How Blockchain Can Be A Diamond Buyer's Best Friend

Blockchain, the underlying technology for cryptocurrencies like bitcoin, also can help make supply chains more secure. Because blockchain uses a distributed ledger system that can't be altered, it fights fraud during fulfillment and logistics operations for precious commodities, such as diamonds. For example, when the diamonds are extracted, their provenance is traditionally established and proven with paper certificates, which are prone to forgery. With blockchain, however, authentication of pr...