iTraceiT to hold official launch of blockchain-based application
for comprehensive tracing of diamonds, gemstones, and jewelry
The May 3, 20221 event will highlight the application’s USP and demonstrate
it is effective,affordable, rapid, and convenient.
Antwerp, Belgium, April 28, 2022: iTraceiT, the Belgium-based innovative technology and service provider that developed a comprehensive, blockchain-based application for tracing diamonds, gemstones, and jewelry, will stage the application’s official launch on May 3, at the Antwerpsche Diamantkring (Antwerp’s rough diamond bourse), in the heart of Antwerp’s diamond district. The – longtime planned – launch comes as industry demand for viable traceability solutions increases significantly.
“Recently, we’ve seen several industry organizations and service providers make product development announcements regarding traceability. This is truly exciting, as it emphasizes that the industry’s awareness is expanding and that traceability solutions are now being center-staged. However, diamond, gem, and jewelry manufacturers and traders need solid guarantees that their traceability solution is autonomous and unaffiliated, covering their products throughout the supply pipeline, from the rough to the finished product,” iTraceiT’s Marketing and Sales Director Shavit Gaistman explained. “Fortunately, iTraceiT ticks all these boxes as an independent, self-standing blockchain-based application for tracing diamonds, gemstones, and jewelry, from mine to finger! Foremost, iTraceiT is effective, affordable, rapid, and convenient,” she added.
One of iTraceiT’s outstanding and distinctive qualities is that sizes do not matter to iTraceiT. “Small and melee polished diamonds make up the bulk of the diamonds manufactured, traded, and set in jewelry worldwide,” Gaistman said. “Our blockchain-driven solution works for diamonds and gemstones of any size, also for diamonds under 0.25 carat. iTraceiT can follow any stone through the production process, whether it is a 2.00 or a 0.02 carat stone!”
At the launch on 3 rd of May 2022, the team will demonstrate the ease of integrating the iTraceiT blockchain-based tool into diamond companies’ business management models.
“We’ve already done so successfully during our Beta testing and proven our USP (unique selling point) to the pilot users, “said CEO Fredrik Degryse. “We live in trying times! Governments, banks and financial institutions, trade organizations and NGOs, wholesale and retail clients, and last but not least, the end consumers all demand that the provenance of diamonds and gemstones is crystal clear and clean. By integrating the iTraceiT application into their business models, industry operators at all levels of the supply pipeline are given the opportunity to meet the market’s demand for traceability!” Degryse declared.
To register for the launch, click here: https://bit.ly/37pDRYR
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