Glitzkoin is a Global Trade Platform for the Diamond Industry
The diamond industry has always been attractive for investors. Usually transactions in this sphere are made through personal contact. Selling arrangements in this industry are far from being transparent. It is a long process that doesn’t always lead to a successful result. Customers have to choose a diamond, then they should value the diamond dealer and even after applying a serious method of evaluation buyers can't be doubly sure that they have done a correct choice.
Glitzkoin platform was created to make the process of diamond purchase transparent, safe and simple. It allows to introduce diamond industry to a decentralized blockchain system. It gives an opportunity to evaluate objects with regard to existing information, not on suppositions. The primary target of Glitzkoin system is the diamond industry reorganization through eliminating barriers, coordination control and building trust between merchants and customers.
https://www.youtube.com/channel/UChH4nrHvm8QuThCND4fTlMQ
The extra services implemented into the Glitzkoin ecosystem
Diamond industry is the foremost sphere where blockchain technology can be successfully applied. Despite the fact that some attempts to implement a blockchain ecosystem in diamond sphere had already been made, none of them were fully developed. Renovation needs were expected to be realized many years ago. Mining of diamonds is a huge natural industry. Mined per year rough diamonds are estimated $15 billion and around of a half of this sum is mined in Africa. More than ten million people worldwide directly or indirectly take part in the industry.
Glitzkoin is an ecosystem that provides users with the modern blockchain technology. This system is safe and lets banks, insurance companies and merchants avoid any fraudulent interference. The Glitzkoin system supplies a chain solution for tracking and certification of diamonds that leads to transparency in all stages, from mining to retailing. The aim is to decentralize diamond and precious stone market that will attract more buyers and merchants. Such extra services like shipping and insurance will be integrated in the platform. No commission for these third party services will be charged.
The main features of the Glitzkoin system
The Glitzkoin founders confirm that the platform combines safety, security, availability and privacy to create a new venture:
1. Privacy.
The usage of zk-snarks and bulletproofs helps keep in safe the transaction data. As a result, trade details are encrypted and wrapped from the competitors.
2. User-friendly system.
Special knowledge isn’t required to operate the system.
3. Identity and network security.
The chain is completely secure, it was created on the basis of the federated byzantine agreement system.
4. Historical records.
Data and transactions are securely recorded and allow merchants to prove their sustainability to customers.
5. Third party applications.
Glitzkoin system allows companies to create application chains with data privacy in short term.
Token Sale Plan
The primary goal of the Glitzkoin project is to connect the traditional human approach to the diamond industry and emerging financial system with the innovative approach headed by cryptocurrencies. The platform will bring together diamond owners, who wants to sale their holdings, and traders, who are looking for a possibility to diversify their investment portfolio and include diamonds as an investment asset. Both merchants and investors want this process to be secure and transparent. Newbies are more likely to transact such a comprehensive platform as Glitzkoin.
Links
Website: https://www.glitzkoin.com/
WhitePaper: https://bit.ly/2JsUrWr
Telegram: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
Facebook: https://www.facebook.com/GlitzKoin-193241214767377/
Twitter: https://twitter.com/glitzkointoken
Medium: https://medium.com/glitzkoin
ANN: https://bitcointalk.org/index.php?topic=3534822.0;all
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.