Diamonds on the Blockchain

Research Overview

Author: Anthony D. Williams
Release Date: December 22, 2017

Abstract:

This research looks at the blockchain start-up Everledger’s use of distributed ledgers and artificial intelligence in place of flawed, forgeable, and inefficient paperwork to record and verify the provenance of diamonds. It covers use cases involving fine wine and art where an asset’s value depends on its authenticity, and it provides managerial considerations for participants in such high-value supply chains. As of 2018, the platform is based on IBM Blockchain, a version of Hyperledger Fabric. Before 2016, Everledger used Ethereum, Eris, and BigchainDB.

 

Copyright 2017 Blockchain Research Institute ™.
This video is exclusively available for distribution to employees of BRI member companies.

Fullscreen Mode

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Fullscreen Mode

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

 

The Diamonds Infographic

Copyright 2017 Blockchain Research Institute ™.
This infographic is exclusively available for distribution to employees of BRI member organization.

Related Content

Oil, Natural Gas, and Blockchain

In this case study, the founder and CEO of a blockchain start-up explains his company’s vision for the future of the energy industry, changing how exploration and production companies raise capital and how investors and consumers participate in energy markets. The solution consists of a Hyperledger Fabric blockchain explorer, decentralized cloud storage, and an Ethereum-based platform that supports two ERC-20 tokens—one a security token and the other a utility token—plus an idea for powering bitcoin mining rigs that could provide an upstream source of revenue for oil and gas operators. It’s the kind of fresh thinking that this industry needs!

Read More

Can Blockchain Help with Gun Registries

Countries with universal background checks and gun registries experience significantly fewer gun-related deaths. As a highly encrypted, tamper-resistant, and decentralized database, distributed ledger technology has the potential to serve as a distributed registry of guns. DLT could allow gun buyers to prove a lack of a criminal record (the equivalent of a background check) without giving up personal information. This survey of the blockchain landscape highlights several start-ups such as VeriTransfer and BitRail that are experimenting with DLT to do for firearms provenance what other blockchain innovators have done with food, cannabis, and pharmaceuticals without impeding the rights of legitimate gun owners.

Read More
BRI Europe