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Author Topic: [2016-08-25] ToI: Blockchain tech to aid filter blood diamonds for sector  (Read 706 times)
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August 28, 2016, 12:26:02 AM

Blockchain tech to aid filter blood diamonds for sector

Soon, diamantaires in Mumbai and Surat will have to equip themselves with the 'blockchain' technology to enhance security and prevent conflict diamonds from entering the market.

The Kimberley Process Certification Scheme (KPCS), a global industry watchdog for clean trade in diamonds, is working on a pilot project that will use the technology to monitor the KP statistics globally. The move will help ensure permanent blockage of blood diamonds from war-torn areas to enter the mainstream market.
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