Current news include many ethical issues in the world, and we believe one of them is to do with the transparency of the products' information. As brands become more global, the supply chain and the manufacturing process becomes more difficult to understand for the consumers. As an inspiration, we thought it would be suitable to integrate TODAQ's BBB challenge with the existing ethical problem.
What it does
There is a problem in the jewelry industry that consumers and marketers do not know the behind the scenes of the making of diamonds. It is said that Tiffany & Co. is one of the only companies that has announced the jewelries' origins. Our application increases the transparency of the manufacturing and shipping process of diamonds. We use the blockchain in order to pass onto information from miners, refiners, designers, manufacturers, billing managers, and shipping managers to consumers. With one file, including the information of its origin and who has contributed to designing the jewelry, consumers will easily access the authenticity of the jewelries from one file.
How we built it
Using TODAQ API in the start point, we made sure that transaction from one checkpoint to another in the process of making jewelry more transparent.
Challenges we ran into
Accomplishments that we're proud of
What we learned
What's next for Diamond Blockchain
Diamond Blockchain aims to optimize and decrease friction in the manufacturing process of diamonds, and what we have done in this 24 hours was the very basis of brand to consumer communication using a file. We believe that the next step for us is to connect more people in the supply chain such as refiners, designers, miners and warehouse managers. There is a potential in our idea because using this blockchain, we make the process more transparent for the brand and the consumers, considering its ethical integrity.