The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Glitzkoin
A VIDEO PRESENTATION TO WET YOUR APETITE
This report outlines glitzkoin’s imaginative and prescient for the diamond business enterprise. Glitzkoin seeks to construct a blockchain based open environment for the diamond employer where in all of the exchange of diamonds may be conducted and coordinated. Glitzkoin is a global startup that makes use of the best of growing technology which include the blockchain, smart contracts and machine studying to assist in the bargain of danger and fraud for banks, insurers and open marketplaces inside the diamond and treasured stone industry. They offer a full environment for the diamond organization from a delivery chain answer, to monitoring & certification of diamonds and in the end a decentralized change for the change of diamonds and related services.
The Diamond Blockchain Concept
Blockchain as a whole is extremely technical and comprehensive, but in a nutshell we can say that blockchains consist of a variety of nodes, and every node is very essential for proper functioning of the system. Any transactions initiated on one particular node is also updated on every other node. Technically, this kind of data distribution creates a base that nearly not penetrable or easy to hack.In the diamond-based blockchain context, the diamond dealer uploads data correlating to his certified diamonds to the blockchain and a detailed info of every diamond is recorded on the nodes. As a result, a long-lasting record of the stone (diamond) is taken and no further alteration is possible for the recorded information. The tamper-proof record becomes visible to all the blockchain members. Any potential buyer picks all the information as disclosed by the seller and recorded in the blockchain, thus, no dealing with mediators and no cloaked price tags.
Diamonds are one of the world’s, and especial Africa’s, main valuable things from nature. An imagined us$15 billion, nicely well worth of very difficult diamonds are produced in line with year, of which about us$eight.5 billion are from Africa. The diamond enterprise employs approximately ten million people around the area, each right away and circuitously, across a huge spectrum of roles from mining to retail.
International diamond jewelry profits continue to grow, developing three-fold within the beyond 25 years, and are currently well worth in excess folks $seventy-nine billion every year.
The diamond rings deliver chain (known as the diamond pipeline) is the way that brings diamonds from the earth to clients.
How does GLITZKOIN solve the problem?
Into the supply chain of the diamond industry, GLITZKOIN are integrating the blockchain mechanism. GLITZKOIN, being based on blockchain allows every diamond merchants and even new diamond investors to buy or sell diamond at just the presser of the key. GLITZKOIN will be creating a global digital ledger, which will allow to invest the end to the end history and the value of the asset. GLITZKOIN is changing the traditional diamond bourse into a virtual diamond market.
Why GlitzKoin is Worth it?
Sellers can access markets that were previously unavailable to them.
Consumers will in due course be able to buy directly from the sellers.
Both professionals and novices will have the capacity to buy the listed diamonds direct from the seller, thus getting rid of the many brokers as well as commission agents that are currently dominating trade.
GlitzKoin as virtual currency coins can be used to pay for the diamonds purchased, thus getting rid of costly bank charges as well as losses due to currency conversion.
For the first time in the blockchain industry, innovation and technology comes together to create a difference for the buyers and sellers of diamond. GlitzKoin is a new blockchain and virtual currency ecosystem, the game changer from the traditional diamond trading to the new system that allows prospective traders to buy, collect and own diamond without a glitch at just the press of a button. GlitzKoin is going to create a global digital ledger that will embed the end-to-end history and the value of this asset. With GlitzKoin, the traditional diamond boss is moving into a virtual diamond market decentralized with a smart contract reflecting the type of financial offering, a single diamond sale or a shared investment on high value diamonds.
Benefits of GlitzKoin Open Blockchain
It will revolutionize diamond’s supply chain and ensure it is more efficient for the parties involved. This involves integrating all the stakeholders on one platform, thus enabling secure and efficient transactions and cost reduction for all.
This project also assembles all the premium talents in the blockchain technology including diamond experts and crypto gurus with many years of proficiency in all phases of diamond industry.
Other than implementing the new cryptocurrency, GlitzKoin also embraces setting up of a full-bodied diamond trading platform on the supposed stellar blockchain.
The network security and supply chain identity of GlitzKoin is entirely protected and founded on the federated byzantine agreement system that aid in running network governance protocol.
GlitzKoin offer user friendly solutions requiring less technical knowledge that fits in easily into the existing business applications as well as processes.
GLITZKOIN UTILITY FOR THE DIAMOND INDUSTRY
We incorporate the latest blockchain technology into the supply chain of the diamond industry. This opens up a new platform to conduct global trade in diamonds. Besides reducing the costs related to a transaction, GLITZKOIN eliminates the inefficiencies that are inherent to paper based transaction processing. A set of advanced functions are implemented to provide a very intricate and detailed, diamond tracing and tracking capability. The objective is to decentralize the market place for diamonds, this will vastly open up access for buyers and sellers of diamonds. The diamond trade does require additional ancillary services like shipping, finance and insurance. These services will be provided by separate service providers. The GLITZKOIN Project will only integrate them in the platform and not be charging any commission or brokerage for such third party services.
MARKET TRENDS AND POTENTIAL
There is no doubt that the implementation of GLITZKOIN, will increase the market reach of the diamond industry. The increased visibility of products and the acceptance of a crypto currency, will make it possible for diamond dealers at all levels to increase their market share. At the same time, the transparency of the whole process and the authentication of the diamonds, will instill confidence in both professional and first time diamond buyers. The absence of middlemen and a lowering of transportation and other related costs, will allow for highly competitive pricing.
We accept Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP) and Stellar (XLM) as the mode of payment for GLITZKOIN Token purchases.
The base purchase sum is 100 USD if installment is made through any of these Crypto Currencies — Bitcoin (BTC), Ether (ETH) and Stellar (XLM). For installment made through Bank Transfer, the base purchase sum is 10,000 USD.
Meet The Amazing Team
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Author : Maniecool
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