Global Commodity Exchange To Use Blockchain For Trading Diamonds


Jan 11, 2017
The world’s first commodity exchange for physically settled diamonds, the Singapore Diamond Investment Exchange, has announced that it will be using Blockchain technology for diamond authentication, data archiving, and trading.

According to an announcement, Singapore Diamond Investment Exchange (SDiX) has partnered with Kynetix, a physical commodity digitisation expert, and Everledger, a supplier of blockchain infrastructure, to complete the first part of a Proof-Of-Concept of a blockchain-based authentication and secure record-keeping service for trading diamonds on a global commodity exchange.

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