The stock exchange is a place where ethics are often flouted. The practice of underhanded techniques manipulates stock prices resulting in loss of confidence in the integrity of market, the unreliability of justice in capital asset pricing, the reduced liquidity of the stock, and deduction in investment. All in all, it decelerates economic growth.
HashCash Consultants has come up with a service to counter this. It has focused its expertise in Distributed Ledger technology to custom build blockchain platforms for high-end industries such as that of luxury jewelry and diamonds. HashCash Consultants has collaborated with the team behind Diamante to create a decentralized distributed ledger to support a consortium with widespread participation. Among the members of the consortium running under the name, Diamante Blockchain would be enterprises that trade in diamonds, manufacturers, retailers, and end consumers. They will store and share transactional data on this blockchain ledger where each input will be marked with a unique encrypted code that will render it immutable.
Blockchain is a technological innovation which was mainly aimed at reforming the financial sector and is widely used by banks and corporate houses to facilitate quick and low-cost remittance. Its USP is the unparalleled security and transparency it provides to the digital data cache, removing any scope of foul play. These transactions are validated via smart contracts, which is a self-generated receipt in the blockchain network. The existence of an immutable and easily accessible record of how a company is performing in the market makes it difficult for fabricated reports to pass without scrutiny.
The global diamond market is worth billions, with sales from diamond exports totaling to USD 118.5 billion in 2017. Moreover, the market value of diamond jewelry has risen from USD 64 billion in 2009 to USD 82 billion in 2017. Manipulation by even the smallest percent would translate into a fortune in the loss to the public. New age technology like blockchain can close this gap between stats reported and actual market performance of assets in the diamond industry.
About HashCash Consultants
HashCash Consultants started as a blockchain consulting company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using blockchain technology. Banks, corporate houses, domestic payment networks, FinTech companies, and currency exchanges use the HC Network for retail remittances, corporate payments, trade finance, and payment processing.
Its services include complete ICO solutions, setting up white label cryptocurrency exchange platforms for clients, coin listing, utility coin offering, and providing white label bitcoin payment processors.
HashCash Consultants is extensively involved in the gaming, insurance and supply chain industries.