CEDEX – Bringing Blockchain Innovation To The Diamond Industry | Crypto Daily

One credible point that cryptocurrency skeptics often make is that there is little need for blockchain technology in most industries. Blockchains like Bitcoin’s are slow and costly to run, so it’s fair to argue that they will likely fail to take hold in industries where they don’t solve significant problems. Diamonds, however, are not one of those industries.

You see, there are some very good reasons that diamonds don’t have public markets that resemble those of similarly valuable commodities like gold and silver. The three biggest of those problems are a lack of liquidity, lack of transparent pricing, and lack of standardization. Blockchain technology provides a solution to two of those problems – the lack of liquidity and transparency. Meanwhile, CEDEX’s proprietary machine learning algorithm, the DEX, brings a new level of transparency and standardization to individual diamond pricing.

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CEDEX – Bringing Blockchain Innovation To The Diamond Industry – Crypto Daily.