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| Bitcoin blood diamond | These supply chain vulnerabilities are exploited by the trade of conflict diamonds. This new initiative tracks the whole process, from mining to certification, in real time. Many believe the process could be more effective, including the diamond giant De Beers. The De Beers Group, which owns over 30 percent of the diamond market, has recently announced its intent to pursue blockchain tech. The Kimberly Process is a certification scheme, their original initiative was revolutionary in the sense that it created an awareness of the extreme corruption which had taken place; however, there were still many loopholes in the system. |
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BTC DUMPING!! MARKET CIPHER BLOOD DIAMONDS DON'T LIE!!By leveraging blockchain, the diamond sector can ensure that its products have been ethically sourced and are free from the taint of conflict. Across the world's troubled spots, resource wars and economic crises are being fuelled by a new kind of high-tech �blood diamond�. Speaking at 'The Facets ' conference held in Botswana, Masisi identified that blockchain can help show that diamonds sold have been sourced.
