Diamonds are considered to be one of the most valuable and stable assets, whether they are worn or invested in products that people are chasing. However, in the diamond market, there are phenomena such as unequal information, the market is confusing, the eyes are mixed, and the liquidity is poor. Everyone does not want the diamonds they buy to be fakes. This is also a crisis that diamond manufacturers do not want to face. And if there is anything that can solve the problem of cross-flow counterfeit goods, then it must be a blockchain. The combination of blockchain and diamonds is like a technology and romance, changing people's perception of the traditional diamond industry.
The subversive role of the blockchain in the traditional business field is emerging. As a distributed shared accounting technology, the blockchain enables the parties involved to achieve a trust relationship at the technical level. The combination of blockchain and the diamond industry can bring about drastic changes in the diamond industry, which lacks trust, complex industrial chains, and misinformation. At the end of 2017, Diamond Momen, Italy, announced that it will establish a blockchain research department and release a new digital asset based on blockchain technology and South African reserve diamonds as a guarantee.
As an industrial field with extremely strict technical requirements, the diamond industry chain is composed of high-quality, high-end elites, which involve a series of chain industries such as precious metals, mining, jewelry and jewelry. There are many problems with illegal diamonds, blood diamonds, insurance fraud, and counterfeits during the complicated diamond trading process.
With its decentralized, information-transparent and non-tamperable nature, blockchain technology allows every step of the collection, trading, circulation, and computational analysis of diamonds to remain in the blockchain, making data quality unprecedented. Strong trust endorsement also guarantees the correctness of data analysis results and the effect of data mining.
The Eternal Chain uses blockchain technology to embed a unique digital identity chip in the product package to track logistics chain data. Every product, from birth to consumption, is recorded in the eternal chain and will not be tampered with. The transparency and reliability of the eternal chain are greatly improved, that is, the data of the entire supply chain. They are in the hands of consumers.
Diamonds are distributed from the rough mining and trading, diamond cutting, loose diamond wholesale and retail, jewelry processing to the hands of consumers, which also need to pass the diamond identification certificate, cross-border transaction declaration import and export, foreign exchange settlement and other links. The lengthy industrial chain and complicated circulation process have greatly reduced the liquidity of diamond trading.
Based on the decentralization of blockchain, the advantages of ETA's smart contract auto-execution, Dimuen Jewelry based on blockchain technology to map the value of the South African reserve diamond as a guarantee, to link the price of diamonds with the eternal chain, to establish a A distributed blockchain network that can be used as a value to store or exchange goods and services.
Through the blockchain distributed ledger, the diamond trading ownership is digitally segmented so that the ownership and transactions of the diamond are kept on a digital ledger. The exchange puts the digitized diamonds into the “Vault†and provides the user with a similar payment card. The user can use this card to pay for the small amount of diamond payment, which greatly enhances the value circulation of the diamond.
In addition, the traditional valuable assets are added to the emerging technology, and the characteristics of the blockchain are used to track the entire process of diamond mining from mining to sale. Because of its openness and transparency, the record can not be reversed, it can also prevent money laundering and terrorism. Illegal activities such as financing can effectively promote the convergence of the diamond market and promote economic development.
PTC Thermistor for Overcurrent Protection for Telecom
PTC Thermistor ,Thermistor,Thermistor for Overcurrent Protection ,PTC Thermistor YZPST
YANGZHOU POSITIONING TECH CO., LTD. , https://www.cnchipmicro.com