Richemont, Cartier Owner, To Use Blockchain to Track Diamonds – Bitcoints

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Published on July 12th, 2018 | by bitcoin

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Richemont, Cartier Owner, To Use Blockchain to Track Diamonds

Richemont, Cartier Owner, To Use Blockchain to Track DiamondsRichemont, the Swiss luxury goods giant that owns Cartier, is turning to blockchain in a move aimed to bring transparency to its supply chain.
“As Cartier’s parent company, we [Richemont] have recently decided to start utilizing blockchain to trace the origin of diamonds, rocks and gold back to the mines or recycling factories.
For all the watches we sell, we also hope to (use blockchain) to track their sources to validate their authenticity,” she said.
Jin argued that blockchain projects are often trying to experiment and build monetary policies from scratch, without learning from existing academic research in the field.
During a fireside chat with CoinDesk, Jin indicated she also plans research to explore questions in the crypto world from the angle of macroeconomics.

Source: Www.coindesk.com

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