Blockchain technology has found a fairground in the diamond industry to push the boundaries of its capabilities. One of the most interesting ways for this to unfold has been the creation of consortia dedicated to bringing in more transparency and efficiency into this centuries old sector. While the novelty of blockchain still has some holding their reservations about its performance, forward-thinking enterprises, such as Diamante, have already dipped their toe in exploring its advantages. Diamante Blockchain Foundation, the non-profit wing of Diamante Group LLC, is set to take the Diamante Blockchain story to a wider audience with CNBC and DMG Productions.
Being one of the first of its kind, the journey of Diamante Blockchain till now and its way forward is the focus of the interview organized by DMG Productions. The episode was recently shot in New York, USA, and India, which is one of the top-ranking diamond hubs in the world. The segment will delve into the core ideas behind the project as explained by the team members. Dinesh Patel (CEO of Diamante Blockchain), Chirag Jetani (Chief Operating Officer), Erik A Jens (Ex- ABN AMRO CEO & Chief Financial Expert), and Raj Chowdhury (MD of HashCash Consultants and Chief Technology Architect of Diamante) will be speaking on topics ranging from the structure of Diamante Blockchain, and the potential of blockchain and future payment services in the diamond industry, and its plans of expansion. The interview will be broadcast on an upcoming episode of Advancements via CNBC.
Diamante Foundation is a part of Diamante Consortium, which is a non-profit open source platform which is dedicated to bringing transparency and accountability to the diamond industry. It will provide a unified marketplace for diamond companies of every size and scale. Diamante Foundation will operate on Diamante NET, a state of the art blockchain network. Transactions and trade can be carried out within this highly secure network using DIAM, the native digital asset of Diamante NET. Overall, a blockchain-based system would revolutionize supply chain management.
Diamante is compliant with the Kimberly Certified norms, Anti-money laundering (AML) regulations, and the USA Patriot Act. The aim of these set of rules is to mitigate the circulation of conflict diamonds and the generation of income by illegal means. Speaking from New York, Eric A. Jens said “The diamond industry has struggled to maintain authentic and accurate records about the source and provenance of diamonds. As technology progresses, it is also becoming increasingly difficult to identify lab-grown diamonds from natural-mined diamonds. Now, the industry is looking to the blockchain to solve these issues.”
Since the diamond industry spans all over the world, Advancements’ global coverage via CNBC is ideal to inform about blockchain diamond consortium to a wider audience. The network has a strong presence in the U.S., Asia Pacific, Europe, Middle East and Africa. It is a world leader in business news and is watched in more than 409 million homes worldwide, including more than 91 million households in the United States and Canada.
In the USA alone, 22.84% of the number of people assessed are those in the aged 18 to 29, and 30-49 years make up approximately 33%. The first group is socially aware and highly dependent on technology with a natural penchant toward distributed ledger technology. The second group comprises of seasoned professionals who are looking to improve outdated company infrastructures. The Collaboration between Diamante and DMG Productions is bound to excite both the parties.
About Diamante Blockchain Foundation:
Diamante Blockchain LLC, the USA-based diamond foundation is your one-stop destination if you are looking for result based diamond supply chain management. The foundation provides a unified marketplace for players across the diamond industry – from mining companies to cutters, polishers, certifiers, manufacturers, retailers, and end-customers. Built on Distributed Ledger Technology, Diamante Blockchain Foundation promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.
The Diamante Foundation makes for an ecosystem where its members can obtain a line of credit with ease. It provides a first-of-its-kind marketplace for the Gem and Jewelry industry where trade is established through smart contracts. The foundation operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and USA Patriot Act.