Certified Diamond Coin is a stable coin used as a security token that fulfills the role of reserve currency as and it is considered a derivative. Diamond Network platform will employ blockchain alongside artificial intelligence to create stability in the Crypto currency market. The platform is mainly dedicated to providing a suitable solution in the diamond market that will be traceable, reliable and responsible. There is no doubt that Diamond market is faced with a lot of challenges such as the high demand that cannot be met following the fact that most of the largest mining stations in the world, such as Zimbabwe and Russia closed down and there are more couples who are looking for engagement rings. This has led to counterfeit diamond products in the market that has really affected the Diamond market a great deal.
To offer a proper solution for this problem, Diamond Network platform is establishing a Digital Diamond Database as well as Gemstone Origin verification service alongside SCS Global services which are believed that will link back to any mine. This will be possible once the SCS will have acquired the right of using laser technology.
This concept will be supported by sophisticated proprietary software that is based on artificial intelligence. Its main purpose will be finding out the Diamond DNA of each mine across the world. It is worth mentioning that through the Diamond Network alongside the Digital Diamond Database, the platform has managed to test about 50,000 diamonds from 7 mines. This move will enable those people who are into diamonds market know and understand the origin of the jewels that they are selling. ‘It is also important to mention that the origin verification has a close connection with the database development and in most cases, it is normally offered as a service for the DPT token holders.
This Network is going to assemble all the Diamond samples from across the world to set up the baseline for each one of the mines in the world. This move will see the Network creating a digital DNA library in the Database which will enable Diamond investors to trace back to mine every diamond in the world. For instance, they will be able to identify where their diamond is coming from. For example, if it were mined in a mine in Russia, it will be easy to say so. Having mentioned this, in case of any problem whatsoever, it will be easy to handle the case.
Understand some of the features of the Gemstone origin verification service
- One physical library will be constructed
- Gem tested is allowed to be listed in the marketplace.
- Origin tested Diamond will add a value of up to 20%
- The digital as well as physical gemstone certificate will be issued after the testing the diamond and added to the Database.
- Testing will prove provenance hence maximizes certification as well as the value of the diamond jewelry
- This project can be developed in a legal certification center such as DNF
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