The discussion regarding the utility of blockchain and the effect of blockchain on the jewelry business will continue with narratives and counter-narratives. There are several advantages of blockchain which has given it the edge over other technologies that will rule the market. There are several pain areas of the jewelry industry which has affected the […]
Proof-of-Importance (PoI) is a ledger related consensus mechanism that is important in the trust chain ecosystem. PoI reward users who are actively transacting on the network, gradually building on proof-of-stake. With PoI, nodes are required to vest a certain amount of currency to be qualified to construct blocks and are chosen to produce a block […]
Provenance has always been a major area of concern for the gem & jewelry industry. With retail stores offering a majority of the gem & jewelry sales, there has always been a minor element of doubt in the mind of the participants of the retail network. To understand the concept better, one has to understand […]