Enhancing Traceability: New Diamond-Tracking Platform Launches

Enhancing Traceability: New Diamond-Tracking Platform Launches
Photo by Dillon Wanner / Unsplash

A new platform has been launched to revolutionize the traceability of diamonds, ensuring transparency from the mine to the consumer. This platform, known as Authentia.io, tracks the entire journey of a diamond, from its rough state to its final destination. Utilizing patented blockchain-like technology, the platform offers certificates of origin and titles of ownership, making it a pioneering solution in the diamond industry.

The system identifies each diamond through a unique token inscribed on the gem. Unlike most blockchain platforms that cater only to major industry players, this platform is accessible to all stakeholders, including small mines and retailers. With 97 contracts already secured with small mines in Africa, Authentia.io is poised to become a key player in the diamond industry, addressing significant challenges like product aggregation for large-scale mining operations.

In addition, a patented smartphone application allows users to scan a diamond's inscription to access detailed information, including its origin and processing reports. This feature enhances the platform’s utility for retailers, offering unprecedented transparency and traceability.

The launch of this platform marks a significant step forward in the diamond industry's efforts to combat fraud and ensure ethical sourcing. By providing a comprehensive traceability solution, the platform not only builds trust among consumers but also strengthens the industry's commitment to transparency and responsible sourcing

Read more