Blockchain technology to power De Beers’ diamond production By Cointelegraph

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Blockchain technology to power De Beers’ diamond production

Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution.

The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production and distribution across the globe. The Tracr platform was first piloted and tested back in 2018, and the company has finally released the platform at scale to serve the wider diamond mining industry.