Macao's Chinese diamond and gemade exchange joins hands with shuqin to explore blockchain practices in the diamond industry

Recently, shuqin technology and WINBOND joint Co., Ltd. (hereinafter referred to as: WINBOND joint) have established a joint venture. WINBOND is a holding company of the Chinese diamond and gemstone exchange of Macao (hereinafter referred to as the Australian diamond Institute, both parties will jointly bring a beautiful change to the ancient luxury of diamond.

In the public's impression, the emotional value of diamond is often put in the first place, representing impermanence and loyalty. In fact, Diamond has a history of stable appreciation, and has the same inflation hedging effect as investment products such as gold. In recent years, Diamond has become a highly popular investment target for high net worth groups. According to professional international data, no matter what changes have taken place in the world economy over the past 100 years, the price of the diamond market has always kept rising steadily and never fell.

The Australian diamond Institute is an international diamond gem trading platform that operates in accordance with International Diamond and diamond trading rules, from raw material procurement, cutting, polishing, finished product processing and even retail, it serves enterprises in all aspects of the global diamond and gemstone industry chains. The Australian diamond centralizes the strength of China's buyer market and high-quality jewelry enterprises, as well as the world's influential diamond and jewelry enterprises, we are committed to building a professional platform to serve the cultural and trade interconnection between the Chinese Jewelry Market and the Global jewelry industry, with more than 1000 members.

As a technical supporter, dataqin.com aims to make full use of the decentralized, traceable, and tamper-resistant blockchain capabilities to provide users with more secure and reliable information, this makes diamond transactions more convenient.

At present, there are some practices in the industry that apply blockchain to the diamond business. In 2016, everledge, a London-based company, built a similar system using IBM's blockchain service to register and track diamond. In May this year, DeBeers, the world's largest diamond producer and owned by Anglo American, used the blockchain solution for the first time to track 100 high-value diamond. In May of the same year, Alisa of Russia, the world's largest diamonds, worked with kgK diamonds to create a diamond token together with the blockchain startup company D1 mint, the project aims to expand the attractiveness of gembs as investment assets and boost consumer demand.

As the hardest natural material in the world, diamond represents perfection and remains one of the most precious treasures of nature. Blockchain technology does not change its rare and gorgeous nature, but it can give it the innovative value of "blockchain + diamond.

Macao's Chinese diamond and gemade exchange joins hands with shuqin to explore blockchain practices in the diamond industry