Diamond trade is such a lucrative business out there but only for expert traders. This is because its other side of the coin is volatility. Without proper strategies put into place, you cannot prosper in this business. For instance, there are a lot of details that determine the value of diamond such as certification of its originality among other information.
A novice trader can suffer a broad loss due to lack of knowledge regarding the market. Thanks to Diamond Network as they can readily acquire all the information that they need regarding their trade as well as the diamond that they are about to buy or sell.
Diamond Network employs a Digital diamond Database that stores all the information about each diamond that goes through any other service provided by the DiamondNetwork. It is worth mentioning that this Network is based on a decentralized system hence the information stored is safe, reliable and cannot be fabricated.
The Database will store the following data:
- Each CDC Diamond
- Each Diamond listed in the Marketplace
- Each Diamond tested such as the historical data, certificate data, baseline as well as test results among others.
Characteristics of the digital Diamond Database
- It is worth mentioning that the Diamond parameterization system will be built in collaboration with SCS.
- The database will comprise of a search engine that consists of several parameters
- Unlike the centralized system, this Database is going to be compatible in that it is going to include the same criteria lines as well as parameters according to the data that is assembled by the laser- 4Cparaeters that are listed in the existing certificates.
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- The search engine within the digital Diamond Database will also support a search by the existing certificate number, the number will have been provided by the GIA among others.
- Keep in mind that the Network is powered by blockchain for faster services hence there will be an automatic data unload system that will collect data from other services that is the decentralized Ethereum blockchain as well as those that are not easy to type in manually not to mention proof of existence.
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- This Database will be cumulative thus will be able to recognize all the parameters of a diamond that exists within the database.
- After a diamond is tested by the DN, a digital, as well as a physical certificate, will be provided as well as stored in the Database.
- If the buyer wants to access information regarding the previous owners of the diamond, it shall be displayed but at a small fee if the data is available.
- If the buyer wants to go through a historical price chart, it shall be displayed if available at a small fee.
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- The Database will displace comparable prices such as the marketplace price of similar products listed, Rapaport price as well as an algorithm calculated sales price that considers all the information prided regarding the place of origin.
Official links for more details,
Website Link : https://cdiamondcoin.com
Whitepaper Link : https://cdiamondcoin.com/media/Strategic_White_Paper_DN_V.3.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4981604.0
Twitter Link : https://twitter.com/cdiamondcoin
Telegram Link : https://t.me/cdiamondcoinru
Reddit link : https://www.reddit.com/r/cdiamondcoin
Facebook Link: https://www.facebook.com/Cdiamondcoin
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2382238