Cedex – “Advancement in Diamond Industry”
April 13, 2018 9:44 am,
CEDEX is a certified blockchain based diamond exchange which enables everyone to buy, sell and invest in diamonds. CEDEX rates the value of diamonds based on asking price and using blockchain technology. It solves three critical financial problems – Transparency: All diamonds in CEDEX are evaluated by DEX. it works on machine learning algorithms and rates the diamond’s asking price which means you don’t have to be an expert to buy and sell. Second, comes, Liquidity: CEDEX exchange will create two sides of a market by enhancing both the supplier and domain side. Lastly, Standardization: since no two diamonds are alike the innovated CEDEX solution will create a single benchmark for each diamond. This means one can easily understand how their diamond rates compared to others. Traders can have full confidence in buying and selling even without prior knowledge of diamond trading. By removing the three main obstacles (lack of transparency, liquidity, and standardization) the CEDEX (Certified Blockchain Based Diamond Exchange) will disrupt the way diamonds are currently perceived. Using innovative propriety technological solutions – including emerging blockchain technology – CEDEX will create an open and transparent marketplace in which anyone will be able to liquidate diamonds or invest in diamonds as a new financial asset class. The DEX evaluates three main elements of each diamond. First, it analyzes data collected directly from the Gemological Institute of America (GIA) in order to assign diamonds with a gemological score, representing its gemological purity. Then it assesses the parallel composite, which indicates how rare the particular type of diamond is. Finally, it accounts for the diamond indices composite, using globally published indexes to provide investors with insights on the market’s direction. This innovation has already achieved phenomenal success with their token pre-sale, which was launched on the 16th of March. It is clear that the world is taking note of the CEDEX’s goal of democratizing the diamond investment industry.