What do you know about blockchain for business?
A blockchain is the structure of data that represents a financial ledger entry, or a record of a transaction.
Each transaction is digitally signed to ensure its authenticity and that no one tampers with it, so the ledger itself and the existing transactions within it are assumed to be of high integrity.
The blockchain technology has made inroads into many businesses including diamond trade, hitherto a very closed and secretive enterprise.
The anonymity of diamonds could end with this cutting-edge innovation - the best way to add security, accountability, and transparency.
The blockchain can be used to track diamonds from the mine to retail in order to enhance consumer confidence and public trust
“Blockchain is a passport for a diamond like an ID for a person. You can fake a passport but blockchain literally remains carved in stone”, says Vladislav Reger, CEO of Reger Diamonds, our company that has been trading in diamonds for more than ten years and recently launched an ICO with its unique RDS token.
Unlike other tokens it is backed up by company’s assets in gemstones and is soon to be listed on cryptocurrency exchange.
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