IBM’S BLOCKCHAIN DEVELOPMENTS FOR THE DIAMONDS VERIFICATION

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About the creation of a blockchain platform for tracking the supply of diamonds and gold, IBM Corporation announced. Users will be able with the help of a smartphone to accurately determine the origin of precious stones and products from them, which are sold in stores, already this year. The story will be recorded in the blockchain and buyers or law enforcement agencies will be able to make sure that, for example, the necklace is not related to corruption, financing of terrorism, slave labor or other human rights violations.

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