Hong Kong jeweler introduces blockchain app for diamond tracking
A leading Hong Kong jewelry retailer, Chow Tai Fook, has partnered with the Gemological Institute of America, a non-profit industry research body, to create a blockchain-based app that will enable customers to ascertain the origin and authenticity of stones purchased. This development brings the blockchain implementation processes closer to regular individuals through a more accessible user interface, the app.
Introducing a familiar avenue for regular users to access such services surely represents a huge step towards a lasting solution. This initiative by Chow Tai Fook will see diamonds sold in its T Mark-branded stores “graded” for customers, by the respected Gemological Institute of America. Being able to prove the origin and authenticity of an item certainly introduces the industry to an era of “fresh air”, and making such services easily accessible via familiar user interfaces like an app is indeed a monumental step for the industry.
Uber co-founder’s crypto trading platform launches institutional brokerage
Voyager, the cryptocurrency trading platform created by Uber’s first CTO and a former E*Trade executive, has launched a new brokerage division designed specifically for institutional investors. Voyager Institutional brokerage aims to deliver a “best-in-class crypto trading solution” to large firms seeking to trade cryptocurrencies, EG. hedge funds, buy-side firms, and market makers. The brokerage is slated to launch before the end of the year.
“Expanding our offering and leveraging our infrastructure to include the institutional community was always a part of our long-term strategic roadmap,” said Stephen Ehrlich, CEO of Voyager and a former executive at E*Trade. CIO Glenn Barber said “Our goal is to bring the level of access, connectivity and innovation that institutional investors, in particular, are seeking in order to effectively participate in crypto trading.”
Kraken Daily Market Report for 13.09.2018
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Blockchain News 14.09.2018