valued as it should, using the systems’ unique algorithm which rates the asking price of every listed diamond, thereby ensuring that buyers are getting the right value for their money. This tracking and authentication also prevents theft making diamonds bought or sold on the platform safe.
The company does not just secure the history of stones on the blockchain, transaction history of merchants are also recorded giving merchants, companies and buyers the opportunity to be rated by rating institutions and prove their reliability.
The GlitzKoin platform is third party enabled, allowing companies to quickly build secure dapps on the network. The Glitzkoin blockchain enhances the speed of gem transaction for the third parties and creates a safe dependable platform to work on.
The Glitzcoin decentralized diamond exchange comprises of its gem composite that lists a gem’s gemological perfection, the parallel composite talks about the rarity of the diamond while the indices composite gives traders guidance on navigating the diamond industry.
GLITZKOIN ICO LIVE!
- See Website for Details: https://www.glitzkoin.com/
Investor Information and ICO Details
Website: https://www.glitzkoin.com/
WhitePaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
BitcoinTalk [ANN]: https://bitcointalk.org/index.php?topic=3355944.0
Medium Blog: https://medium.com/glitzkoin
Telegram Invite: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
Article written by @justiceforall
Bitcointalk user Mr.Ease
BCT link: https://bitcointalk.org/index.php?action=profile;u=803528
XLM Address: GDAMOEUAV4F6OPXUUOVBEQK4WFHSIQJJPJHW7DOGNI5XCSAJ3CPF4I45
This is a great idea, I love diamonds!
So, is that right.. They project has raised over 17mil?
Sure looks like it! Great projects raise big money
You got a 6.72% upvote from @emperorofnaps courtesy of @justiceforall!
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This post has received a 14.15 % upvote from @booster thanks to: @justiceforall.
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