Global Commodity Exchange To Use Blockchain For Trading Diamonds

[andrzej.srankiewicz]

The world’s first commodity exchange for physically settled diamonds, the Singapore Diamond Investment Exchange, has announced that it will be using Blockchain technology for diamond authentication, data archiving, and trading.

According to an announcement, Singapore Diamond Investment Exchange (SDiX) has partnered with Kynetix, a physical commodity digitisation expert, and Everledger, a supplier of blockchain infrastructure, to complete the first part of a Proof-Of-Concept of a blockchain-based authentication and secure record-keeping service for trading diamonds on a global commodity exchange.

Read the full article: https://coinidol.com/blockchain-for-trading-diamonds/

[davidmccoy]

It is a positive step to link the virtual market with the physical commodities. It will help BTC market to grown further into real trading world.