Glitzkoin - Pioneering the Diamond Blockchain
Blockchain Blockchain technology and Crypto currencies are transforming the world and the Diamond industry is no exception. Despite some nascent efforts, no blockchain ecosystem focused on the diamond industry has been designed that encompasses the various issues faced by the industry.
The need for transparency, visibility and objectivity in the diamond industry was felt many decades ago. The need for person to person contact when processing a diamond purchase or sale, limited the size of the market. GLITZKOIN focuses on integrating the best features of the conventional diamond industry with, the utility and functionality of the latest blockchain technology.
DIAMOND INDUSTRY
Diamonds are one of the world’s, and specifically Africa’s, major natural resources. An estimated US$15 billion worth of rough diamonds are produced per year, of which approximately US$8.5 billion are from Africa (approximately 65%). The diamond industry employs approximately ten million people around the world, both directly and indirectly, across a wide spectrum of roles from mining to retail. Global diamond jewelry sales continue to grow, increasing three-fold in the past 25 years, and are currently worth in excess of US$79 billion every year.
The diamond jewelry supply chain (known as the diamond pipeline) is the process that brings diamonds from the earth to consumers. It has several different stages:
VISION
This document outlines GLITZKOIN’s vision for the diamond industry. GLITZKOIN seeks to build a blockchain based open ecosystem for the diamond industry where all the trade in diamonds can be conducted and coordinated.
GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in the diamond and precious stone industry. We provide a full ecosystem for the diamond industry from a supply chain solution, to tracking & certification of diamonds and finally a decentralized exchange for the trade of diamonds and related services.
GLITZKOIN UTILITY FOR THE DIAMOND INDUSTRY
We incorporate the latest blockchain technology into the supply chain of the diamond industry. This opens up a new platform to conduct global trade in diamonds. Besides reducing the costs related to a transaction, GLITZKOIN eliminates the inefficiencies that are inherent to paper based transaction processing. A set of advanced functions are implemented to provide a very intricate and detailed, diamond tracing and tracking capability. The objective is to decentralize the market place for diamonds, this will vastly open up access for buyers and sellers of diamonds. The diamond trade does require additional ancillary services like shipping, finance and insurance. These services will be provided by separate service providers. The GLITZKOIN Project will only integrate them in the platform and not be charging any commission or brokerage for such third party services.
MARKET TRENDS AND POTENTIAL
There is no doubt that the implementation of GLITZKOIN, will increase the market reach of the diamond industry. The increased visibility of products and the acceptance of a crypto currency, will make it possible for diamond dealers at all levels to increase their market share. At the same time, the transparency of the whole process and the authentication of the diamonds, will instill confidence in both professional and first time diamond buyers. The absence of middlemen and a lowering of transportation and other related costs, will allow for highly competitive pricing.
TOKEN SALES
The minimum buy amount is 100 USD if payment is made through any of these Crypto Currencies - Bitcoin (BTC), Ether (ETH) and Stellar (XLM). For payment made through Bank Transfer, the minimum buy amount is 10,000 USD.
TEAM
OLGA ROSINA - Diamond Specialist
Olga has been a diamond industry veteran for over 20 years. She has worked with giant diamond mining companies, Alrosa and Gokhran. Both these operations are owned by the Russian government. She holds a Masters’ degree in Management and Informatics along with a diploma in Nuclear Power Plant Management. Olga was a winner of several Russian Beauty Queen titles in the late 90s.
SHASHANK AGARWAL - Head of Technology
Linkedin: https://www.linkedin.com/in/shashankag/
A blockchain expert with over 10 years of experience in the technology industry. Shashank is also well versed with web and cloud based applications. His extensive experience covers businesses across UK, UAE and India. Besides being a qualified engineer, Shashank also has a MBA qualification from the Imperial College London.
SOFIA FISCHER - Head of Marketing
Linkedin:
Sofia's experience within the dynamic world of crypto currencies began in 2014, when she made her first investment in bitcoin. That instinct has served her well in gaining insights into how to manage and promote a diversified portfolio of crypto currencies. In her role as Head of Communications with GLITZKOIN, Sofia's specialities are media relations, content creation and media training. She has a Bachelors of Arts degree in Communications & Designs. Prior to this she has consulted on a number of marketing campaigns for leading tech firms, which also included planning and training the clients in the areas of social media and PR campaign planning.
LILA HUSSAIN - Head of Business Development
Lila has 23 years of experience providing fiscal, strategic & operations leadership. She was general manager of the Lima Airshow, Biggest Airshow in South East Asia for over 14 years. She does a lot of social work and is on the Board of various Human Rights and Women Entrepreneurship organizations.
DATO ALIA HM JALLY
PR and Media Relations
With two decades of experience in the high profile marketing and PR industry, Dato’ Alia HM Jally has handled projects for Malaysia’s biggest business houses. Dato’ Alia has branded and marketed products on every media channel including, TV and social media. After having started her career with leading global PR firm Edelman, Dato’ Alia drew experience from a host of Malaysian branding and marketing houses. She is today the COO of The Week Folk Entertainment SdnBHd.
DINESSHWARAN YOOGAN - Marketing Manager
Leveraging his experience in international trade and business communication, Dinesshwaran Yoogan, heads the GLITZKOIN marketing arm in Malaysia. With an excellent grasp of blockchain applications and the operation of crypto currency, Dinesshwaran has been instrumental in drawing the attention of Malaysian CEOs and government decision makers to the GLITZKOIN project. On the academic front, he holds a qualification in Banking and Finance from the Victoria University at Sunway.
JATINDER KUMAR - Digital Marketing
Jatinder is a qualified MBA and a serious fan of the crypto world. The GLITZKOIN ICO has drawn tremendous interest from the diamond industry and crypto experts. Jatinder speaks and understands the language of the crypto generation fluently. His experience in Digital Marketing, will ensure that community communication channels are updated and responded to promptly. Communication with crypto exchanges and ICO listing boards are an important part of crypto space and Jatinder, will be the liaison point between these operators and GLITZKOIN.
ADVISOR:
NAVNEET GOENKA
Coming from a family that has been closely connected to the global diamond industry, Navneet Goenka brings two decades of invaluable experience to the GLITZKOIN advisory board. He has a thorough knowledge about the supply and demand sides of the 90 billion dollar industry and has been instrumental in identifying critical deficiencies and inefficiencies, that are pulling the industry into stagnation. These inputs define the core objectives of the GLITZKOIN diamond blockchain and crypto currency project.
MIKHAIL KOZLOV
Leveraging his strong business acumen and thorough knowledge of finance and economics, Mikhail Kozlov was one of the contenders for the post of President during the last elections in the Russian Federation held in March 2018. He is also an active participant in high profile television forums where he, shares his expertise in business management and managerial resource development. Mikhail Kozlov spearheads the business plans of GLITZKOIN in Russia.
DATUK MAT RABI ABU SAMAH
Retiring as the Chief Of Staff in the Malaysian Armed Forces, Vice Admiral Datuk Mat Rabi Abu Samah ( Retd) has over the past decade, played a significant role in shaping the Malaysian corporate landscape. He is an alumni of the IMD in Switzerland and has served on the boards of Khazanah Nasional, Langkawi Tuna Berhad and Wilhelmsen Ship Services. Datuk Mat Rabi Abu Samah, is currently the Director of BHIC BOFORS ASIA SDN. BHD. With the public and private sectors in Malaysia, showing a high degree of interest in the GLITZKOIN project, we are honored to have the Vice Admiral (Retd.) on our advisory board.
PAOLO ALBERTELLI
With more than two decades of expertise in crafting fine jewelry, Paolo Albertelli is a well known personality in his profession. He has always shown a keen interest in new technologies related to jewelry production and has played, an active role in promoting the Italian jewelry industry. Paolo has partnered many developmental projects that, aimed at bringing technology to lift, fine Italian jewelry to the next level. Some of these projects have now developed into patented processes and equipment. His profession and passion to share his knowledge and expertise, has taken him to over 50 nations. He continues to attend global jewelry shows across the globe as an invitee.
MORE INFOMATION:
Website: https://glitzkoin.com/
Author: Nyosop
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