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Diamonds are forever, if you own them. But the whole industry of diamond mining and processing isn&#39;t. It is a very fragile industry with a lot of volatile factors influencing it. Diamond is a very expensive mineral mined from deep within the earth with the diamond industry being worth billions of dollars. This makes it very lucrative to big money conglomerates and even governments who can give out diamond mining contracts to private contractors.

Understanding this huge industry, we have to understand that diamond is a very precious mineral with its utilities all over the world as jewellery is unrivalled. All across the globe diamonds are sold in the jewellery market. The prices of diamonds are being regulated by the demand and supply maintenance of different kind and shapes of diamonds.

The mining is carried majorly in Africa which has a rich reserve of diamonds. These huge resources are handled out by different contractors with huge market interests backing their diamond mining exploration. Here in arises the issue of fraudulent activities beginning and carrying on up to the point where they are retailed off in the jewellery market as finished product. This systematic manipulation of the industry at each level can&#39;t be easily monitored as the level of transparency required isn&#39;t currently initiated within the system.

Picking off on the transparency issue, one possible solution to this issue is adopting the blockchain for securing the transactions and recording the supply chain of the market on the blockchain. Blockchain is perfectly suited for the market where the track keeping and mismanagement of records and transactions is rampant.

The diamond trade is long overdue a change in how the supply chain management is gone about.

**ABOUT GLITZKOIN**

The main objective for glitzkoin is to decentralize the market in order to open up the market domain for more buyers and sellers.

There are different ancillary services included in the diamond industry, these separate service providers will be integrated in the glitzkoin platform.

**MODIFICATIONS GLITZKOIN WILL BRING TO THE DIAMOND INDUSTRY**

GLOBAL TRACKING AND TRACING OF DIAMONDS

- Certified diamonds can be tracked through the blockchain
- Stones can be tracked at every juncture of value addition
- Authenticated tracking of every diamond will empower theft prevention

DECENTRALIZED MARKET PLACE FOR DIAMOND TRADING

- Diamond traders can carry out trust less yet verified transactions
- Reduce time needed for trade transaction settlements

INTEGRATING BLOCKCHAIN TECHNOLOGY INTO THE SUPPLY CHAIN

- To connect all the stake holders from mining companies to retail customers.

**ICO**

TOKEN                                     - **GLT**

PRICE                                       - **1GLT= 0.2USD**

SOFT CAP                                - **10,000,000 USD**

HARD CAP                               - **40,000,000 USD**

MINIMUM INVESTMENT - **100 USD**

**WILL GLITZKOIN BE FOREVER, LIKE DIAMONDS**

Blockchain is the technology that is stirring up every other industry with its unique features of transparency and trust increasing capabilities with the help of smart contracts. Because the trust in blockchain&#39;s ability to deliver on its promises is so immense when a new industry adopts it, the industry itself boasts of becoming more secure and streamline.

For diamond supply chain management, glitzkoin is connecting every trader to every buyer while at the same time promising transparency and security of their transactions with no middle men, this has the potential to become the single biggest verifier of all the stones traded in the world which would mean that transparent tracking and keeping a check of fraudulent activities in the industry being halted to a minimum.

**Website** - [https://www.glitzkoin.com/](https://www.glitzkoin.com/)

**Whitepaper** - [https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf](https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf)

**ANN** - [https://bitcointalk.org/index.php?topic=3355944.0](https://bitcointalk.org/index.php?topic=3355944.0)

**Telegram** - [https://t.me/joinchat/H2lmsxLwenY3S8Fp\_CFQBA](https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA)

**Published by** – dannywhelan

**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1606458](https://bitcointalk.org/index.php?action=profile;u=1606458)