The Swiss company Richemont, which includes the Cartier brand, intends to use the blockchain to track the supply of diamonds. The use of this technology will reduce the risks associated with the activities in the diamond industry. The consultant will be the Chinese blockchain startup Ultrain. It is reported by CoinDesk. According to Gina Kyu, a member of the Board of Directors of Richemont, blockchain will allow to control the “parallel importing”, tracking thefts and frauds when transporting valuable goods. Recall that in April this year, a number of mining companies joined the IBM blockchain project, which allows to track the origin and supply chain of diamonds and gold. Participants of the TrustChain blockchain platform will be able to create and update records about the origin and movement of precious metals and stones. The project includes Berkshire Hathaway Richline Group, Asahi Refining, LeachGarner, Helzberg Diamonds and service provider in the field of safety techniques – UL. |
