The Glitzkoin diamond blockchain project is promoted by a second generation diamond veteran. The project is focused on eliminating inefficiencies that exist in the 90 billion dollar diamond industry and increasing, demand for the glittering stone. The project includes a comprehensive blockchain based, diamond trading platform, DiaEx.
To understand how the DiaEx diamond exchange, would improve the market for diamonds, it is important to know the major deficiencies present in the supply chain for the precious stone. The features of the DiaEx trading platform, have been designed to improve efficiency for the multibillion dollar industry.
Conventional Diamond Trade – Inefficiencies:
It will be quite apparent that, the above issues creative a negative impact on the market for diamonds. Diamonds are expensive and buyers are weary of being cheated or getting diamonds of a lower value. We will now map these issues with the features of the DiaEx, this will clearly show how the diamond exchange can improve the market scope for the precious stone.
Highlights Of The DiaEx Diamond Exchange:
The Glitzkoin project makes the first attempt in decades, to make a positive impact on the diamond industry. There is little doubt that, diamond sales have been rather flat in recent years. While the industry is known to be quite conservative and slow to accept change, the fact that the project is an effort from an industry insider, will ensure wider acceptance.