The Indian diamond industry will soon begin to use technology blokcheyn (Blockchain) to enhance safety and prevent conflict diamonds entering the market, reports Times of India.
Kimberley Process Certification Scheme (KP), the global organization for the transparent diamond trade, is working on a pilot project that would use new technologies for the global monitoring of KP statistics. Such a step would ensure a constant supply of blood diamonds overlap of war-torn areas of the world market.
KP, which is chaired today the United Arab Emirates (UAE), announced an initiative blokcheyn as part of its mid-term report on the progress of the organization.
Blokcheyn regarded as one of the major technological innovations cryptocurrency the Bitcoin system, as it serves as proof of all transactions made on the Web. "Block" in the concept blokcheyn - its "current" part that records all or some of the latest monetary transactions. After completion it enters blokcheyn as part of a permanent database.
Blokcheyn is a list of transactions that take place in the P2P network. It allows users to share digital signature through a computer network without the need for a central processing system, with fake entries will not be possible.
India is the largest importer of rough diamonds worth $ 16 billion a year. While more than 80% of diamonds come into the country through the world's leading mining companies, including De Beers, Rio Tinto, ALROSA, etc., the rest is purchased on the secondary market in Dubai and Belgium.
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) India is the governing body for the certification of the CP in the country. Speaking of technology, regional director of the GJEPC, Dinesh Nawada (Dinesh Navadiya) said: "The representation blokcheyn technology is a good step for KP chair We learn about the technology and its aspects at the upcoming plenary session of the KP in November, however, we want to once again support.. decision KP prevent blood diamonds to India. "
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Heads of the Kimberley Process (KP) United Arab Emirates (UAE) have made an announcement that a step closer resumption of diamond exports from the Central African Republic (CAR), according to IDEX Online.
KP Chair informed all the participants and observers of the organization that Berberati region of the country was declared a "zone of compliance" that meets the requirements of the administrative decisions and operational framework for the resumption of rough diamond exports (Administrative Decision and Operational Framework for Resumption of Exports of Rough Diamonds) from the Central African Republic ( CAR). This decision will also be brought to the attention of the UN Security Council.
Group CP observers were sent to the region in March and currently coordinates the schedule of monthly checks of export shipments from Berberati.
Letter Ahmed Bin Sulayem (Ahmed Bin Sulayem) also revealed that he made a successful petition, together with the Minister of the mining industry of the country, Joseph Agbo (Joseph Agbo), convincing the largest trading house in the country Sodiam continue its activities despite the earlier announcement of the immediate cessation activity.
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