What is Glitzkoin? Integrating the latest blockchain technology into the diamond industry supply chain. Changing the landscape of the $90 billion Diamond Industry, one diamond at a time. Establishing trust directly between buyer and seller by removing brokers and middlemen. Paperless records and attributes of each diamond are securely stored on the blockchain. No chance of product misrepresentation, and fraudulent transactions. Enabling international transactions by removing currency conversions and other bank fees.
Objectives and Functionality
Integrating the latest blockchain technology into the diamond industry supply chain.
A global trade platform using blockchain technology aimed at improving the cost of
transportation, lack of visibility and inefficiencies with paper-based processes.
Connecting all stake holders from Mining companies to Retail customers.
Diamond Track and Trace
Block chain based tracking for certified diamonds.
A record of attributes, origin and history of each diamond.
Theft prevention by authenticating and tracking the diamond.
Track stones all through their value added journey.
Decentralized Market Place for trade in diamonds
Facilitate trustless transactions between diamond traders.
Allowing anyone to buy and sell diamonds.
Facilitate ancillary services like shipping and insurance for diamonds fulfilled by
third party providers.
Drastically cut the time required for trade transaction settlements.
Official website: https://www.glitzkoin.com/
Follow official Twitter: https://twitter.com/GlitzkoinToken
Follow official Facebook: https://www.facebook.com/GlitzKoin-193241214767377/
The minimum buy amount is 100 USD if payment is made through any of these Crypto Currencies – Bitcoin (BTC), Ether (ETH) and Stellar (XLM). For payment made through Bank Transfer, the minimum buy amount is 10,000 USD. Terms of Services.
Glitzkoin’s aim is to add value to the entire diamond industry by attempting to create an efficient and global ecosystem for diamond trade through blockchain technology. The cryptocurrency will work to reduce bank fees and currency conversions that can generally be quite expensive. Transactions conducted over the platform, would be settled with the cryptocurrency deployed on the platform. If you want to be part of this diamond blockchain revolution visit the GlitzKoin website and participate in the ICO by registering here: