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De Beers to launch first diamond blockchain; here's how it will work

De Beers to launch first diamond blockchain; here's how it will work

De Beers has roped in many industry players to make Tracr, which will work on Etherium blockchain technology. This could bring around 60 per cent of India's informal diamond industry on one platform.

Internet of Things is everywhere. From bootstrap start-ups to unicorns, everyone is leveraging the concept. One more addition to this could be Tracr, a blockchain-based platform built by UK-based diamond mining and trading company De Beers, where diamonds, small or big, will be tracked from the mining stage till the product reaches a retail store.

Source: https://www.businesstoday.in/current/corporate/de-beers-blockchain-based-tracr-to-integrate-all-diamond-businesses-on-one-platform/story/280941.html

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