A blockchain-based platform for tracking natural diamonds has been introduced by Russia's TASS and Science, according to the state-backed news agency Ministry of Education. The aim is to track and guarantee the authenticity of diamonds from extraction to ownership. Last year, Russian diamond mining firm Alrosa joined a trial of De Beers' blockchain-based diamond supply chain platform, while Hong Kong-based Chow Tai Fook Jewellery launched a blockchain-based diamond tracking platform created by Everledger.
A blockchain-based platform for tracking natural diamonds has been introduced by Russia's Ministry of Education and Science, according to the state-backed news agency TASS. The aim is to track and guarantee the authenticity of diamonds from extraction to ownership. Last year, Russian diamond mining firm Alrosa joined a trial of De Beers' blockchain-based diamond supply chain platform, while Hong Kong-based Chow Tai Fook Jewellery launched a blockchain-based diamond tracking platform created by Everledger.