Nanda Crypto: Glitzkoin — PIONEERING THE DIAMOND BLOCKCHAIN

The idea of Glitzkoin is to ensure the transparency and simplicity of the diamond industry. It unites the traditional diamond industry with the newest decentralized system of Internet values. Estimates will no longer be met by guesswork.

GLITZKOIN seeks to transform the diamond industry by reducing barriers, strengthening coordination and building confidence in cross-border transactions for the diamond industry.

High-performance block chain, which provides a win-win trading platform for buyers and sellers of diamonds. Detailed records are stored in an environment protected from unauthorized access.

Blockchain and crypto currency technologies are transforming the world, and the diamond industry is no exception. Despite some nascent efforts, no single diamond-oriented ecosystem has been designed to cover the various problems that the industry faces. The need for transparency, visibility and objectivity in the diamond industry was felt many decades ago. The need for human contact with a person when processing the purchase or sale of diamonds limited the size of the market. GLITZKOIN focuses on integrating the best features of the traditional diamond industry with the utility and functionality of the latest blockchain technology

The supply chain of diamond jewelry (known as a diamond pipeline) is the process that brings diamonds from the earth to consumers. It has several different stages:

Vision

The vision of GLITZKOIN for the diamond industry is described below. GLITZKOIN strives to build an open ecosystem based on the block system for the diamond industry, where it is possible to coordinate and coordinate all the diamond trade.

GLITZKOIN FOR DIAMOND INDUSTRY

They use the latest blockchain technology in the supply chain of the diamond industry. This opens up a new platform for global diamond trading. In addition to reducing the costs associated with the transaction, GLITZKOIN eliminates the inefficiency inherent in processing transactions on paper. A set of advanced functions is implemented to provide a very complex and detailed ability to track diamonds. The goal is to decentralize the diamond market, which will significantly expand access for buyers and sellers of diamonds. The diamond trade requires additional support services, such as shipping, finance and insurance. These services will be provided by individual service providers.

MARKET TRENDS AND POTENTIAL

There is no doubt that the implementation of GLITZKOIN will increase the market coverage of the diamond industry. Increased visibility of products and acceptance of the crypto currency will allow diamond dealers at all levels to increase their market share. At the same time, the transparency of the whole process and the authentication of diamonds will promote confidence in both professional and new diamond buyers. The absence of intermediaries and a reduction in transportation costs and other related costs will allow for high competitiveness of prices.

OBJECTIVES AND FUNCTIONALITY OF GLITZKOIN

Integration of the latest blockchain technology into the supply chain of the diamond industry

-Global trading platform, using blockchain technology, aimed at increasing the cost of transportation, lack of visibility and inefficiency in paper processes

-Connection of all shareholders from mining companies to retail customers

Global Diamond Track and Trace

-Black chain tracking for certified diamonds

-Recording of attributes, origin and history of each diamond

- Preventing theft by authenticating and tracking a diamond

-Track the stones throughout their value-added journey

-Decentralized trading place for diamond trade

-To facilitate futile deals between diamond traders

-Allow anyone to buy and sell diamonds

-Support auxiliary services, such as shipping and insurance of diamonds, performed by third-party suppliers

-Easy reduction of time required for settlements on trade transactions

-Open ecosystem

-Connect jewelry stores, connect Rap Net and IDEX, Connect Mining & Polishing, etc. API

PARTNERSHIP WITH THE COMPANY Stellar

GLITZKOIN is a proud contributor to the Stellar community committed to promoting open source collaboration and working together with the brightest minds in the space of the blockbuster.

GLITZKOIN OPEN ECOSYSTEM

GLITZKOIN Ecosystem is a set of unleashed services that work in tandem to provide an unhindered experience for diamond merchants, buyers, sellers and other interested parties. It also allows developers to create new and innovative applications.

Wallet GLITZKOIN

The coin management platform helps users and developers view the coins, transaction history and even subscription contracts. Developers can also see cumulative payments and other user information.

API GLITZKOIN

API GLITZKOIN plays a key role in GLITZKOIN. The API can be used to access various services offered by GLITZKOIN. Developers are responsible for implementing the GLITZKOIN API in their website or mobile application.

GLITSKOIN Honored Engine

Once the ICO is completed, EME will begin to operate. This is a fair, pre-determined mechanism that decides when and how to reward coins to the community.