GLITZKOIN seeks to leverage blockchain, smart contracts, and machine learning to reduce risk and fraud for banks, insurers, and open marketplaces in the diamond industry. The team claims to provide an ecosystem, viz. a supply chain solution, tracking & certification, and ’DiaEx’, a decentralized exchange for the trade of diamonds (and related services).
The team aims to decentralize storage of records and eliminate fraud of diamond trading. Establishing diamond exchange market on blockchain.