De Beers to Guarantee Diamond Purity via Blockchain

The company aims to verify the authenticity of diamonds using blockchain technology
16 January 2018   1267

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.

Texas to host BitBlockBoom conference

Bitcoin, blockchain and cryptocurrency conference BitBlockBoom will be held on July 14 - 15 to discuss the disruptive technology
19 May 2018   39

Bitcoin, blockchain and cryptocurrency professionals are going to convene in Irving, TX on July 14 through July 15. Brightest minds in crypto will be talking about the true meaning of Bitcoin, the promise of a distributed ledgers, and the potential of decentralization. First wave of speakers are as follows:

The conference will be held at the Study USA. Here is what the event says about itself:

Invest in yourself. Learning about cryptocurrency today is like learning HTML in the 1990s. With the proper training you can have a career spanning decades. With the proper knowledge you can avoid scams and discover opportunities to prosper in this new industry.

The event is sponsored by Crypto Unicorn Money. To learn more about the event, you can visit the official page here.