If you remember that in 2016 A big theft was done in the house of famous model and actress Kim Kardashian in october 2016 at Paris.
Lot of thing are still unsolved and it was a great setback to the Diamond lover at that time, In an interview Kim herself suggested that if such precious thing should be kept in Block Chain based ledger so it can be tracked easily.
::Now The Big News from Hong Kong ::
HONG KONG -based jewelry retailer Chow Tai Fook Jewellery Group will start to use a blockchain platform to track diamonds, the South China Morning Post reported September 12.
Chow Tai Fook has reportedly put some of its diamonds on a blockchain platform developed by blockchain startup Ever ledger and secured by the IBM Blockchain Platform. This will reportedly enable the retailer’s customers to ascertain the origin and authenticity of stones sold in its T Mark-branded stores, using a T Mark app.
The T Mark was an initiative started by the company in August of last year, which assigns a series of serial numbers to certain stones so that their provenance and transaction history can be more easily authenticated.
Currently, the company has reportedly rolled out the initiative for 3,000 T Mark diamonds in four of its stores, and plans to extend it up to 10,000 stones in 10 stores. Kent Wong, the retailer’s group managing director, outlined the importance of customer awareness to the entire cycle of diamonds:
Day by day People are accepting the uses of Block Chain and they taking much interest in the worlds best technology.
H A P P Y T R A D I N G