Newsflash 19-9-2017 Diamonds registered in Blockchain

Over 1.6 million diamonds registered in blockchain
To counter counterfeits and sales of blood diamonds, a London company has recorded over 1.6 million diamonds in a blockchain. It must replace the current certification system.

The London Everledger identifies a number of characteristics of each registered diamond, including the color and the amount of Karat. "We make a digital twin of the object in the blockchain," says Everledger CEO Leanne Kemp to Forbes.

The diamond blockchain can replace the paper certification process, which is now being used by traders. In the long run, consumers should be able to make use of it. For example, with your smartphone, you could find more information about a diamond you see at the jeweler in the future.

Blood diamonds
The proper and reliable storage of information from diamonds is needed, to prevent theft of diamonds and to counteract the sale of counterfeits and blood diamonds.

According to recent research by Global Witness, sales of blood diamonds, including from the Central African Republic, increase. Such diamonds, whose proceeds are in the pockets of dubious warlords, are offered for sale via social networks like Facebook.