Hong Kong jeweler introduces blockchain app for diamond tracking

posted 2 months ago
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.
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