BlockchainGlobal StandardsMarket

Blockchain Initiative to Create Transparent Jewellery Ecosystem

IBM Corporation logo. (PRNewsFoto/IBM Corporation)

IBM and a consortium of gold and diamond industry leaders have announced a cross-industry initiative to use blockchain to trace the provenance of finished pieces of jewellery across the supply chain for increased transparency. Asahi Refining (precious metals refiner), Helzberg Diamonds (U.S. jewelry retailer), LeachGarner (precious metals supplier), The Richline Group (global jewellery manufacturer) and UL (independent, third party verification) are launching the TrustChainTM Initiative, powered by the IBM Blockchain Platform, delivered via the IBM Cloud.

TrustChain is initially tracking six styles of diamond and gold engagement rings on the blockchain network. As the program continues to develop, Trustchain™ jewellery is expected to be accessible to consumers in participating retail stores by the end of 2018.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.