OVERVIEW OF DIAMOND INDUSTRY
- The Diamond market is an extremely large potential market. Diamonds are not only used in the Fashion and Jewelry industry, but also play a huge role in all manufacturing industries, with annual sales of several tens of billions of dollars.
- The increased visibility of the products and the adoption of a cryptocurrency will help diamond dealers at all levels to increase their market share.
- At the same time the transparency of the entire process and the authenticity of diamonds will instill confidence in both the first and the last diamond investor .
- The absence of middlemen and reduced transportation and other related costs, will allow for highly competitive prices.
- Before addressing the topic of a diamond blockchain one must first understand the conventional way in which the diamond trade has operated. The entire diamond trade has for many decades functioned in a closed environment. Interestingly, a consumer had no way of knowing the actual price that the initial seller had fixed.
- The above related to the conventional way in which diamonds have historically traded and demonstrates the necessity for a change. CERESGLOBAL is on track to making radical change revolutionizing the way diamond trading is currently conducted.
- Here is the concept of a diamond blockchain, envisaged by CERESGLOBAL a pioneer in this field. The concept of a blockchain is extremely technical, so we will try to keep this overview as simple and easy to understand as possible.
- Blockchains are composed of a number of nodes, each node is as important as the other for the proper function of the system. Any transaction that is initiated on any of the nodes is updated on every other node. In the technical sense, such a distribution of data creates a base that is almost impossible to penetrate or hack.
- In the context of a diamond blockchain, a diamond dealer could upload data related to his certified diamonds on to the blockchain. Detailed information about each diamond would be recorded. This would form a permanent record of the stone and no alteration to the recorded information could be done by anyone. This tamper proof record would be visible to all members on the blockchain. A prospective buyer could pick the entire information as disclosed by the seller, hence, no middlemen and no cloaked price tags.
- CERESGLOBAL is reliable and fast. The idea is to make the entire operation transparent to the seller and buyer. The technological wonder efficiently performs its critical function in the background. In due course of the project, services related to the transaction like shipping and insurance, will also use the same platform.
- A sale and purchase transaction on the diamond blockchain will require a payment option. The CERESGLOBAL platform includes a crypto currency, utility coins will be used to pay for diamond purchases and related expenses.
- It’s important that diamond blockchains be supported by a team of technical experts and seasoned diamond industry professionals. CERESGLOBAL has attracted some of the finest talent in both the technical and diamond fields giving them an edge in the diamond blockchain field.
Attraction of SOCTF Electronic Stocks
- SOCTF is considered by experts to be a jewel in the financial industry in 2021, because it is not only supported by the Ceres Global group with more than 50 years in the jewelry and gem business, but it is also supported by Blockchain believers.
- It can be said that this move of the Ceres Trust Fund is a very bold step, and also a step that promises to bring extremely positive results to the financial market in early 2021.
- To be exact, with this strategic move, the Ceres Investment Trust is giving investors an opportunity to bring diamond value. DO NOT forget to subscribe your youtube channel to get more great news the soonest.
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