Review Of Glitzkoin

Diamond is the solidified form of carbon with a cubic crystalline structure. Diamond is metastable at room temperature and pressure. The only stable form of diamond is graphite, though diamond can never be converted to graphite.

"The Heart Of A Woman" as Diamond is called in some parts of the world, is a precious metal that anyone can do anything to possess, though very expensive. Depending on how well the diamond is cut, 1 carat piece of diamond is worth about $10,000.

PROBLEMS IN THE DIAMOND INDUSTRY
The industry is very robost with steady trades and the rich using diamond to store their assets. The application of diamond in producing other ornaments have been beneficial to the world, but the eminent problems within the industry are of great concern. These problems are itemised below:

Cost of diamond is very expensive for an average man to own.
Transaction charges is very high.
Lack of trust between the dealers before, during and after the transactions.abive
Keeping of transaction ledger on paper is not secured as it can be eaaily tampered with by fraudsters and thieves.

Respect to the above mentioned problems, there is an urgent need for a system that will enhance transparency, security, openness and objectivity in the rare gem industry. Several other companies came up with different solutions but none was effective in providing lasting soltuions needed in the industry.

GLITZKOIN is a universal institute that adopts powerful emerging technologies such as Blockchain, Smart Contracts and Artificial Intelligence, to help clip risks and frauds for banks, insurers and open markets in the diamond and precious ornaments industry. Glitzkoin provides a complete community for the diamond industry from a supply chain solution for monitoring and authorization of diamond, and finally a decentralized platform for diamond trading and related services.

GLITZKOIN SOLUTION
To provide a lasting solution to all the problems in the diamond industry, Glitzkoin is adopting three module components:

A. Decentralized Exchange
GLITZKOIN introduces a universal platform that help to connect dealers in the current diamond industry and innovative financial trades led by cryptocurrencies. With a broad knowledge of the industry, Glitzkoin is designed to pioneering change: allowing people to liquidate and invest in diamonds like any other financial asset, all in a transparent and secure environment. The GLITZKOIN diamond platform allows users to invest in unit diamonds, shares of a high value stone like an ETF.

Traders can have complete confidence in buying and selling, even without prior knowledge of the diamond trade. With the decentralized nature of the ecosystem, the artificial intelligence algorithm and blockchain technology, evaluates the price of a diamond sale, the value of any diamond listed in the Exchange is completely transparent; liquid because it creates a bilateral market by improving both supply and demand and standardized because GLITZKOIN creates a single reference value, a rate and an intelligent contract for each stone.

B. Global Diamond Track and Trace
GLITZKOIN creates a global and digital ledger that tracks and protects valuable resources of the client throughout his lifespan. Glitzkoin would collate the defining features, origin and ownership of a resource to create a fixed record in the blockchain. This digital fingerprint will be used by all shareholders along a supply chain to verify authencity and form its origin.

Tracking based on the blockchain for certified diamonds records the attributes and origin of each stone. This vital detail is readily available to anyone who wants to verify the authenticity of a specific diamond, which ensures theft prevention. Buyers would show a great preference for authenticated diamonds. In addition to identifying diamonds, the GLITZKOIN platform will also allow you to trace a stone along its path in the value chain.

C. Supply Chain on Blockchain for the Diamond Industry
Glitzkoin blockchain embedded privacy options designed distinctibely for the diamond industry. Transparency by building on both public and private blockchains is been guarsnteed to achieve a hybrid technical model. By pairing high security of the public blockchain with accessed controls in private blockchains, Glitzkoin will serve the industry better.

GLITZKOIN TOKEN (GLT)
GLT will be used as means of transaction in the glitzkoin platform. The total supply of GLT is 1 billion and been sold at the ICO stage at 0.2$ to 1GLT. Distribution plan is shown below.