![Снимок экрана 2018-06-14 в 14.13.58.png](https://cdn.steemitimages.com/DQmRHRW6b1DxesnhNS2jpfsT1dRuGbudmKzVQ5tX6PtFGJk/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-06-14%20%D0%B2%2014.13.58.png)

*I don't know, did you know that diamond is considered the most durable material on our planet? Never would have thought that this little shiny stone has such strength. But you can't argue with nature, it is. In fact, today we will talk not about the strength of diamonds, but about their production chain, problems and solutions, these very problems.*

## Problems of the diamond industry

The diamond industry has been thriving for generations and is fully a part of modern society. The diamond industry supplies us not only with beautiful jewelry, but also with other high-strength tools and materials, where the diamond crumb or dust is added. In sum, this whole industry unites more than 10 million people around the world. Mining of these beautiful stones takes place in different parts of the world, but most of the production falls on Africa. This figure represents about 65% of the world's total diamond production. You will agree these figures are impressive.

However, the whole chain of actions faces difficulties that lead to unnecessary costs, a large number of paper turns, as well as to a decrease in safety during the transportation of goods to the points of sale. Another problem is the honesty and reliability of the dealer who mines and sells diamonds to his suppliers.

***To solve all the shortcomings of the diamond industry offers a team of specialists, developing a new, unparalleled project – GlitzKoin.***

## Design feature

*GlitzKoin is a high-tech blockchain project. The main purpose of which is to provide a transparent and reliable ecosystem for buyers and sellers of diamonds. GlitzKoin is designed to protect all the accounting data from any fraudulent break-ins and other third-party interference.*

https://www.youtube.com/watch?v=c4BCSQYTHzk

## Advantages Of GlitzKoin

The application of the draft Blockchain technology allows, to create a decentralized global platform, which will work equal for all participants in the platform, no matter where they were geographically. A transparent blockchain system and the presence of smart contracts will allow to control and monitor the entire chain of mining companies, while improving their transport performance, while reducing all the extra costs that were previously concentrated around the entire industry.

The use of the latest technologies in the diamond industry will allow to unite all market participants, making their relations safe, reliable and transparent. This excludes corruption and all possible kickbacks that are inherent in the traditional conduct of business in the diamond industry.

***With smart contracts, mono would be easy to control all the details of the diamond. Starting from his birthplace, to other certified data necessary for its further sale. Thus, GlitzKoin, using smart contracts, will be able to prevent theft of diamonds, as it will be able to track the entire chain of transactions, to verify their authenticity and history of origin. Which I find very convenient, especially since the tracking of the diamonds will be done throughout his route.***

Even the most vivid advantages GlitzKoin, the speed of transactions. Thanks to Blockchain technology, it will become much faster,which is not important. After all, the speed of transactions produced, very much affects the overall growth and development of the diamond industry. Due to this, insurance, financial and all other related services of the diamond market will be able to appreciate the new quality service from GlitzKoin.

![Снимок экрана 2018-06-14 в 14.12.28.png](https://cdn.steemitimages.com/DQmTRmMx65P69LZwJZaXEhUy4rY4891yhfSUaLaw5m6ryYW/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-06-14%20%D0%B2%2014.12.28.png)

## Tokens

Within the project, all transactions will be carried out using the GlitzKoin token. This, in turn, will allow to exclude intermediaries in the operations, as well as to demonstrate the simplicity and transparency of all financial transactions.

## Conclusion

I want to emphasize once again the fact that the project is the first GlitzKoin of its kind, which gives it special advantages and opens all the doors to it. I think it will be of interest to many specialists working in the diamond industry, as the project aims to facilitate and improve the quality of services provided in this sector.

And to get acquainted with the concept of the project in more detail, I recommend you to study all the necessary technical documentation, as well as their social resources on these links:

https://icon-icons.com/icons2/692/PNG/32/seo-social-web-network-internet_174_icon-icons.com_61537.png **WEBSITE:** https://www.glitzkoin.com
![](https://cdn.steemitimages.com/DQmZYYCdXpTQ45htYpDPbc7z1TiXjzNVKVBH6naxFyB5uCM/image.png) **TELEGRAM:** https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
https://icon-icons.com/icons2/37/PNG/32/document_3530.png **WHITEPAPER:** https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
https://icon-icons.com/icons2/936/PNG/32/bitcoin-logo_icon-icons.com_73658.png **ANN THREAD:** https://bitcointalk.org/index.php?topic=3355944.0
https://icon-icons.com/icons2/791/PNG/32/FB_icon-icons.com_65484.png **FACEBOOK:** https://www.facebook.com/GlitzKoin-193241214767377/
https://icon-icons.com/icons2/512/PNG/32/twitter-3_icon-icons.com_50735.png **TWITTER:** https://twitter.com/GlitzkoinToken
https://icon-icons.com/icons2/877/PNG/32/reddit-big-logo_icon-icons.com_68361.png **REDDIT:** https://www.reddit.com/r/glitzkoin/
https://icon-icons.com/icons2/472/PNG/32/medium-48_46227.png **MEDIUM:** https://medium.com/glitzkoin

https://icon-icons.com/icons2/936/PNG/32/bitcoin-logo_icon-icons.com_73658.png **MY BITCOINTALK:** https://bitcointalk.org/index.php?action=profile;u=1238493