GlitzKoin — a diamond in the world of blockchain technology

What is Glitzcoin?
GLITZKOIN is a highly advanced blockchain based diamond trading platform with a cryptocurrency to facilitate smooth financial settlements, with a strong focus on transparency and security. The GLITZKOIN diamond platform is the first major overhaul of the diamond industry in decades. Our platform provides for immediate access for new and existing diamond buyers to connect with existing sellers anywhere in the world. The GLITZKOIN project delivers a high utility blockchain that, provides a win-win trading platform for both diamond buyers and sellers. Detailed records are maintained in a tamper-proof environment. Backed by our cryptocurrency, we are poised to define a new and superior standard for diamond trading.

The GLITZKOIN project addresses the pricing issues and the need to unlock diamonds as an investment option using blockchain technology. Blockchain technology is best known for providing the foundation of the peer-to-peer (P2P) cryptocurrency and payment system Bitcoin. In recent years, the blockchain concept, also called the distributed ledger system, has spread in popularity. This has resulted in various blockchain-based applications in the finance sector, in prediction markets, as a platform for the Internet- of-Things applications and so on. GLITZKOIN utilizes the Stellar blockchain for its solution. In addition to the underlying distributed ledger, Stellar incorporates smart contracting capabilities in a secure fashion while providing a very high number of transactions at significantly low transaction costs.

Diamonds are all about glitter, glamor and prestige, they symbolize luxury and opulence. Transactions in the diamond industry are made through personal contact, the parties involved try to assess each other and move ahead to the business process. It is rightly said that you should value the diamond dealer before valuing his diamonds. And even after applying the most diligent evaluation, there is ample scope for guesswork and misconceptions. GLITZKOIN has been initiated to bring transparency and simplicity to the diamond industry. It integrates the conventional diamond industry with the latest decentralized internet value system. Evaluations and assessments will no longer bedone by guesses and hunches. GLITZKOIN seeks to transform the diamond industry by diminishing barriers, increasing coordination, and instilling trust in cross-border transactions for the diamond industry.

GLITZKOIN is not just another blockchain, our team comprises of professionals from the diamond industry and experts from the technical field related to blockchains and cryptocurrencies. There are a number of stakeholders in the diamond industry, starting with the mining companies and including diamond polishers, certification authorities, retail sellers, and consumers. By bringing all these stakeholders on to the same platform, we facilitate the ease and efficiency of fulfilling transactions. GLITZKOIN combines privacy, accessibility, and security to create enterprise-ready applications. Current blockchain technology does not meet industry needs as the Transaction data is completely public and Network security is often uncertain.

How blockchain technology will significantly improve the diamond industry's development?

Traditionally, blockchain technology is used for digital products. But its potential with physical products is significant, as it allows for a permanent, traceable and incorruptible record of transactions of an item from its origin all the way to its final recipient. This is where GLITZKOINenters the market. An experienced team of professionals seeks to build an open ecosystem for the diamond industry based on the blockchain technology.

Here are just a few advantages of implementing the GLITZKOIN platform:

• Increased visibility of products and cryptocurrency acceptance will undoubtedly increase the market reach of the diamond industry;
• Transparency of the whole process and the authentication of diamonds give confidence to professional dealers and newcomers;
• The absence of middlemen, lowering of transportation and other related costs will allow to ensure high competitiveness of prices.

GLITZKOIN objectives and functionality

1. Integrating the latest blockchain technology into the diamond industry supply chain. The global trading platform using blockchain technology will reduce transportation and other related costs, solve problems with lack of visibility, obsolete paperworks, and connect all stakeholders (from Mining companies to Retail customers). GLITZKOIN combines privacy, accessibility, and security to create enterprise-ready applications.
2. Global Diamond Track and Trace. Blockchain technology will provide secure, authenticated tracking of certified diamonds with a record of all its attributes, origin and history. This critical information is available to anyone who wants to verify the authenticity of a specific diamond, which provides Theft Prevention.
3. Decentralized Market Place will allow anyone to buy and sell diamonds with the least amount of time required for trade transaction settlements; facilitate ancillary services like shipping and insurance for diamonds fulfilled by third party providers.

Token Sale Details

GLITZKOIN have already received a tremendous amount of interest from the investors. More than $12M already raised and this number increasing, pursuing the main goal — $40M Hard Cap. Now the campaign is at the Public Token Sale stage which will end around June 25, 2018.

ICO Token Distribution

Conclusion

Backed by the experienced team of professionals, GLITZKOIN seeks to transform the diamond industry by diminishing barriers, increasing coordination, and instilling trust in cross-border transactions for the diamond industry. GLITZKOIN building a global digital ledger that tracks and protects valuable assets throughout their lives. By lifting diamond trade to an entirely new level, the project has the potential to significantly expand global diamond markets.

If You are interested in this unique project, please follow the links for more information:
Website: https://www.glitzkoin.com/
Telegram: https://t.me/glitzkoin_token
Twitter: https://twitter.com/GlitzkoinToken
Bounty thread: https://bitcointalk.org/index.php?topic=3534822.0

Author : $crypto$
ETH : 0xC6F915eDAf2656742D8E692FB45E88734B3dbbbb