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      "body": "![laser.PNG](https://cdn.steemitimages.com/DQmSeJ4FjdLAcztGPnM5WXM2onaWAXQoLETUurbisLcTHYa/laser.PNG)\n\nIn the meantime, blockchain based solution have several issues to be used in realistic world scenarios. Frist, scalability. In terms of speed, blockchain is pale and lagging off compared to current monetary transaction system. Second fungibility. Since cryptocurrencies are stored in a public distributed ledger, its historical transactions are transparent and can be traced hence will make a problem if the transaction comes from a troublesome/blacklisted address.  Third, utility fragmentation. There are more than 1500 cryptocurrencies available on the market and still adding more. This makes the crypto's highly fragmented and could potentially make newcomers confused. Also from utility perspective, this fragmentation will make it difficult to be implemented with ease.  \n\nWith these problems already on the surface, Laser protocol offers an universal intermediaries to bring real world use become one step closer to reality. In the real world counterparts, it's analogues to the **SWIFT** (Society for Worldwide Interbank Financial Telecommunications) where everyone could make effortless and instant transactions between two different FIAT currencies by using standardized protocol that is accepted as de facto standard by more than 230 banks and financial institutions in the world.\n\n**General Overview of Laser Network**\n![laser service node.PNG](https://cdn.steemitimages.com/DQmNqRqA3cbDVke64MDB1WDTrUtepuftc1XZNyoP2mQKQjh/laser%20service%20node.PNG)\n\nLaser Network is a mechanism of blockchain agnostic service layer which rewards full node providers with its native currency called **photons** to make any blockchain solution more scalable, interoperable, private, and more rewarding for the full node providers which run the service layer (it is estimated they will receive 36% payouts of photons per year ). \n\nLaser platform is planned to be built from Ethereum blockchain hardfork. In essence, there are two core features it offers :\n\n**1. Blockchain Interoperability and Fast Inter-chain Transactions**\n\nSeamless inter-chain transaction is possible with the use of DEX (decentralized exchange) on the top of laser protocol service layer. This will cut the need for centralized exchanges, the current main method of transacting between cryptocurrencies which has considerable cost of money and time.\n\n**2. Anonymous Transactions Feature**\nTo enable fungibility and other aspects related to anonymity, Laser protocol employs 'join service' mechanism where this technique will obfuscate transactions between two parties hence makes them untraceable on blockchain explorer.\n\n**Roadmap **\n\nLaser protocol will have complete interoperability between bitcoin and Ethereum after Q1. \n![laser roadmap.PNG](https://cdn.steemitimages.com/DQmQZMUtpLzY1FJngEM5mQz4hKtwsdLxkvvthfN6JSiPWhs/laser%20roadmap.PNG)\n\n**Team and Board of Advisors**\n\nTeam members are looking strong with Shidan Gouran (Global Blockchain Technologies) acted as CEO.\nBoard advisor members . Info regarding recent board of advisors assembly can be viewed in this official blog post \nhttps://medium.com/laserprotocol/global-blockchain-announces-laser-subsidiary-and-eight-new-advisors-1cea27619f7c\n\n**Token Economics, and ICO Event**\n\nPhotons will be capped at 42 million units. EETH and  ETC holders will receive photon airdrops with the original proposed distribution plan as follow : \n\n![laser pool allocation.PNG](https://cdn.steemitimages.com/DQmasdJsMqhJbEJHKYAbe9DJnRDPRUDriE5KLqwd3piYmED/laser%20pool%20allocation.PNG)\n\nCurrently private sale is already happening and public sale will hold in the near future.\n\n**Further References**\n\nWhitepaper : https://laser.xyz/static/WhitepaperLaser.pdf\n\nWebsite : https://laser.xyz/\n\nAny inquiries regarding the project development can be addressed to team members via telegram channel on :\nhttps://t.me/LaserXYZ",
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      "body": "![laser.PNG](https://cdn.steemitimages.com/DQmSeJ4FjdLAcztGPnM5WXM2onaWAXQoLETUurbisLcTHYa/laser.PNG)\n\nIn the meantime, blockchain based solution have several issues to be used in realistic world scenarios. Frist, scalability. In terms of speed, blockchain is pale and lagging off compared to current monetary transaction system. Second fungibility. Since cryptocurrencies are stored in a public distributed ledger, its historical transactions are transparent and can be traced hence will make a problem if the transaction comes from a troublesome/blacklisted address.  Third, utility fragmentation. There are more than 1500 cryptocurrencies available on the market and still adding more. This makes the crypto's highly fragmented and could potentially make newcomers confused. Also from utility perspective, this fragmentation will make it difficult to be implemented with ease.  \n\nWith these problems already on the surface, Laser protocol offers an universal intermediaries to bring real world use become one step closer to reality. In the real world counterparts, it's analogues to the **SWIFT** (Society for Worldwide Interbank Financial Telecommunications) where everyone could make effortless and instant transactions between two different FIAT currencies by using standardized protocol that is accepted as de facto standard by more than 230 banks and financial institutions in the world.\n\n**General Overview of Laser Network**\n![laser service node.PNG](https://cdn.steemitimages.com/DQmNqRqA3cbDVke64MDB1WDTrUtepuftc1XZNyoP2mQKQjh/laser%20service%20node.PNG)\n\nLaser Network is a mechanism of blockchain agnostic service layer which rewards full node providers with its native currency called **photons** to make any blockchain solution more scalable, interoperable, private, and more rewarding for the full node providers which run the service layer (it is estimated they will receive 36% payouts of photons per year ). \n\nLaser platform is planned to be built from Ethereum blockchain hardfork. In essence, there are two core features it offers :\n\n**1. Blockchain Interoperability and Fast Inter-chain Transactions**\n\nSeamless inter-chain transaction is possible with the use of DEX (decentralized exchange) on the top of laser protocol service layer. This will cut the need for centralized exchanges, the current main method of transacting between cryptocurrencies which has considerable cost of money and time.\n\n**2. Anonymous Transactions Feature**\nTo enable fungibility and other aspects related to anonymity, Laser protocol employs 'join service' mechanism where this technique will obfuscate transactions between two parties hence makes them untraceable on blockchain explorer.\n\n**Roadmap **\n\nLaser protocol will have complete interoperability between bitcoin and Ethereum after Q1. \n![laser roadmap.PNG](https://cdn.steemitimages.com/DQmQZMUtpLzY1FJngEM5mQz4hKtwsdLxkvvthfN6JSiPWhs/laser%20roadmap.PNG)\n\n**Team and Board of Advisors**\n\nTeam members are looking strong with Shidan Gouran (Global Blockchain Technologies) acted as CEO.\nBoard advisor members . Info regarding recent board of advisors assembly can be viewed in this official blog post \nhttps://medium.com/laserprotocol/global-blockchain-announces-laser-subsidiary-and-eight-new-advisors-1cea27619f7c\n\n**Token Economics, and ICO Event**\n\nPhotons will be capped at 42 million units. EETH and  ETC holders will receive photon airdrops with the original proposed distribution plan as follow : \n\n![laser pool allocation.PNG](https://cdn.steemitimages.com/DQmasdJsMqhJbEJHKYAbe9DJnRDPRUDriE5KLqwd3piYmED/laser%20pool%20allocation.PNG)\n\nCurrently private sale is already happening and public sale will hold in the near future.\n\n**Further References**\n\nWhitepaper : https://laser.xyz/static/WhitepaperLaser.pdf\n\nWebsite : https://laser.xyz/\n\nAny inquiries regarding the project development can be addressed to team members via telegram channel on :\nhttps://t.me/LaserXYZ",
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      "body": "![laser.PNG](https://cdn.steemitimages.com/DQmSeJ4FjdLAcztGPnM5WXM2onaWAXQoLETUurbisLcTHYa/laser.PNG)\n\nIn the meantime, blockchain based solution have several issues to be used in realistic world scenarios. Frist, scalability. In terms of speed, blockchain is pale and lagging off compared to current monetary transaction system. Second fungibility. Since cryptocurrencies are stored in a public distributed ledger, its historical transactions are transparent and can be traced hence will make a problem if the transaction comes from a troublesome/blacklisted address.  Third, utility fragmentation. There are more than 1500 cryptocurrencies available on the market and still adding more. This makes the crypto's highly fragmented and could potentially make newcomers confused. Also from utility perspective, this fragmentation will make it difficult to be implemented with ease.  \n\nWith these problems already on the surface, Laser protocol offers an universal intermediaries to bring real world use become one step closer to reality. In the real world counterparts, it's analogues to the **SWIFT** (Society for Worldwide Interbank Financial Telecommunications) where everyone could make effortless and instant transactions between two different FIAT currencies by using standardized protocol that is accepted as de facto standard by more than 230 banks and financial institutions in the world.\n\n**General Overview of Laser Network**\n![laser service node.PNG](https://cdn.steemitimages.com/DQmNqRqA3cbDVke64MDB1WDTrUtepuftc1XZNyoP2mQKQjh/laser%20service%20node.PNG)\n\nLaser Network is a mechanism of blockchain agnostic service layer which rewards full node providers with its native currency called **photons** to make any blockchain solution more scalable, interoperable, private, and more rewarding for the full node providers which run the service layer (it is estimated they will receive 36% payouts of photons per year ). \n\nLaser platform is planned to be built from Ethereum blockchain hardfork. In essence, there are two core features it offers :\n\n**1. Blockchain Interoperability and Fast Inter-chain Transactions**\n\nSeamless inter-chain transaction is possible with the use of DEX (decentralized exchange) on the top of laser protocol service layer. This will cut the need for centralized exchanges, the current main method of transacting between cryptocurrencies which has considerable cost of money and time.\n\n**2. Anonymous Transactions Feature**\nTo enable fungibility and other aspects related to anonymity, Laser protocol employs 'join service' mechanism where this technique will obfuscate transactions between two parties hence makes them untraceable on blockchain explorer.\n\n**Roadmap **\n\nLaser protocol will have complete interoperability between bitcoin and Ethereum after Q1. \n![laser roadmap.PNG](https://cdn.steemitimages.com/DQmQZMUtpLzY1FJngEM5mQz4hKtwsdLxkvvthfN6JSiPWhs/laser%20roadmap.PNG)\n\n**Team and Board of Advisors**\n\nTeam members are looking strong with Shidan Gouran (Global Blockchain Technologies) acted as CEO.\nBoard advisor members . Info regarding recent board of advisors assembly can be viewed in this official blog post \nhttps://medium.com/laserprotocol/global-blockchain-announces-laser-subsidiary-and-eight-new-advisors-1cea27619f7c\n\n**Token Economics, and ICO Event**\n\nPhotons will be capped at 42 million units. EETH and  ETC holders will receive photon airdrops with the original proposed distribution plan as follow : \n\n![laser pool allocation.PNG](https://cdn.steemitimages.com/DQmasdJsMqhJbEJHKYAbe9DJnRDPRUDriE5KLqwd3piYmED/laser%20pool%20allocation.PNG)\n\nCurrently private sale is already happening and public sale will hold in the near future.\n\n**Further References**\n\nWhitepaper : https://laser.xyz/static/WhitepaperLaser.pdf\n\nWebsite : https://laser.xyz/\n\nAny inquiries regarding the project development can be addressed to team members via telegram channel on :\nhttps://t.me/LaserXYZ",
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      "author": "cryptophile",
      "body": "In your post, Yannik Heinze is listed as an advisor for FIXY Network. He isn't part of that project anymore. He has gotten eliminated before the ICO ended on the 1th June and doesn't want to be associated with that company and founder anymore.\n\nAs representative of Chainsulting UG, I make use of our rights from EU-DSGVO Art. 17 Data protection law.\n\nIf you need more information, feel free to ask. We kindly ask to act within 1 week.",
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      "author": "dinkokalinski",
      "body": "That is a great review. Way better than most ico reviews. I like the sections and the angle you are taking.",
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      "body": "@@ -5115,74 +5115,121 @@\n een \n-the DeBeers diamond blockchain and the blockchain being set up for\n+Glitkzoin and other competitors that offering a seemingly similar blockchain based product that is implemented in\n  the\n@@ -5249,22 +5249,8 @@\n stry\n- by Glitzkoin \n . Th\n@@ -5351,16 +5351,29 @@\n  global,\n+ fast moving,\n  transpa\n@@ -5381,16 +5381,41 @@\n ent and \n+last but not least, very \n secure.%0A\n",
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      "parent_permlink": "ico",
      "permlink": "glitzkoin-a-radical-approach-to-disrupt-the-diamond-industry",
      "title": "Glitzkoin : A Radical Approach to Disrupt The Diamond Industry"
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{
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      "author": "pram001",
      "body": "@@ -92,16 +92,102 @@\n t.PNG)%0A%0A\n+**Glitzkoin Utilizes Blockchain as A Game Changer Feature in The Diamond Industry** %0A%0A\n In the a\n@@ -2936,16 +2936,72 @@\n tions.%0A%0A\n+**Glitzkoin Advantages Compared to Other Competitors**%0A%0A\n The Gliz\n",
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      "title": "Glitzkoin : A Radical Approach to Disrupt The Diamond Industry"
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      "author": "pram001",
      "body": "@@ -391,23 +391,16 @@\n  people \n-really \n understa\n@@ -425,16 +425,55 @@\n in means\n+ and what value we could derive from it\n .%0A%0ARegar\n@@ -1259,21 +1259,19 @@\n base is \n-a big\n+one\n  server,\n@@ -1355,17 +1355,16 @@\n asy to m\n-e\n aintain \n@@ -2084,16 +2084,17 @@\n o succes\n+s\n fully al\n@@ -2200,16 +2200,14 @@\n ing \n-ordinary\n+common\n  cyb\n@@ -2279,58 +2279,117 @@\n hain\n-, will store complete information for all diamonds\n+ solution is able to store important information for all diamonds (its origin, purity, ownership status, etc)\n  tha\n",
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      "author": "pram001",
      "body": "@@ -2194,16 +2194,17 @@\n k method\n+s\n  (DDoS, \n",
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      "author": "pram001",
      "body": "@@ -1661,20 +1661,27 @@\n nce the \n-name\n+terminology\n  'decent\n",
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      "body": "@@ -761,16 +761,75 @@\n oin did.\n+ Maybe people will preconceive them as the same product but\n  In real\n@@ -906,19 +906,18 @@\n s. Once \n-you\n+we\n  underst\n@@ -944,22 +944,37 @@\n ts, \n-you will\n+we might come to an\n  agree\n+ment\n  tha\n@@ -1065,18 +1065,46 @@\n est \n-technology\n+and most hyped technology (Blockchain)\n .%0A%0AT\n@@ -1267,16 +1267,50 @@\n e stored\n+ and maintained by a single entity\n . In the\n@@ -1509,16 +1509,73 @@\n her node\n+ on the network hence the name 'decentralized' comes from\n .%0A%0AFrom \n@@ -1862,18 +1862,17 @@\n d a \n-tremendous\n+very huge\n  amo\n@@ -2010,23 +2010,88 @@\n and \n-near hack-proof\n+cannot be altered by using ordinary cyber attack method (DDoS, brute force, etc)\n .%0A%0AT\n@@ -2096,24 +2096,26 @@\n %0AThe DeBeers\n+'s\n  blockchain,\n@@ -2257,15 +2257,12 @@\n ate \n-conflct\n+fake\n  dia\n@@ -2320,161 +2320,124 @@\n mond\n-. This activity is something that, remains true of the Glitzkoin blockchain too. The difference is that, the Debeers blockchain stops right here, whereas\n+, from mining site to retail shops. Glitzkoin offers the same feature on its blockchain too. The difference is that,\n  Gli\n",
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      "body": "![glt.PNG](https://cdn.steemitimages.com/DQmZZXxnz9Bs5yGVHQSy9tgTXny2utsgUhTxasX6YYT2G8V/glt.PNG)\n\nMost people in the diamond trade and especially the big names, are aware that DeBeers has implemented a blockchain. Interestingly, a very small percentage of these people really understand what a blockchain means. Talk about the Glitzkoin diamond blockchain and you might hear that, DeBeers is doing the same thing. In reality, there is a big difference in the approach of these two blockchains. Once you understand these two concepts, you will agree that Glitzkoin goes a step further than DeBeers in the context of implementing this latest technology.\n\nThe idea of blockchains evolved from the concept of a centralized database. The general concept of a big database is a big server, where validated records are stored. In the case of a blockchain, there are numerous computers (servers) referred to as nodes. The information stored on one node is duplicated on every other node.\n\nFrom a technical viewpoint, hacking a single server is not a very big challenge but, things are different with a blockchain. An intruder who wishes to hack a blockchain will need access to every single node and compute the hash iteratively to alter the block of recods. There is a lot of truth in the statement that, blockchains are very secure and near hack-proof.\n\nThe DeBeers blockchain, will store complete information for all diamonds that are registered in the blockchain. The hope is that, such a process will help eliminate conflct diamonds and provide a transparent history of each diamond. This activity is something that, remains true of the Glitzkoin blockchain too. The difference is that, the Debeers blockchain stops right here, whereas Glitzkoin focuses on utility and goes beyond this stage.\n\nThe Gliztkoin project plan includes a blockchain where complete information related to certified diamonds would be listed. Diamond sellers at all levels could upload their diamond information on to the Glitzkoin blockchain. The platform has a trading feature which means that, anyone could buy any of the listed diamonds. The buyer could be a regular diamond trader or even a novice.\n\nBuying and selling diamonds might sound like a routine activity but, the real magnitude of this facility needs to be understood. In the normal trading process a diamond, moves from its original sellers into a long supply chain structure. A number of brokers pass on the diamond, each one adds a small (or significant) profit margin to the price quoted to the subsequent broker. The final buyer, receives the diamond at a price that is loaded with multiple layers of profit. The original seller never really knows who the final buyer is, he is also not aware of the final selling price to the buyer. Similarly, the final buyer never really knows who the first seller was and the first price quoted at the start.\n\nIn the case of the Glitzkoin blockchain diamond trading platform, the buyer and seller ‘interact’ directly with each other. Interestingly there is no personal interaction, decisions are made based on the factual data recorded on the blockchain for each diamond. There are no middlemen in the transaction, the buyer gets good value for money paid.\n\nDeBeers has clearly mentioned that, it does not have any plans to implement a cryptocurrency. In conventional diamond trade, payment is made through banks, currency conversions are required in a significant number of transactions. Bank fees and currency conversion charges are involved, these pile up as overheads to conduct the transaction.\n\nBy its very nature, a cryptocurrency does not follow a bank route and paying or receiving this currency, does not require any type of currency conversions to be done. Glitzkoin implements its cryptocurrency and this feature will work to expand diamond markets across the globe.\n\nThis report clearly explains the difference between the DeBeers diamond blockchain and the blockchain being set up for the diamond industry by Glitzkoin . The Glitzkoin project is geared towards improving diamond trade in an environment, that would be global, transparent and secure.\n\nPlease visit https://www.glitzkoin.com/ to invest now !\n\n![Glitz tokensale.PNG](https://cdn.steemitimages.com/DQmUcmVsyTjPfELkAEVj6g3TYVJb4jLxK4RKAYPzBKB51zt/Glitz%20tokensale.PNG)\n\n![glitz tokenomics.PNG](https://cdn.steemitimages.com/DQmRkynUBESYDyKC9qD1UM5VXJhahgnN8uqxeHzEPXtvHSC/glitz%20tokenomics.PNG)\n\nArticle contributor :\nTelegram handle: @richeames\nBitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1815692",
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      "body": "![glt.PNG](https://cdn.steemitimages.com/DQmZZXxnz9Bs5yGVHQSy9tgTXny2utsgUhTxasX6YYT2G8V/glt.PNG)\n\nWhen we Buy diamonds online, it's often we are seduced by the glamorous website with nice pictures and well made content. Unfortunately, this mode of selling and buying diamonds online has its disadvantages. The buyer is generally not directly connected to the seller and doubts exist regarding the quality of the diamonds offered, so the diamond's appearances in the web will likely a misleading one since they do not represent the real condition of diamonds they bought, not minding the complicated supply chain of diamond industry makes diamonds prone to counterfeiting and forgery.\n\nGlitzkoin is now poised to change all that with the introduction, of a diamond blockchain based marketplace that infused with the latest technology. Online diamond buyers would get directly connected to diamond sellers, no middlemen and no inflated prices. Everybody from all over the world could join the marketplace anytime with single cryptocurrency called Glitzkoin as a mode of payment. Glitzkoin, as a cryptocurrency that is solely accepted as a mode of payment in the decentralized diamond marketplace has several benefits. No more expensive bank fees and complicated currency conversions to deal with. A diamond listed by a seller from any part of the globe, could be purchased from just about any geographical location.\n\nSellers would list diamonds certified by reputed diamond testing laboratories. Complete information related to each diamond would be loaded on the blockchain. Data once entered would form a permanent record. Simply put, no one could edit a record that has been entered. This environment to facilitate online diamond buying, has never before been available to diamond buyers and guarantee the authenticity of every diamond that sold in the decentralized Glitzkoin marketplace.\n\nWith the absence of conventional brokers, the actual price quoted by the seller will be clearly visible to every prospective buyer. The diamond trade has for decades functioned with the help of multiple brokers in the supply chain. Brokerage charges and commissions, cloak the initial price quoted by the seller. This also leads to the very fast settlement of transactions since many intermediaries are ruled out.\n\nThere are a number of essential services required to complete an online diamond purchase. Besides a reliable online payment system, there would be a requirement for services like insurance and shipping. The broader scope of the Glitzkoin platform, would bring these services on to the same platform. This is something that will work to the advantage of the buyer and seller.\n\nA strong technical team paired with an unmatched expertise in all aspects of the diamond industry, ensure that the Glitzkoin project will set the superior standards expected of a state-of- the-art online diamond trading platform, powered by stellar blockchain technology.\n\nPlease visit https://www.glitzkoin.com/ to invest now !\n\n![Glitz tokensale.PNG](https://cdn.steemitimages.com/DQmUcmVsyTjPfELkAEVj6g3TYVJb4jLxK4RKAYPzBKB51zt/Glitz%20tokensale.PNG)\n\n![glitz tokenomics.PNG](https://cdn.steemitimages.com/DQmRkynUBESYDyKC9qD1UM5VXJhahgnN8uqxeHzEPXtvHSC/glitz%20tokenomics.PNG)\n\nArticle contributor :\nTelegram handle: @richeames\nBitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1815692",
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      "body": "@@ -3294,16 +3294,23 @@\n d trace \n+either \n transact\n@@ -3317,36 +3317,67 @@\n ions\n-. We are confident that this\n+ or diamonds authenticity. these new technology breaktrough\n  wil\n@@ -3580,18 +3580,16 @@\n oin has \n-a \n seasoned\n@@ -3614,12 +3614,15 @@\n ond \n-team\n+experts\n  wit\n@@ -3663,17 +3663,17 @@\n rience. \n-n\n+N\n ot only \n@@ -3872,16 +3872,20 @@\n  propel \n+the \n diamond \n@@ -3890,16 +3890,17 @@\n d indust\n+r\n y to a w\n",
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      "body": "![glt.PNG](https://cdn.steemitimages.com/DQmZZXxnz9Bs5yGVHQSy9tgTXny2utsgUhTxasX6YYT2G8V/glt.PNG)\n\nConsidered as accessories of premium level of prestige, the diamond industry keeps maintain its healthy grows worldwide. On year over year the demand for diamonds grows, not only because more consumers want to acquire them as jewelries, but new knowledge originating from research has opened a new avenue to the implementation of diamonds for scientific or industrial purposes (ie: new material, drill bits, etc)\n\nOver the centuries, a complete distribution network has been designed and improved continually for diamonds being mined from the ground and processed to get into the hands of retail consumers. The major obstacle has been a cumbersome supply chain process, as raw stones pass through multiple phases of production before arriving as a final product in diamond retails.\n\nThe challenge in the past for diamond sellers has been that in every stage of the production process there results in additional costs such as including currency conversion, insurance, security and paperwork. Additionally, there is an opportunity for theft, fraud or simple human error at every stage.\n\nConsequently, up until now, each step of the process was built on trust and at the mercy of third parties. Trust in the integrity of whom you were doing business with and trust that you are getting what you paid for. All this comes at a price to everyone in the diamond supply chain.\n\nThe implications for a process not reliant on trust for transactions for a supply diamond chain is that it would revolutionize the diamond industry. Most costs associated with intermediaries would be eliminated as would most opportunities for theft, fraud and human error associated with paper-based transactions. Other cost benefits would be the reduction of insurance premiums, security and errors and omissions.\n\nBlockchain technology would also expand the diamond market in general. Diamond sellers through a diamond blockchain would now have the opportunity to leverage technology by listing diamonds directly on the blockchain and have direct access to any consumer anywhere in the world. The positive implications for this are incredible. How would this be done?\n\nCertified diamonds on the blockchain could potentially revolutionize the entire diamond supply chain and the “Trustless Transactions” would provide greater efficiency and margins to sellers. Imagine the economic implications of being able to list your diamond directly on the blockchain and instantly make it publicly available to anyone in the world.\n\nRetail consumers would have direct access to all the properties of the diamond including size, color, weight and cut from anywhere and anytime. Additionally, photos and authentication certificates would also be available. This reduces the requirements for centralized intermediaries, which in turn should result in reduced costs for both sellers and buyers, leaving a bigger margin despite lower prices. It’s a win-win condition for both parties involved in the transaction.\n\nGlitzkoin intends to implement blockchain technology to achieve this goal by developing a diamond blockchain platform. Decentralizing the diamond supply chain will lead to more cost-effective, secure, and easier to track and trace transactions. We are confident that this will have substantial benefits to both buyers and sellers of diamonds as the economic efficiencies of the supply chain results in lower prices for the consumer and better margins for sellers.\n\nGlitzkoin has a seasoned professional diamond team with decades of diamond industry experience. not only bring expertise from diamond industry, it has also brought some of the most seasoned and talented blockchain and cryptocurrency experts to develop and manage the Stellar blockchain platform to propel diamond industy to a whole new level.\n\nPlease visit https://www.glitzkoin.com/ to invest now !\n\n![Glitz tokensale.PNG](https://cdn.steemitimages.com/DQmUcmVsyTjPfELkAEVj6g3TYVJb4jLxK4RKAYPzBKB51zt/Glitz%20tokensale.PNG)\n![glitz tokenomics.PNG](https://cdn.steemitimages.com/DQmRkynUBESYDyKC9qD1UM5VXJhahgnN8uqxeHzEPXtvHSC/glitz%20tokenomics.PNG)\n\nArticle contributor :\n\nTelegram handle: @richeames\nBitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1815692",
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      "body": "![glt.PNG](https://cdn.steemitimages.com/DQmZZXxnz9Bs5yGVHQSy9tgTXny2utsgUhTxasX6YYT2G8V/glt.PNG)\n\nConsidered as accessories of premium level of prestige, the diamond industry keeps maintain its healthy grows worldwide. On year over year the demand for diamonds grows, not only because more consumers want to acquire them as jewelries, but new knowledge originating from research has opened a new avenue to the implementation of diamonds for scientific or industrial purposes (ie: new material, drill bits, etc)\n\nOver the centuries, a complete distribution network has been designed and improved continually for diamonds being mined from the ground and processed to get into the hands of retail consumers. The major obstacle has been a cumbersome supply chain process, as raw stones pass through multiple phases of production before arriving as a final product in diamond retails.\n\nThe challenge in the past for diamond sellers has been that in every stage of the production process there results in additional costs such as including currency conversion, insurance, security and paperwork. Additionally, there is an opportunity for theft, fraud or simple human error at every stage.\n\nConsequently, up until now, each step of the process was built on trust and at the mercy of third parties. Trust in the integrity of whom you were doing business with and trust that you are getting what you paid for. All this comes at a price to everyone in the diamond supply chain.\n\nThe implications for a process not reliant on trust for transactions for a supply diamond chain is that it would revolutionize the diamond industry. Most costs associated with intermediaries would be eliminated as would most opportunities for theft, fraud and human error associated with paper-based transactions. Other cost benefits would be the reduction of insurance premiums, security and errors and omissions.\n\nBlockchain technology would also expand the diamond market in general. Diamond sellers through a diamond blockchain would now have the opportunity to leverage technology by listing diamonds directly on the blockchain and have direct access to any consumer anywhere in the world. The positive implications for this are incredible. How would this be done?\n\nCertified diamonds on the blockchain could potentially revolutionize the entire diamond supply chain and the “Trustless Transactions” would provide greater efficiency and margins to sellers. Imagine the economic implications of being able to list your diamond directly on the blockchain and instantly make it publicly available to anyone in the world.\n\nRetail consumers would have direct access to all the properties of the diamond including size, color, weight and cut from anywhere and anytime. Additionally, photos and authentication certificates would also be available. This reduces the requirements for centralized intermediaries, which in turn should result in reduced costs for both sellers and buyers, leaving a bigger margin despite lower prices. It’s a win-win condition for both parties involved in the transaction.\n\nGlitzkoin intends to implement blockchain technology to achieve this goal by developing a diamond blockchain platform. Decentralizing the diamond supply chain will lead to more cost-effective, secure, and easier to track and trace transactions. We are confident that this will have substantial benefits to both buyers and sellers of diamonds as the economic efficiencies of the supply chain results in lower prices for the consumer and better margins for sellers.\n\nGlitzkoin has a seasoned professional diamond team with decades of diamond industry experience. not only bring expertise from diamond industry, it has also brought some of the most seasoned and talented blockchain and cryptocurrency experts to develop and manage the Stellar blockchain platform to propel diamond industy to a whole new level.\n\nPlease visit https://www.glitzkoin.com/ to invest now !\n\n![Glitz tokensale.PNG](https://cdn.steemitimages.com/DQmUcmVsyTjPfELkAEVj6g3TYVJb4jLxK4RKAYPzBKB51zt/Glitz%20tokensale.PNG)\n![glitz tokenomics.PNG](https://cdn.steemitimages.com/DQmRkynUBESYDyKC9qD1UM5VXJhahgnN8uqxeHzEPXtvHSC/glitz%20tokenomics.PNG)\n\nArticle contributor :\n\nTelegram handle: @richeames\nBitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1815692",
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