A initiative is being set up in the UAE to prevent the trading of so-called "blood diamonds" using blockchain technology to provide "tamper-proof" evidence of provenance. Ahmed bin Sulayem, chairman of the Kimberley Process (KP), has held meetings with Dubai’s Blockchain Council and said that blockchain technology could create a "seamless and continued global process for the KP certification scheme. The KP, which was established by an agreement between African countries in 2003, aims at preventing conflict diamonds from entering into commerce. An update is expected during the annual plenary meeting of the KP in November.
A initiative is being set up in the UAE to prevent the trading of so-called "blood diamonds" using blockchain technology to provide "tamper-proof" evidence of provenance. Ahmed bin Sulayem, chairman of the Kimberley Process (KP), has held meetings with Dubai’s Blockchain Council and said that blockchain technology could create a "seamless and continued global process for the KP certification scheme." An update is expected during the annual plenary meeting of the KP in November.