GLITZCOIN - Global Market for Decentralization for the Diamond Industry

Earth has given us many ingredients and most precious ones including diamonds. The various stages that must be passed to finally accepted by the people is worth the price. People appreciate the resources that are lacking in quantity and the price of these objects is also always high. Some Diamonds are used for jewelry purposes. In the process of buying diamond jewelry, the act of knowing the dealer is as important as the jewelry itself.

They are the ones who are the providers of diamond jewelry, and people have to decide whether to trust them or not. The diamond trade is still not transparent and includes an elaborate intermediate network. There needs to be a transparent system that can bring accountability and reliability in diamond trading. In your opinion, is it possible for the current technology framework to develop solutions?

Solutions offered
GLITZCOIN is building solutions for the diamond industry based on blockchain and cryptocurrency technologies. The full ecosystem of the diamond industry is being made on the platform; ranging from diamond production to diamond retail sales to customers. The team working on this project also targets many other challenges in the industry, such as risk reduction and fraud for banks.

The first part of this plan is to increase the diamond industry supply chain. With the help of smart contract technology, the various processes in the supply chain are made transparent and cost-effective. The global market for trading diamonds is made, which is open to anyone in the world, and decentralized in nature to ensure transparency and reliability.

Other functions of the platform include diamond tracking. Certified diamonds on the platform can be easily tracked, and attribute records can be easily found on the platform. This process reduces the risk of theft and fraud in the industry. With the help of the decentralization process, the timing of transaction settlement is reduced and the facilitation of support services becomes very easy.
Exclusive machine learning algorithms are being used on decentralized platforms for transparent lists of diamond prices, and also the liquidity and standards on the platform are maintained. Diamonds can be uploaded and registered on platforms where they are grouped by aggregate and availability.

ICO INFORMATION AND TEAM
999 Million Tokens are created for projects where 25% of tokens are reserved for ICO. The current token sale is served on the platform. Funds will be spent on app development and marketing. The people involved in this project are experts in diamond and blockchain technology.

Conclusion
Diamonds will be the most valuable element for mankind. Thus, the process of assessing a diamond dealer entirely depends on the buyer's rationality. And, as we know, we are not the best decision makers in critical situations. A lot of the time, people are cheated for purchasing pieces of fake diamond jewelry or not buying from reputed dealers.

And, application development that can make simple and transparent diamond trades will always find a place in the market. I think they have taken the right step by introducing the latest technology in the diamond industry to ensure transparency and reliability. People's trust is one of the most important things in business, and if they are able to win the trust of people, they will be the leading platform in the diamond industry. what do you think?

More information about the Glitzkoin project can be obtained from official sources:

WEBSITE: https://www.glitzkoin.com

TELEGRAM: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA

WHITEPAPER: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=3355944.0

FACEBOOK: https://www.facebook.com/GlitzKoin-193241214767377/

TWITTER: https://twitter.com/GlitzkoinToken

REDDIT: https://www.reddit.com/r/glitzkoin/

MEDIUM: https://medium.com/glitzkoin

Creative: agusomen

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ETH: 0xf65BB1DD453066a8705fc931a48C40f00Ce979D4