Leading Jewelry companies in the US have joined hands with IBM, in an attempt to develop blockchain technology. By means of this tie up, the companies can uncoil the history of origin of Jewelry. Named ‘TrustChain’, the platform would prove to be quite helpful for customers, who could track precious metals on different steps. According to the statements from the Jewelry Companies, the technology would track as many as six different styles of diamond and gold rings. It is expected that the platform would become materialized by the end of 2018.
The following are some of the well known companies, which are involved in the network of this shared database – Berkshire Hathaway Inc’s Richline Group Inc, Asahi Refining, jewelry retailer Helzberg Diamonds and LeachGarner.
