The Diamante Blockchain Consortium is a unique ecosystem for the diamond industry which allows every functionary of the industry to co-exist in a blanket of trust, security, and traceability. Learn more here about how the diamante blockchain consortium is revolutionizing the diamond industry using distributed ledger technology (DLT)
The diamond industry for long has faced several problems associated with difficult market conditions, reduced profitability and lack of access to funds to develop the business further.
The financial crisis which hit the globe in the year 2008 has had a profound impact on the diamond trade. This has severely disrupted the demand-supply dynamics in the diamond ecosystem. The diamond industry feels that it is behind in terms of the demand faced by other luxury products. Diamante came up with a solution that would invariably solve the major problems existing in the diamond industry.
The Solution offered by Diamante –
This is a comprehensive initiative launched by Diamante to facilitate the integration of the entire functionary model of the diamond ecosystem under a single umbrella.
Diamante Blockchain Consortium came up with a robust solution in the form of –
What are the benefits of using the Diamante Blockchain Consortium?
In terms of governance and compliance, the Diamante Blockchain is Kimberley Process Certified. It prevents the trading of conflict diamonds within the diamante ecosystem. It is also in strict compliance with the anti-money laundering laws.