In 2018, blockchain technology won society trust all over the world. Therefore, it spread out to various areas that require strict accounting and control.

Successful blockchain integration into logistics chains has led to the expansion of decentralized technologies to production, linking the history of the product and controlling sales and delivery. Such a system already works in the state and commercial sector protecting branded products from counterfeit.

GLITZKOIN platform's developers want to create a decentralized system that will control mining and production of diamonds as well as all related logistics.

GLITZKOIN's "diamond blockchain"

The diamond market is monopolized and very specific, stones are traded in carats, but the cost of each is additionally determined by examination results. The GLITZKOIN team individually registers in blockchain each diamond, further accumulating the "stone pedigree" - cutting, resales and movements.

This solves following problems:

Expenses for additional examinations - the Buyer and the Seller trust the blockchain
Added value estimation - information on all pricing fora particular stone since the extraction is available to anyone
Protection - special signs of each stone are described in the blockchain

Decentralization of the diamond examination completely revolutionizes the exchange trade, providing everyone with an opportunity to purchase precious stones directly from the manufacturer. Thus, the investor does not need to attend auctions, contact intermediaries or buy ready-made products with a huge retail mark-up.

To maximize the independence of the examination, the platform implements neural networks. Artificial intelligence based on machine learning will produce its own forecast for each stone, analyzing:

Volumes of current production, discovery of new deposits
World diamond exchanges indexes
Influence of geographical origin
Dimensions, purity, weight in carats and other physical properties of the stone.
The GLITZKOIN platform creators built a blockchain marketplace, which allows to conduct auctions and track purchased lots delivery. To avoid insider's information leaks transactions are confirmed by the "zero-knowledge proof" algorithm.

GLITZKOIN Token

GLITZKOIN token is the platform's domestic currency of the platform, through which funds are raised via GLITZKOIN ICO. In the future, GLITZKOIN Token will become a mean of payment for services of the multifunctional platform:

Purchase and sale
Examination
Delivery
Smart-contracts development

To ensure high transaction speed, maximum convenience and high level of interaction between the ecosystem's participants, the GLITZKOIN platform will use the Stellar blockchain. Decentralized contracts are designed to check all the conditions that a transaction can be encumbered with. For example, cutting operations or insurance, special delivery conditions, and many other conditions can be included in a smart-contract.

GLITZKOIN ICO raised more than $10 million!

Anyone who wants to receive GLITZKOIN "diamond token" at a discount, can do it. You just need to join the tokensele right now after registering on the WEBSITE!

TELEGRAM GROUP
ANN THREAD
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