Diamond is a shining and brilliant jewel. Not only does it have great economic value, but it also plays an excellent role in showing the lever of each one, that is the reason why now one day more and more people want to have it. In this highly developed society, buying diamonds is no longer a difficult task. Many people buy diamonds as gifts for family, friends or use as luxury jewelry. However, the distinction between real or fake diamonds is not simple.
Glitzkoin Vision
This document describes the vision of glitzkoin for the diamond company. Glitzkoin seeks to build an open environment based on a chain of blocks for the diamond company where all the exchange of diamonds can be done and coordinated. Glitzkoin is a global startup that uses the nice growing generation composed of blockchain, smart contracts and systems that gain knowledge to help discount the danger and fraud for banks, insurers and open markets within the diamond industry and the valuable stone. We offer a complete atmosphere for the diamond company from a delivery chain solution, to diamond tracking and certification and, in the end, a decentralized exchange for diamonds and related offers.
GLITZKOIN plan to achieve it
The question that will concern each mind of the body is. How will Glitzkoin achieve this vision?
Before the previous question, Glitzkoin has solved this problem by incorporating the latest blockchain technology into the supply chain of the diamond industry. This is a new form of location where global trade can be made in diamonds. The cost usually found as a result of transactions will also be minimized. Much of the inefficiency experienced over the years in the paper-based transaction is no longer available. Glitzkoin brought decentralization to the diamond market to facilitate accessibility to diamond buyers and sellers. Most additional ancillary services, such as shipping, finance and insurance, are not mandatory for Diamond because an independent service provider will provide this service.
Great Advantages of GLITZKOIN
The truth is that Glitzkoin is about the revolution of the diamond industries, with this vision statement, one can easily understand that the presence of Glitzkoin in the diamond industries will increase its reach in the market. The transparency, simplicity and visibility that Glitzkoin brought to the diamond industry will increase the market share of diamond traders at all levels. Most likely, this transparency will bring and instill confidence in the minds of professionals and novice diamond buyers.
- The GLITZKOIN project is implemented in the upper Stellar block chain. This platform is known for its high speed and low transaction costs.
- The purchase of this coded currency can be paid for through the use of a select group of cryptographic currencies. Conventional money can also be used to finance the purchase
- The robust diamond trading platform that is being built as part of the GLITZKOIN project will use this cryptographic currency to finance transactions
- The project is managed by a team of highly qualified professionals. These include experts from the block chain technology sector and the diamond industry
- The rapid acceptance of cryptocurrencies will ensure that, in the near future, GLITZKOIN cryptography will be accepted as a payment method for a range of products and services.
Statement of the Problem
Inefficiency of the diamond industry and problems
The diamond industry, in turn, is not as gleaming and transparent as diamonds. Many problems plagued the well-established industry, especially with respect to its efficiency and transparency. Currently, the diamond industry is about to be interrupted by the most popular and currently promoted technology in development, the blockchain technology, which is currently worth more than $ 79 billion annually. As one of the most valuable natural resources available on earth , diamonds have gone through long and complicated steps (from the exploration phase to the retail phase) before reaching the end users.
Diamond Industry, like any other well-established industry, suffers from several problems:
Documented paper-based Inefficiencies
They come from paper documentation for transaction purposes. Paper documentation is expensive, unreliable (easily lost or destroyed) and provides a slow speed compared to computerized documentation.
IT Infrastructure
An infrastructure that can not reach the scale of the diamond industry. Because demands are constantly growing every day, the IT infrastructure that must be managed must be easily scalable to meet the size of the industry. The current IT infrastructure in the diamond industry could hamper the growth of the diamond industry due to the bottleneck involved in the process.
Unnecessary
stakeholder involvement Too many actors involved in the diamond industry supply chain (especially banks and brokers) that could take unnecessary action, slow and tedious arrangements that cause an inflated price of diamonds before they reach the hands of the customers. It has proven to be detrimental to the operating margin for both sellers and buyers and for the sustainability of the diamond industry in the long term.
Opaque level of transparency
Trust is fundamental in the diamond industry. From the perspective of the supply chain, the dignity and originality of diamonds is often questioned because of so many fraudulent activities (sophisticated falsification techniques in both authentication certificates and diamond material itself) in diamond industries that put doubt consumers with the status of the diamonds they bought. The origin of diamonds is also very important because it is estimated that 15% of diamonds in circulation are illegal (that is, they come from a country in conflict) that are ethically questionable and could cause legal problems for diamond holders. Uncertainties remain a big issue since there is no proven method of tamper-proof documentation in today's technology to solve the problem of diamond transparency, from the exploration stage to the retail sale. We'll see that Blockchain, As the most publicized technology that is expected to bring revolutionary aspects into the plethora of modern industry, it could bring a significant breakthrough to the diamond industry. Through the stellar implementation of the ledger, Glitzkoin tries to revolutionize the diamond industry. As the most publicized technology that is expected to bring revolutionary aspects into the plethora of modern industry, it could bring a significant breakthrough to the diamond industry. Through the stellar implementation of the ledger, Glitzkoin tries to revolutionize the diamond industry. As the most publicized technology that is expected to bring revolutionary aspects into the plethora of modern industry, it could bring a significant breakthrough to the diamond industry. Through the stellar implementation of the ledger, Glitzkoin tries to revolutionize the diamond industry.
Gitzkoin Value
Glitzkoin is not only another hype follower, since we know that there are serious problems in the diamond industry that could be solved by using the distributed ledger (in this case, blockchain). By using blockchain technology, Glitzkoin offers an ecosystem complete in the diamond industry, that buyers and sellers could transact diamonds in a decentralized exchange almost instantaneously with negligible fees and a minimal amount of risk for fraudulent misconduct.
The transparency provided by Blockhain Ledger makes it possible to trace every phase of diamond manufacturing in the supply chain, from extraction to the retail phase with guaranteed immutability and efficiency. The stellar blockchain is selected due to its high transaction speed (> 1000 tps with one billion users) to guarantee an instant settlement time and robust performance.
How does GLITZKOIN solve the problem?
They incorporate the latest blockchain technology in the diamond industry's supply chain, with GLITZKOIN an ecosystem of blockchain and crypto currency that allows everyone, from the diamond dealer to the new investor, to buy, sell, collect and own diamonds in the presser for the key. GLITZKOIN will create a global digital book, which will invest the final in the final history and the value of the asset. The digital fingerprint to which the wall can access and from which it can be taken advantage of, with GLITZKOIN, the traditional bag of diamonds is being transformed into a virtual diamond market.
Decentralized with a smart contract that reflects the type of financial offer, a single diamond sale or a shared investment in high-value diamonds and, at the request of the GLITZKOIN user, the asset is delivered to your security custodian, or if you want possession diamond physics, sent it to the owner. The confirmation time of the transaction there or five seconds. The fee of one cent for every thirty-nine transactions compared to the transaction time of two minutes to one hour and the rate of 1.13 to 18 dollars per transaction in others blocked.
Diamond Enterprise
Diamonds is one of the main natural resources of the world, and particularly of Africa. Production of difficult diamonds of US $ 15 billion per year is expected, of which approximately USD $ 8.5 billion comes from Africa (approximately sixty-five percent). The diamond industry employs approximately ten million people in the entire field, both immediately and indirectly, in a broad spectrum of functions from mining to retail. International revenues from diamond earrings continue to grow, tripling over the last 25 years, and are currently worth more than US $ seventy-nine billion each year. The diamond ring supply chain (known as the diamond pipe) is the way diamonds are taken from the ground to customers.
It has numerous exceptional levels:
Market developments and capacity
There is no doubt that the implementation of glitzkoin will increase the market reach of the diamond industry. The greater visibility of the merchandise and the attractiveness of a forex crypto will make it feasible for diamond traders at any stage of respect to grow their market share. At the same time, the transparency of the whole process and the authenticity of the diamonds will instill confidence in both expert buyers and beginners. The absence of intermediaries and a reduction in transportation and other associated fees will allow fairly competitive prices.
Decentralized Market for the Diamond trade
* Facilitate transactions without trust among diamond traders
* Allow anyone to buy and sell diamonds
* Provide ancillary services such as shipping and insurance of diamonds delivered by external suppliers
* Drastically reduce the time required for business transactions
The GLITZKOIN Open Ecosystem
GLITZKOIN wallet
The currency management platform helps users and developers view currency balances, transaction history and even subscription contracts. Developers can also view accumulated payments and other user-specific information.
API GLITZKOIN
The GLITZKOIN API plays a fundamental role in GLITZKOIN. The API can be used to access the various services offered by GLITZKOIN. Developers are responsible for implementing the GLITZKOIN API within their site or mobile application.
GLITZKOIN Merit Engine
Once the ICO is completed, the EME starts. It is a previously decided just mechanism that decides when and how to reward the coins to the community.
Purpose and Functionality
Integrates the latest blocking technology in the supply chain industrial indusytrial
- A global trading platform that uses blockchain technology to increase transportation costs, lack of visibility and inefficiency with
paper- based processes - Connect all the shareholders of the mining company with the retail clients.
DIAMOND Track and Trace
- Track chain blocks for certified diamonds
- Consider the attributes, origin and history of each diamond
- Theft prevention by authenticating and tracking diamonds
- Track rocks throughout your value-added trip.
Token sales
The basic sum of purchase is 100 USD if the fee is made through any of these Crypto Currencies: Bitcoin (BTC), Ether (ETH) and Stellar (XLM). For fees made through bank transfer, the basic purchase sum is USD 10,000.
Route map
Diamond Team
You find more information by visiting our links:
Website: https://www.glitzkoin.com/
Whitepaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
Telegram: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
Facebook:https://www.facebook.com/GlitzKoin-193241214767377/
Twitter: https://twitter.com/GlitzkoinToken
Reddit: https://www.reddit.com/r/glitzkoin/
Medium:https://medium.com /glitzkoin
ANN: https://bitcointalk.org/index.php?topic=3355944.0
Author Data
Usuario Bitt: Cripcoin
Enlace Bitt Profile: https://bitcointalk.org/index.php?action=profile;u=1962014
Mi Ethereum Wallet Dirección: 0x446c8411C903E38627777CDa31bae21abe1Af7E1
I am absolutely certain that GLITZKOIN gets a final winning shot with the launch of its exclusive cryptomoney, GLITZKOIN, which maximizes profits by nullifying the expensive and volatile money transfer systems in the continent countries. GLITZKOIN brings the crypto revolution in the $19 billion diamond industry to your home in prototypes. Let's be part of the industry's unique token sale and grow together. In addition, GLITZKOIN has brought together a team of technical experts combined with management professionals with decades of experience in the diamond industry. In addition, they have broadened the scope by going beyond the issue of encrypted currency and intend to build a diamond trading platform. GLITZKOIN will become a respectable force in the coming years.
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