Auctioning the Value of Blood, Tears and Sweat smeared in the Diamond_ GLITZKOIN

“Shining bright like a diamond… Shining bright like a diamond” No wonder you read the above sentence in Rihanna’s voice (famous female singer). From the earliest ages of human history, the word “Diamond” owned a very high value. The reason for that is a special ionic structure of the diamond has given a unique properties and eye catching qualities of the diamond. But do you think the quality alone governs this higher value?
No, it’s not.

The diamond market has been a very centralized market from its beginning. Middleman such as brokers and service providers has always played the main Influencing role of in the market prices. Latest records say that more than 10,000,000 people are employed in this industry. There are many procedures in the process of a diamond such as Exploration diamonds, Mining diamonds, Sorting diamonds, Cutting & Polishing diamonds, Retailing diamonds etc.,.

The largest percentage of the employed people counted as workforce behind a shining diamond and Others can be categorized as the middlemen. Most of the workforce sells their blood, tears and sweat to earn some money for their hunger. Even they gained serious losses, they have no solution rather than doing what they’ve always been skilled at. Truth fact is that the above mentioned small percentage getting the higher profits.

But a new change has begun. The GLITZKOIN has started its career by disrupting traditional methods and transforming supply chain of the diamond industry to the Blockchain. There will be no more payments for the guesses of middle trusted parties, GLITZKOIN has introduced a trustless environment for all the transactions, through the blockchain while giving a maximum trust to the transactions. Another thing is no more intermediate paperworks are needed in the transactions. So cost and time wasting for those activities can be saved by using smart contracts technology.

As above mentioned there are tons of advantages in the implementation of the GLITZKOIN. Among them the most important fact is decentralization the Diamond industry. Due to that anyone can buy and sell diamonds without an intermediated trust. On the other way GLITZKOIN enables tracking of diamonds through their value added journey because of that even thieving has been 100% stopped in the platform. With this decentralized GLITZKOIN market anyone from any country, any region can buy diamonds. Because of that market price will be competitive. The higher percentage of the employees in the industry will be benefited from any profit. Blood, tears and sweat of the poor will have the worthiness they deserved.

GLITZKOIN deserves worldwide attention because of It’s service among poor and rich. Mining companies to retail customers can participate in this decentralized auctions from home. Even first time diamond buyer can buy diamonds through this platform because the transparency of the whole process will increase their confidence. GLITZKOIN is consist with following qualities Network Security, Identity Security, Safety of Privacy etc. At the first phase GLITZKOIN will introduce following 3 services, For more information please use attached linked at the end of the article,

GLITZKOIN Wallet GLITZKOIN API

GLITZKOIN Merit Engine

Originally published at steemit.com on May 25, 2018.