GLITZKOIN - Utility For The Diamond Industry Powered Blockchain Technology

qryptosquinn (34)in #glitzkoin • 6 years ago

About GLITZKOIN

The price of an expensive diamond is a great symbol of status for the wearer. Diamonds have always been a choice of jewellery among the nobility and the upper class. Being a diamond user, for some people would be considered to raise social status.
Diamond investment is a booming investment and is starting to attract a lot of investor attention. The charm of the beautiful diamonds makes everyone love the shine. Almost everyone believes that diamonds can be a profitable investment, but you need to pay attention to a few things if you want to make diamonds as an investment.
Diamonds include goods whose prices are influenced by inflation, so you need to consider this before starting diamond investment. In addition, diamonds also include items that have a high price, both when purchased and resold. This is what can underlie you to choose a diamond as an investment.

As well as investing in gold bars, diamonds also have a high selling point so that it can be a profitable investment item. Moreover, as more and more diamond demand is increasing. So, the higher the demand the higher the offer.
A diamond of good quality will certainly come with a certificate. The certificate contains the characteristics of the diamond stone. If you want to resell your diamond, the certificate is very important to know the fact of the diamond.
however, sometimes a salesperson encounters difficulties when wanting to sell or trade a sale of diamonds, due to a fairly difficult market reach, a long process, an intermediary that is sometimes less transparent making it difficult to know which genuine or fake diamonds, and insurance that ultimately adds to operational costs. this is completely inefficient.

Well, for that GLITZKOIN provide solutions in the problems of the diamond trade industry by adopting blockchain technology as a strategy in solving various inefficiency problems.
Blockchain will allow diamond sellers from around the world to list their diamonds. This system will require each listed diamond to be certified by a famous diamond testing laboratory. This will eliminate the concerns associated with fake diamonds.
GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in the diamond and precious stone industry. We provide a full ecosystem for the diamond industry from a supply chain solution to track & certification of diamonds and finally a decentralized exchange for the trade of diamonds and related services.

Glitzkoin has a seasoned professional diamond team with decades of diamond industry experience. We have also brought aboard a strong technology team with thorough expertise in blockchain technology. The objective is to build a state-of-the-art diamond trading platform based on the Stellar blockchain. The project also includes the deployment of a cryptocurrency which would be used to handle payment settlements for diamond purchases. The currency is expected to get a much wider acceptance among other industries and businesses.

GLITZKOIN Visions is seeks to build a blockchain based open ecosystem for the diamond industry where all the trade in diamonds can be conducted and coordinated.

An investment will be profitable if you have the right investment strategy, just as with diamond investment. Without a proper investment strategy, your investments could be an adverse investment.
The GLITZKOIN cryptocurrency will enable payments for diamond purchases and other expenses like shipping and insurance, to be settled without spending on currency conversions and heavy bank fees. Most cryptocurrencies that are issued in isolation, the currency deployed on this blockchain will be active in the physical trading of diamonds. This important difference will also make it likely for other businesses to accept the GLITZKOIN cryptocurrency to pay for their products or services.

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