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Diamonds, Sneakers, Provenance and the blockchain by darknet

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· @darknet · (edited)
Diamonds, Sneakers, Provenance and the blockchain
http://www.youtube.com/watch?v=92FCRmggNqQ

>Little is known of Sierra Leone, and how it connects to the diamonds we own

I quote this from Kanye West, because, well, he is right, but actually, hopefully Everledger looks to change that.

Have you heard this story?

This company [www.everledger.io](http://www.everledger.io) takes diamonds, scans them, and saves every nuance that makes it a diamond into the blockchain. A digitally trackable diamond.

As a blockchain developer, I think this is brilliant. Brilliant!

What does this mean though?

Well, it gives the diamonds provenance - the ability to be able to track where it came from, where it has been, its qualities (the 4Cs - Cut, Color, Clarity, Carat-Weight). It is important to know this fellas, especially if you are about to pop the big question. Learn about the 4cs more here [www.4diamond.com/4cs/](http://www.4diamond.com/4cs/)


Provenance, proof-of-authenticity are going to be big things in blockchain. I can't help but wonder at other ways to use this tech.

I say keep an eye out for them, also -  [www.provenance.org](http://www.provenance.org) is another project I am interested in.

Anti-counterfeit measures are already in place in fashion, in technology like the smart tags we see being attached to shoes such as we see with [www.chronicled.com](http://www.chronicled.com) which use blockchain technology to prevent counterfeit.

Bonus etymology:
>counterfeit
>Origin
>Middle English (as a verb): from Anglo-Norman French countrefeter, from Old French contrefait, past participle of contrefaire, from Latin contra- ‘in opposition’ + facere ‘make’.

#money #blockchain #ethereum #bitcoin #litecoin #dogecoin #steem #steemit #news #darknet #changetheworldshit

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@ankar ·
I also think its brilliant! This is really a appropriate problem that blockchain can solve or at least mitigate. In my words, the problem is the lack of trust or information asymmetry between participants, e.g. the buyer and dealer in diamond market.
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