Diamond Industry to Use Blockchain Technology to Stop Funding Wars
- A distributed ledger could help you avoid buying blood diamonds.
The process by which Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology is taking over the world just keeps accelerating. It seems like that in recent months each and every day we learn about some new application, from cheques to smart guns, powered by the distributed ledger technology pioneered by the creators of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.
Now we learn that blockchain technology could soon be used to stop illegal fighters in war torn areas of the world from funding their efforts with the mining and sale of diamonds.
Ahmed bin Sulayem from the United Arab Emirates, who is the current chairman of the Kimberley Process Certification Scheme, the organisation tasked with stopping the circulation of so-called 'blood diamonds', announced the new blockchain initiative as part of his midterm message on the progress of the initiative.
"We have introduced the possibility of using blockchain technology to create a seamless and continued global process for the Kimberley Process Certification Scheme," the chairman said.
According to reports from the UAE, Mr bin Sulayem has already held meetings with the Blockchain Council of Dubai and is working on a test project that would use the technology to monitor Kimberley Process Certification Scheme statistics. An update is scheduled to be delivered to the annual plenary meeting of the organization in Dubai in November.
The process by which Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology is taking over the world just keeps accelerating. It seems like that in recent months each and every day we learn about some new application, from cheques to smart guns, powered by the distributed ledger technology pioneered by the creators of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.
Now we learn that blockchain technology could soon be used to stop illegal fighters in war torn areas of the world from funding their efforts with the mining and sale of diamonds.
Ahmed bin Sulayem from the United Arab Emirates, who is the current chairman of the Kimberley Process Certification Scheme, the organisation tasked with stopping the circulation of so-called 'blood diamonds', announced the new blockchain initiative as part of his midterm message on the progress of the initiative.
"We have introduced the possibility of using blockchain technology to create a seamless and continued global process for the Kimberley Process Certification Scheme," the chairman said.
According to reports from the UAE, Mr bin Sulayem has already held meetings with the Blockchain Council of Dubai and is working on a test project that would use the technology to monitor Kimberley Process Certification Scheme statistics. An update is scheduled to be delivered to the annual plenary meeting of the organization in Dubai in November.