Diamond Industry Ledger Will Use Fast Blockchain
Ascribe has announced the release of BigchainDB, a scalable blockchain database that can process 1 mln writes per second. Their first licensed user is Everledger, a diamond industry ledger. Why a scalable blockchain? In their press release, BigchainDB is described as a ledger which can “achieve one million writes per second with sub-second latency and petabytes of capacity in a federated blockchain database”. The platform will also allow “developers and enterprises to deploy blockchain applications and platforms at scale, formerly a limiting factor in getting sandbox proof-of-concepts into....
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Blockchain integration into any sector has proven to be a fitting move, and the diamond industry’s interest in this technology will without doubt be instrumental in its improvement. Diamonds are some of the world’s most valued gemstones, and the global diamond industry has managed to remain afloat despite being partially eclipsed by the emergence of modern stocks and novel virtual assets.The diamond industry, however, appears to be undergoing a paradigm shift in recent times — incorporating modern technology such as blockchain to improve diamond production, tracking and ultimate sales.....
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.”
Immutable Record of a Diamond’s Provenance
One of the world’s top diamond miners, De Beers, recently said it had deployed a blockchain-based diamond source platform at scale. The platform, which is known as Tracr, gives the so-called sightholders the ability “to....
De Beers has launched its long-awaited blockchain-powered Tracr platform to track and manage diamond production. Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution.The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production and distribution across the globe. The Tracr platform was first piloted and tested back in 2018, and the company has finally released the platform at scale to serve the wider diamond mining industry.De Beers has already....
Let’s take a look at several big Blockchain trends which are about to change our perspective on the future. Gian Volpicelli from Wired lists some potential purposes of Blockchains. The main feature of all these is decreasing or even the total absence of middlemen. Various parties see huge potential in Blockchain technology – banks are hoping to adopt it one day, governments would open shortcuts to their bureaucratic jungle, and access to the black market wouldn’t be so easy. Luxury cars and copyright. Everledger is a diamond industry ledger which helps fight against cartels, terrorists and....
Museum of Named Diamonds allows recording the stories related to diamonds on the Blockchain, preserving them forever. In such a way, people can make their precious diamonds unique by giving them names and stories. Moreover, they can track their history as long as the Blockchain exists. The Museum partnered with Everledger.io to ensure the technical support for their project. Everledger specializes in recording diamond data on the Blockchain. The company maintains their own distributed ledger which is the database for all the diamond-related content. Jacques Voorhees, CEO of the Museum of....