The Diamond Blockchain: Ending Blood Diamonds with New Tech
Have you ever thought about how blockchain could affect the diamond industry? Probably not, right? But now blockchain technology could improve how we track diamonds, from the mine to the jewelry store. But there’s an issue with diamonds. As with any popular industry, the diamond market isn’t exactly squeaky clean. Some diamonds, known as conflict diamonds, are illegally traded to fund wars abroad. You may not know this due to the high demand for diamonds. Almost 50 percent of the demand for diamonds come from the US — and it isn’t a surprise. After all, it is the go-to jewel of engagements…