De Beers to Guarantee Diamond Purity via Blockchain

The company aims to verify the authenticity of diamonds using blockchain technology
16 January 2018   1770

De Beers, an international corporation that specialises in Mining and trading of diamonds, aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday.

The company aims to verify the authenticity of diamonds and ensure they are not from conflict zones where gems could be used to finance violence using blockchain technology.

De Beers began its pilot project this month after several months of research, responding to a rising number of customers wanting guarantees diamonds had not been used to fund conflicts.

It’s a huge public ledger as immutable as anything invented. It’s a much more un-hackable system than anything on a single server. Blockchain has the ability to be very significant for the industry.

 

Bruce Cleaver

CEO, De Beers

According to the company, the project will be the first to span the entire value chain and it will be open to everyone in the industry and will offer the potential for monitoring each stone.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.