Blockchain every day is becoming more popular. And this time the technology of blocking touched the diamond industry.
GlitzKoin is a blockchain-based platform designed to trade diamonds with digital currency. According to the white paper, Glitzkoin's vision is to create an open ecosystem for the diamond industry, where all diamonds can be traded and coordinated. With an experienced team of diamond experts, as well as technical gurus who understand the blockchain technology to the optimum level, this project can become the best marketplace in the diamond industry.
Product Features
A full work of the platform will be provided by several elements. The first of these is the GlitzKoin wallet. Thanks to it, users will be able to control the tokens available to them, as well as watch the transaction history. Sellers will be able to see total payments and other important information. Another element is the API. It provides users with access to various types of services. You can perform the necessary actions through a personal computer, laptop or mobile phone. Thanks to the GLT crypto currency, a new quality standard will be established for the trade in precious stones. Buyers and sellers of diamonds will receive will have significant benefits when working on the GlitzKoin platform.
Block in the diamond industry
The blockade as a whole is quite complex and complex, but in a nutshell it can be said that it consists of many nodes, and each node is very important for the proper functioning of the system. All transactions initiated on one node are also updated on each other node. Technically, this kind of distributed data creates a base in which it is almost impossible to modify existing data or hack it.
The technology of blockage in the context of the diamond industry is as follows: a diamond dealer downloads data correlating with its certified diamonds in a blockchain, and detailed information about each diamond is recorded on all the nodes. The unauthorized access record becomes visible to all members of the blockchain. Any potential buyer can see it, thus, without having to deal with intermediaries and buying directly from the seller. Both professionals and newcomers will have the opportunity to buy diamonds directly from the seller, thus eliminating many brokers, as well as commission agents, which currently dominate the industry. And sellers can get access to markets that were previously inaccessible to them.
Platform Members
The GLITZKOIN platform can be useful for many participants of the diamond market:
Mining company;
Retail traders, consumers;
Certification centers for diamond products;
Professional diamond polishers.
If the team GlitzKoin can attract all the above-mentioned participants, then users will be provided with the maximum simplicity, speed of transactions. All the data that will be used to work within the framework of the platform will be reliably protected. The developers of the service pay special attention to confidentiality.
GlitzKoin is a blockbuster ecosystem that allows everyone to buy and own diamonds with a single click of a button. This can revolutionize the supply chain of diamonds and ensure its more efficient work for all participants. GlitzKoin integrates all stakeholders on a single platform, which will ensure safe and efficient transactions and reduce costs.
Advantages of token
GlitzKoin tokens can be used to pay for purchased diamonds, thus eliminating bidders from expensive bank charges, as well as losses caused by currency conversion. Thanks to the use of crypto currency, the participants of the transaction will appreciate the simplicity of financial calculations. Particular attention is being paid by developers to the security and transparency of operations. These will become possible due to the advantages of the technology of blocking.
Advantages of the GlitzKoin project
The GlitzKoin project is implemented on the blockbuster Stellar. This platform is known for its high speed and low transaction costs.
The purchase of this crypto currency can be paid with the help of both crypto currency and ordinary fiat money.
GlitzKoin's tokens will be used to make transactions, reducing traditional costs and commissions, which are usually with the participation of third parties.
The project is managed by a team of highly qualified specialists. These include experts from the block technology sector and the diamond industry.
Conclusion
Unique features of this project, combining cutting-edge technologies and the real sector of the economy, make a huge positive change in the diamond industry. The GlitzKoin project, on closer examination, looks rather promising and deserves the attention of investors.
Additional information about the project:
Website: https://www.glitzkoin.com/russia
Whitepaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure-russia.pdf
ANN Thread: https://bitcointalk.org/index .php? topic = 3355944.0
Bounty Thread: https://bitcointalk.org/index.php?topic=3534822.0
Facebook: https://www.facebook.com/GlitzKoin-193241214767377/
Twitter: https://twitter.com/ GlitzkoinToken
Medium: https://medium.com/glitzkoin
Telegram: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA