Tag: Blockchain Technology

Diamante Blockchain Strengthens Its Presence Across the Globe

The global Decentralized finance blockchain-based company Diamante Blockchain strengthens the brand’s presence across the world.

NEW YORK, Aug. 27, 2021 /PRNewswire-PRWeb/ — Diamante Blockchain Holdings Inc., a global fintech company, expands its virtual media presence across the globe. The company has been actively participating and growing its footprint by featuring in various podcasts and talk shows.

The Diamante company has experienced rapid growth in multiple product lines, from initiating pilot testing for their DeFi payments application, PayCircle to announcing the launch of its NFT-based diamond auction house.

In recent months, the company has gained significant credibility with its extensive strategic growth and product management by changing the world’s approaches to adapt DeFi and blockchain technologies.

The company continues its aggressive media presence, and for credibility, a few of the references are listed below.

1. The Irish Tech News Podcast
2. Future Hacker Podcast – episode 1 & 2
3. The Advancement Series with Ted Danson on CNBC

“By establishing global key industry partnerships in the first half of 2021, we further advanced our vision of building a global DeFi platform that the world has been looking forward to,” said Chirag Jetani, Diamante’s COO and Co-founder.

“Our main motto is to convey about the comfortable and convenient ecosystem (open for all) that continues to deliver sustainable value to our customers and clients in the long term. We will continue to grow, adapt, and enrich the presence through digital platforms in the USA and abroad, so our global audience can make use of it,” added Lalit Choudhary, Head of Marketing.

About the Company:

Diamante Blockchain Holdings Inc. is a global, decentralized finance platform successfully implementing and developing a competitive blockchain-enabled ecosystem for trade, payments, and financing.

The company’s DeFi payments application, PayCircle (competing with the world’s largest payment processors), and native digital asset, DIAM to go live soon. They have a user consortium of over 400 diamond industry participants representing $82 billion of potential revenue. The Diamante ecosystem consists

(i) Proprietary blockchain network – Diamante Net
(ii) Consortium of luxury goods and service industry stakeholders – Diamante Consortium
(iii) DeFi payments application – PayCircle

Meet the Team: https://diamanteblockchain.com/our-leadership/

-For more Information:

Website: http://www.diamanteblockchain.com
DeFi Payments Application: https://paycircle.io/

To stay up to date on the company’s latest announcements, join their social hubs.
Facebook | Twitter | LinkedIn | Telegram

Source: Yahoo Finance

Diamante Blockchain, the Global Fintech Firm Announces Launch of Equity Crowdfunding Campaign on Wefunder

Diamante Blockchain (Diamante) has announced its first-ever equity crowdfunding campaign this week, in partnership with Wefunder, one of the world’s largest crowdfunding platforms. The public sale will go live on April 2, 2021, at 9 AM EST.

LENEXA, Kansas (PRWEB) April 02, 2021

Diamante Blockchain is a global decentralized finance platform implementing and developing a competitive proprietary blockchain infrastructure for trade, payments, and financing. The company raised significant funds in the private round, held on the Wefunder. And now, Diamante is inviting public investors to become part of the Diamante, whose portfolio will then include Diamante Net, our proprietary blockchain technology; PayCircle, a DeFi payment application, and other Diamante products and services.

Dinesh Patel, founder, and CEO said, “In recent years, the DeFi and disruptive technology have been a massive part of the growth of the fintech industry. And with a unique combination of diamond industry expertise and technical solutions, we are expanding our fintech-driven solutions to multiple industries.”

“We have completed the POC of one of our DeFi applications, PayCircle, and we also have over 400 participants joined our consortium. We welcome investors and fintech enthusiasts now to have the opportunity to gain equity in the Diamante ecosystem,” said Chirag Jetani, founder and COO of Diamante Blockchain.

“The Diamante team is the best in the business, and I see great potential in the new way of thinking which will accelerate the cross-border payments, trading, and scale-up financing across the globe,” added Erik Jens, company’s advisor and former CEO, ABN AMRO Bank.

To view the information on equity crowdfunding and analyze the opportunities for you, please check out: https://wefunder.com/diamante/.

About Diamante Blockchain:

Diamante Blockchain is a fintech company leveraging blockchain technology to create a dedicated ecosystem for trade, payments, and financing. The Diamante ecosystem consists of (i) Diamante’s proprietary blockchain (Diamante Net), (ii) industry stakeholders (the Diamante Consortium), and (iii) Diamante’s ecosystem payments network (PayCircle).

Founded in 2018, Diamante Blockchain is solving the most significant challenges threatening global commerce today.

1. Time-consuming international payments
2. Expensive cross-border remittances
3. Lack of access to financing
4. Opaque and volatile transaction cost

The Diamante ecosystem fosters individuals and enterprises throughout the global fintech space to access their products and services.

For more detailed information, Click Here

Source: Yahoo Finance

Diamante Blockchain Meet Highlights the Spectrum of Opportunities of Blockchain in Diamond Industry

Diamante Blockchain hosted the Diamante Meets 2019 to discuss Spectrum of Opportunities in Mumbai introducing the revolutionary Diamante consortium to Banks, Industry leaders, and stakeholders. The seminar shed light on the future of the diamond industry through the utilization of blockchain technology.

Counterfeits, conflict or blood diamonds, minimal documentation, and murky transactions are some of the major problems plaguing the centuries-old diamond industry. Issues related to the traceability of diamonds and other loopholes in the manufacturing and trading affect the global diamond industry.

However, things are looking on the brighter side with the advent of blockchain technology. The Distributed Ledger Technology (DLT) is a chance to bring more traceability and order in the diamond trade. Diamante Blockchain has been spearheading that cause for quite some time now. Taking a step ahead towards that goal, the diamond blockchain consortium hosted an August seminar at the Golconda Ballroom of Hotel Trident BKC, Mumbai. The seminar brought together representatives from banks, industry leaders, and stakeholders under one roof and introduced them to the revolutionary Diamante Consortium.

Diamante Meets 2019

The initiative “Diamante Meets 2019: Facing the Future – Together” was organized according to Genesis Block, USA, and HashCash Consultants (California, USA). Chirag Jetani (Chief Operating Officer), Erik A Jens (Ex- ABN AMRO CEO & Chief Financial Expert), Samuel E Proctor (Chief Regulatory Advisor), Raj Chowdhury (CEO of HashCash Consultants and Banking & Blockchain Advisor at Diamante Blockchain), Prasanna Lohar (DCB Bank) and Mr. Sudhin from SBI were the key speakers who shared their insight on the basic structure of Diamante Consortium, and the potential of blockchain and its future in the diamond industry.

“Technology and innovation go hand in hand and also helps a lot in the sustainability of an industry going forward,” said Erik A Jens.

According to the Chief Regulatory Officer of Diamante, Samuel E Proctor, “Fintech is going to make the diamond industry better by making the business move faster, move cheaper, and make things more transparent, which is a win for everybody involved.”

The event aimed to present a blockchain solution into the present corporate payment structure and line of credit model.

Diamante Blockchain – Corporate Payments

Let’s take a quick look at what Diamante Blockchain offers to the industry, using decentralized ledger technology.

The Diamond industry is spread across continents, making business complex and time-consuming. Going by the traditional modes of cross-border payments, the money goes through various exchanges, making it very hard to trace. That can be solved by DLT, which is a digital system that records the details of every transaction happening in real-time and keeps all the parties involved in the loop about the movement. There is zero involvement of any central authority, as all transaction happens and is recorded independently by the participants or the nodes in a network.

Diamante Blockchain has launched a B2B corporate payment network that allows hassle-free cross border transfer of funds. The transaction happens faster and a fraction of the cost that is usually charged by the banks and exchanges. It also makes it easy to track the payment, thus preventing any act of fraud.

The seminar gave a brief insight on the whole process and the benefits of Diamante’s corporate pay. It was an absolute success, considering the phenomenal response it received from all the attendees.

About Diamante Blockchain

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. Diamante provides a secure ecosystem for network participants to make online payments and obtain a credit line with ease. Together, Diamante’s expanding body of specialized services creates 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 promises its clients and members complete traceability, assured quality, and cost-effectiveness in trade and transactions within its network.

The first-of-its-kind marketplace for the Gem and Jewelry industry enables trade through smart contracts. The consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and the USA Patriot Act.

Diamante Blockchain Makes Huge Impact at JCK Las Vegas 2019

Diamante shone the light on the role distributed ledger technology can play in the diamond industry at the world’s leading jewelry trade event.

JCK Las Vegas 2019 – the largest jewelry convention globally – is one of the most anticipated events for business and networking in the diamond space. It draws 30,000 of the world’s most influential industry professionals with their expertise and insight into the world of diamonds. Diamante emerged as one of the most promising proponents of the technology that will change the diamond industry’s payments and financing. Diamante team members Dinesh Patel, Erik Jens, Chirag Jetani, Kishan Vaghasia, attended the conference, and Sam Proctor and Andrew Pedvis attending on behalf of Genesis Block, a leading blockchain-focused services platform.

Diamante Consortium has brought diamond industry participants across verticals– from mining companies to jewelers, polishers, manufacturers, retailers, and end customers – on a unified platform to trade directly with each other. The consortium itself is built using Distributed Ledger Technology, making transactions made on the blockchain network (Diamante Net) traceable and reliable. Diamante has also introduced Diamante Corporate Payment, which enables real-time and low-cost settlement of payments.

The innovative implementation of the tech by Diamante demonstrates the adaptability of blockchain to suit the diamond industry’s needs. Implemented at scale, it would bring an unprecedented level of efficiency to diamond-based payments and finance.

Chirag Jetani, COO of Diamante Blockchain, said, “JCK unites a community that is shaping the future of the jewelry industry. Needless to say, the participants of the event are all forward-thinkers and open to explore the latest tech offerings to improve the jewelry sector. Our efforts with blockchain garnered a lot of interest, and we will see broader adoption of Distributed Ledger Technology in the industry pretty soon.”

Sam Proctor, Chief Executive Officer of Genesis Block, said, “We are motivated by the belief that Distributed Ledger Technology has the potential to impact supply chains across the economy, and diamonds are no exception. Diamante is clearly establishing itself as a leader in leveraging this technology to make the diamonds payment ecosystem more efficient and cost-effective.”

Erik Jens had his own observation to share, “At the JCK show, there was a clear trend in understanding the opportunities technological ecosystems, such distributed ledger technology, offer concerning driving efficiencies, connectivity, and collaboration, elements needed to enhance profitability but as important enhancing consumer trust and confidence in jewelry. After all, tomorrow’s customer is tech-innate, collaborative and global-minded, ethical and keen on social media online shopping.”

JCK is organized for order writing, inspiring education, and networking. It functions as a premier destination to discover the latest trends designs in expansive jewelry collections, gems, timepieces, and related services. The flagship event at Las Vegas had 2,300+ exhibiting vendors worldwide, specializing in timepieces, loose gemstones, equipment, supplies, technology, security, and business solutions. It was attended by 23,000+ individual retailers and 9,400+ retail stores ranging from independents, majors, department stores, boutiques, and galleries, 23% of which were from brands from outside of the United States.

About Diamante Blockchain

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. Diamante provides a secure ecosystem for network participants to make online payments and obtain a credit line with ease. Together, Diamante’s expanding body of specialized services creates 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 promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.

The first-of-its-kind marketplace for the Gem and Jewelry industry enables trade through smart contracts. The consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and the USA Patriot Act.

Diamante Corporate Payment Is Set To Ramp Up The Security Of The Existing Online Transaction System

Blockchain payment systems are simplifying and increasing the efficiency of online transactions and Diamante Corporate Payment is set to bring about this change in the diamond industry

Although still a nascent technology, Blockchain has made remarkable improvements in the area of online transactions across industries. Its significance can be felt strongly in the diamond industry, where trust between trade participants is of utmost priority.

Diamante Blockchain Consortium – one of the first platforms to incorporate distributed ledger technology to soon create a unified marketplace for diamond industry participants – has taken another step towards revolutionizing its sector’s operations. It is set to launch Diamante Corporate Payment to secure and transparent online transactions within the blockchain network.

Features of Diamante Corporate Payment:

The Diamante Corporate Payment built on blockchain is exactly what the diamond industry needs to boost market demand. Chirag Jetani, COO of Diamante Blockchain, explains, “While diamantaires are increasingly moving or expanding their business to online platforms, the trust consumers have on the reliability of online payment platforms has a lot of catching up to do. This is mainly because of the piling instances of cybercrimes that result in misappropriation of funds and identity theft.” 
Diamante Corporate Payment settles transactions using its high performing native digital asset, DIAM.

The automation of Diamante Corporate Payment has several benefits, such as: 

  • Online Purchase Order and Invoice creation and exchange
  • Sharing of Trade and Shipping documents securely through encryption
  • It digitizes the end-to-end trade process and unites all involved parties on a single network to drastically cut down processing time.
  • Manage working capital efficiently through live tracking of an account balance
  • Real-time reconciliation and information sharing with other parties on the network
  • Automate critical business processes through smart contracts
  • Protect your data through encryption and blockchain immutability 

Benefits of Blockchain to online transactions:

Blockchain is being increasingly adopted across industries for its lending transparency and security to records of transactions for auditing in the future. The following the other three advantages that blockchain brings in:

1. Economizing Time –

It facilitates direct interaction between trade participants and replaces the need to rely on intermediaries. Incorporating third parties’ services such as lawyers, red tape, logistics agents, and banks prolong the processing time and bring down productivity. Payments made using Diamante Corporate Payment and cryptocurrency products are made in a fraction of the time taken by the traditional process of settling payments.

2. Reduces Costs by Eliminating Third Parties –

External agents that are relied upon to authenticate transactions elongate the process while charging high fees for their service. This makes the overall process unnecessarily expensive. This Blockchain-based Corporate remittance product automates business processes with smart contracts replace. As a result, costs are cut, but the scope of errors incumbent to manual processing of vast volumes of data is eliminated. Additionally, cost-reduction could increase the profits of the industry by a wide margin.

3. Increases accountability –

Transactions in the diamond industry involve trade in extremely precious commodities prone to moving in and out of the supply chain by illegal means. The lack of transparency and traceability in the existing system is responsible for this conundrum. The immutable shared ledger of blockchain records and traces the diamonds’ movement in real-time throughout the supply chain, thus validating its authenticity. The cryptocurrencies used to make these transactions possess a unique digital identity that can track their whereabouts within the blockchain network traceable, preventing fraud.

About Diamante Blockchain:

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. The consortium 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 Consortium promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.

The Diamante Consortium 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 consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and USA Patriot Act.

Diamante Blockchain Consortium uses DIAM – its native digital asset – to carry out transactions and trade in its blockchain network.

Source:https://www.benzinga.com/pressreleases/19/04/r13507194/diamante-corporate-payment-is-set-to-ramp-up-the-security-of-the-existing-online-transaction-syste

Diamante Launches a Blockchain Consortium That Promises Security to Online Diamond Trade

The internet has expanded the extent of the diamond industry across oceans, and businesses are taking to online platforms for trade and transactions. Diamante Blockchain Consortium has unveiled a highly secure DLT platform for this very purpose.

Cross-border trade in diamonds is a vehicle for non-diamond-producing countries to profit from the business of the gemstones. This is because even though countries like India, Israel, and Belgium are not sites known for naturally occurring diamond reserves, these locations are replete with cutters, polishers, manufacturers, and other related service providers. Therefore, before a diamond reaches the display window of retail stores in its final form, they invariably make their way through myriad necessary stops. The Diamante Blockchain Consortium has introduced a state-of-the-art blockchain platform dedicated to online trade-in diamonds that provides a secure environment crucial to conducting the business of such high value.

Diamante Blockchain Consortium and online diamond trade:

Trade-in diamonds are a significant factor in calculating the GDPs of beneficiary countries through which a diamond journeys. This obviously entails several custody changes, validation of the transactions through massive volumes of paperwork, and settlements in several foreign currencies. The Diamante Blockchain Network presents the opportunity to automate and digitize the manual labor and paperwork involved in the process.

At the core of the platform is the technology which powers cryptocurrencies. The primary service it renders is providing an immutable distributed digital ledger to record every transaction executed within the blockchain network. These transactions will be validated and recorded by smart contracts, which are pre-programmed computer protocols, reducing inefficiencies and human error. Since settlements are made using DIAM (the native digital asset of the Diamante Blockchain Network), the time taken for settling remittances is reduced drastically, and the cost incurred is startlingly low. Moreover, each step of the process is protected by complex encryption and security practices implemented by leading global banks.

The entire body of transactions within the blockchain consortium will be maintained in compliance with the terms of trade privacy, keeping sensitive data belonging to consortium members and trade participants secure and private.

Blockchain, by nature, is extremely secure. Since transactions taking place on it are done using cryptocurrency, which has a unique encrypted identity each, it is possible to track its movement anywhere within the network. This feature of digital currency nullifies the chances of fraud and double-spending. Blockchain brings to the trade participants, and the diamond industry as a whole, a never before experienced level of transparency and accountability, encouraging increased investment in the sector.

Benefits of participation in Diamante Blockchain Consortium:

The Diamante Blockchain Consortium provides a unified marketplace that brings together industry participants, including miners, polishers, manufacturers, traders, and retailers. A provision such as this streamlines these actors’ business and sets the stage for synergizing the operations in this vast-spread multi-layered industry.

Participants of the diamond blockchain consortium will have to complete their KYC documentation, after which they will be allotted a rating within the consortium determined by a predefined algorithm. A platform like this will cover trading features, including regularity of payments to consortium members and analysis of the regular trade practices.

Distributed ledger technology has enabled diamond suppliers (and intermediaries like border agents) to operate with ease and clarity, relying on a blockchain ledger. Dinesh Patel, CEO of Diamante Blockchain, said, “The process involves using computer scanning tools to access a ‘digital vault’ and to determine the provenance of the diamonds that are registered on the network.” This lays the foundation to create new efficiencies in the blockchain that would reinstall assurance in consumers that their diamond is natural and conflict-free.

About Diamante Blockchain:

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. The consortium 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 Consortium promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.

The Diamante Consortium 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 consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and the USA Patriot Act.

Diamante Blockchain Consortium uses DIAM – its native digital asset – to carry out transactions and trade in its blockchain network.

Source: https://markets.businessinsider.com/news/stocks/diamante-launches-a-blockchain-consortium-that-promises-security-to-online-diamond-trade-1027945199

Diamante Blockchain Authenticates Ownership And Credibility Of Diamonds

Diamante Consortium provides a healthy marketplace for diamond certifiers to enhance their reach in the industry.

The gem and jewelry industry is one of the oldest globally, and diamonds are probably the most coveted precious stones in the market. However, the sector has been mainly run on not-very-transparent traditional ways and sustained by backroom handshakes. Marked by minimal documentation, these two traits have presented diamonds as a favored vehicle for financing crime and laundering money. Diamante – a global diamond consortium powered by blockchain technology –is ready to launch its native asset, DIAM, to bring trade-in diamonds one step closer to encrypted digitization. This evolution aims to mitigate some of the challenges afflicting the diamond industry.

Benefits of participation in Diamante Blockchain Consortium:

The process of producing a diamond – be it gem-quality or the sort suited more to industrial purposes – sees the rough stone extensively travel from one part of the planet to another, with multiple stops in between. It could be sourced in Canada, Australia, Russia, Botswana, and South Africa, stop to be cut and polished in India, Israel, and China, and set in jewelry in Hong Kong and the USA. Finally, it would be sold worldwide to contribute to a market worth 80 billion dollars. The trade-in diamond is, in a nutshell, global.

This brings into the equation a voluminous change of hands in currency, documentation, verification, and money transfers through traditional institutions. Altogether, the process could span days, costing investors millions of dollars. 
Transferring operations such as tracking the gems’ movement on a supply chain, keeping a tab on exchanging documents, and verifying transactions on a blockchain have their benefits. A decentralized, immutable digital ledger would provide the industry with reliability and accountability, which is till now lacking. The Diamante blockchain network will see participation from different diamond sectors, including mining companies, manufacturers, retailers, and end customers.

Employing cryptocurrency also circumvents the tedious and time-consuming process of dealing with the standard payment model that goes through multiple stages of processing and regulations in banks. Diamond consortiums like Diamante attract investors because payments made on a blockchain network using cryptocurrency are much quicker. Additionally, the elimination of the need for intermediaries and agents makes the process low on cost.

Incentivized participation:

Since it is not easy to convince traditionally conservative players to adopt new technology, the switch to the blockchain platform will be incentivized. Participants of the diamond consortium will be able to purchase and trade with DIAM and create and list their own crypto coins on Diamante’s global cryptocurrency exchange. The consequence of this would be an enhancement of the profitability of their involvement in the diamond industry. The very practice of trading in cryptocurrency brings new energy into the market while visibly reducing the opaqueness attached to it.

Although there is much to hope for regulation in cryptocurrency, the traders at Diamante will be allotted a digital wallet and listed after thorough due diligence and stringent vetting. This covers KYC stages, verification of adherence to AML laws, and the Kimberly Process.

Way forward for blockchain in the diamond industry:

The diamond industry is fraught with challenges, and the introduction of a decentralized, immutable, easy to access blockchain ledger can address most of them. Simultaneously, cryptocurrency and its trade on exchanges such as the one provided by Diamante invigorate the diamond market, bringing in more investment without having to buy and sell diamonds themselves.

About Diamante Blockchain Consortium:

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. The consortium 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 Consortium promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.

The Diamante Consortium 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 consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and USA Patriot Act.

Diamante Blockchain Consortium uses DIAM – its native digital asset – to carry out transactions and trade in its blockchain network.

Source:https://markets.businessinsider.com/news/stocks/diamante-blockchain-authenticates-ownership-and-credibility-of-diamonds-1027924786

Diamante And DMG Productions To Bring Focus On Blockchain In The Diamond Industry

Diamante Blockchain Consortium set to launch into mainstream media with a DMG Productions collaboration.

Diamante Blockchain Consortium – a pioneer in incorporating Distributed Ledger Technology in supply chain management in the diamond industry – is all set to conglomerate a wider audience’s attention through collaboration with DMG Productions. The project will hit the floor in the first quarter of 2019, and the segment is speculated to be broadcast in the second quarter via CNBC.

Blockchain is a technology that has been making waves across various industries, finding a strong footing in finance, insurance, online gaming, automobile manufacture, and trade sectors. By implementing blockchain to build its infrastructure, Diamante has made the diamond industry the next big sector to see this innovation play a significant role in its operations. The decentralized, digital ledger is extensively utilized to manage supply chains and value chains in the gem and jewelry industry. In the diamond industry, specifically, it has helped instill trust in and authenticate the source of diamonds, which are often mined illegally in civil conflict areas. Blockchain has made provenance tracking of precious stones more efficient, reducing the scope of the fraud.

With Diamante Consortium, blockchain has ventured beyond providing just transparency in the supply chain and created a secure ecosystem for trade and transaction, validated by smart contracts. Members of the consortium are positioned to enjoy several benefits, such as acquiring a credit line by simpler methods and the opportunity to network with potential buyers, sellers, and partners in a unified marketplace. It executes transactions in its blockchain network using DIAM –its native digital asset.

Diamante’s collaboration with DMG Productions is a benchmark in its roadmap, indicating the growing popularity of the diamond consortium. The award-winning producers behind Advancements with Ted Danson will focus on advances in technology in the diamond industry. The Advancements series is an information-based educational show that brings recent advances across numerous industries and economies. Its goal is to spread awareness on cutting-edge developments with the vision to enlighten about how technology and innovation continue to transform our world.

About Diamante Blockchain Consortium

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. The consortium 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 Consortium promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.

The Diamante Consortium 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 consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and USA Patriot Act.

Diamante Blockchain Consortium uses DIAM – its native digital asset – to carry out transactions and trade in its blockchain network.

Source:http://www.prweb.com/releases/diamante_and_dmg_productions_to_bring_focus_on_blockchain_in_the_diamond_industry/prweb16061215.htm

Diamante Blockchain Set To Expand Its Consortium To Antwerp

Diamante Blockchain Consortium provides a platform to the world’s top diamond hub, bringing transparency and enhanced accountability to the industry.

Antwerp is one of the top diamond hubs globally, generating an annual economic turnover that exceeds $54 billion. Home to over a thousand diamond companies, Antwerp’s diamond industry is implementing blockchain technology to bring greater accountability and transparency to the sector. This trend sees many of these enterprises join Diamante Blockchain Consortium – the fastest-growing diamond consortium in the present day.

Belgian Diamond Industry Overview

The Belgian diamond industry is concentrated within a section of Antwerp called the Square Mile. There are currently over 380 workshops in this area that provide services to over 1,500 companies. They are joined by 3,500 merchants, brokers, and cutters who support the Belgian diamond industry. Approximately 84% of the rough diamonds mined around the world each year make their way through Antwerp.

However, a declining trend in polished diamonds has been noted in the past five years. For example, in 2017, $22.5 billion worth of polished diamonds amounting to 10.7 million carats were traded from the Antwerp diamond market. This number was made up of export of 5.6 million carats of polished diamonds and import of 5.1 million carats of the same, valued at $11.1 billion and $11.4 billion respectively. Although the amount seems quite large, compared to 2016, it actually indicates an overall slump of 7% in volume and 3% in value.

Problems facing the Antwerp Diamond Industry

Despite the noteworthy revenue raked in, Antwerp diamonds have a marred reputation that makes the Antwerp diamond exchange not a very trustworthy source to purchase diamonds from. This is attributed to the plethora of disreputable and unethical business practices that could end up scamming consumers. This reputation is also recognized as one reason that has led to a sharp drop in the export of polished diamonds from the Belgian diamond industry. This decline is most apparent from 8.4 million polished carats exported in 2011 to much less 5 million carats in 2017.

Diamante Blockchain Consortium instills trust in the Antwerp diamond industry.

Antwerp’s leading diamond enterprises have recognized the massive potential of blockchain technology to bring transparency to the diamond industry. They have viewed participation in the Diamante Blockchain Consortium as the quickest way to implement it. The consortium – built on distributed ledger technology – enables the provenance tracking of diamonds and provides details of each registered diamond, including its center of cutting, polishing, certification, and retail sale.

The blockchain network prevents fraudulent activities by keeping a permanent record of all the transactions within the network, validated by smart contracts. Confidential data relating to this consortium’s various clients and members are also protected in this tamper-proof ledger.

Diamante Consortium has set high standards in its ethical concern determined by the decentralized nature of the underlying technology. It also complies with Kimberly Certified norms, Anti-money laundering (AML) regulations, and the USA Patriot Act to guarantee every diamond’s authenticity in its network.

The future of blockchain in Belgium is bright, evinced by the recently organized blockchain summit in Brussels. The country is gearing up to implement the technological innovation across industries, and the diamond industry is clearly one that stands to benefit most from it.

About Diamante Blockchain Consortium

Diamante Blockchain LLC, the USA-based diamond consortium, is your one-stop destination if you are looking for result based diamond supply chain management. The consortium 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 Consortium promises its clients and members complete transparency, assured quality, and cost-effectiveness in trade and transactions within its network.

The Diamante Consortium 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 consortium operates in compliance with Kimberly Certified norms, Anti-money laundering (AML), and USA Patriot Act.

Diamante Blockchain Consortium uses DIAM – its native digital asset – to carry out transactions and trade in its blockchain network.

Source:https://www.benzinga.com/pressreleases/19/01/r13013634/diamante-blockchain-set-to-expand-its-consortium-to-antwerp

Diamante Blockchain Diversifies Trade In Diamond With Cryptocurrency And Blockchain

Diamante’s plan to introduce digitized assets into the global diamond exchange promises to revolutionize trade in the gem.

The gem and jewelry industry is one of the oldest globally, and diamonds are probably the most coveted precious stones in the market. However, the sector has been mainly run on not-very-transparent traditional ways and sustained by backroom handshakes. Marked by minimal documentation, these two traits have presented diamonds as a favored vehicle for financing crime and laundering money. Diamante – a global diamond consortium powered by blockchain technology –is ready to launch their native asset, DIAM, to bring trade-in diamonds one step closer to encrypted digitization to mitigate some of the challenges afflicting the diamond industry.

The process of producing a diamond – be it gem-quality or the sort suited more to industrial purposes – sees the rough stone extensively travel from one part of the planet to another, with multiple stops in between. It could be sourced in Canada, Australia, Russia, Botswana and South Africa, stop to be cut and polished in India, Israel and China, set in jewelry in Hong Kong and the USA, and finally be sold all over the world to contribute to a market worth 80 billion dollars. The trade-in diamond is, in a nutshell, global.

This brings into the equation a voluminous change of hands in currency, documentation, verification, and money transfers through traditional institutions. Together, the process could span days, costing investors millions of dollars.

Transferring the operations such as tracking the gems’ movement on a supply chain, keeping a tab on the exchange of documents and verifications of transactions on a decentralized, immutable digital ledger would provide the industry with reliability and accountability, which is till now lacking. The Diamante Blockchain network sees participation from different diamond sectors – including mining companies, manufacturers, retailers, and end customers.

Since it is not easy to convince traditionally conservative players to adopt new technology, the switch is incentivized. Participants of the diamond consortium will be able to purchase and trade with DIAM, create and list their own crypto coins on Diamante’s global cryptocurrency exchange, and therefore enhance the profitability of their involvement in the diamond industry. The very practice of trading in cryptocurrency brings new energy into the market while visibly reducing the opaqueness attached to it.

Employing cryptocurrency also circumvents the tedious and time-consuming process of dealing with the standard mode of payment through multiple stages of processing and regulations in banks. Diamond consortiums like Diamante attract investors because payments made on a blockchain network using cryptocurrency are much quicker. Because of the elimination of intermediaries and agents, low on cost. 
Although there is much to hope for regulation in the realm of cryptocurrency, the traders at Diamante are given a digital wallet and listed after thorough due diligence and stringent vetting. This covers KYC stages, verification of adherence to AML laws, and the Kimberly Process.

The diamond industry is fraught with challenges, and the introduction of a decentralized, immutable, easy to access blockchain ledger can address most of them. Simultaneously, cryptocurrency and its trade on exchanges such as the one provided by Diamante invigorate the diamond market, bringing in more investment without having to buy and sell diamonds themselves.

Source:https://markets.businessinsider.com/news/stocks/diamante-blockchain-diversifies-trade-in-diamond-with-cryptocurrency-and-blockchain-1027678984

Stay Connected

Email verificationX
Email verificationX