KNOW YOUR DIAMONDS & GEMSTONES ARE RESPONSIBLY SOURCED
A FEW WORDS
Precise control over the exports and imports of diamonds and gemstones is critical for reducing unethical behavior and strengthening responsible sourcing.
The $127 billion diamond and gemstone industry has no way to prove the origin of the stones and whether they are sourced ethically and sustainably.
WHAT WE DO
WE HAVE THE RIGHT SOLUTION
Building trust, identity and capacity using a comprehensive set of physical, logical and administrative protocols paired with immutable record-of-truth to ensure the integrity of information.
GemTrax perform background checks, installs all necessary security measures with a risk-based approach to ensure that entities and personnel on the GemTrax system are fully compliant with applicable legal and industry trade requirements.
Tracking of physical bags of diamonds and gemstones is done on a participant to participant basis, ensuring that the gemstones within the original sealed bag are indeed the same ones, retaining continuity.
Mobile and Web App
Buyers and sellers of diamonds and gemstones use the GemTrax Mobile or Web App to track the change of custody and financial transactions of registered diamonds and gemstones from participant to participant.
Hyperledger Sawtooth open source, enterprise-level, permissioned, modular blockchain platform which uses an innovative Proof of Elapsed Time consensus algorithm.
Certificates and Reports
Our Governance, Risk, and Compliance (GRC) platform provides real-time delivery of all compliance activities, risk assessments, audit tasks and deliverables through a web-based dashboard.
A FEW WORDS
We envision a world where artisanal and small scale miners don’t have to rely on predatory traders or opportunistic exporters. Our one-stop-shop platform will empower them with the tools they need to grow their trade, formalize their activities, and achieve sustainable scalability providing financial security for themselves and their communities.
Build a community of responsible sourcing