{"id":14485,"date":"2017-12-07T10:03:23","date_gmt":"2017-12-07T10:03:23","guid":{"rendered":"http:\/\/www.cibjo.org\/?p=14485"},"modified":"2018-05-22T10:22:46","modified_gmt":"2018-05-22T10:22:46","slug":"cibjo-president-expresses-support-for-de-beers-plan-to-develop-diamond-traceability-system-based-on-blockchain-technology","status":"publish","type":"post","link":"https:\/\/cibjo.org\/rstoolkit\/cibjo-president-expresses-support-for-de-beers-plan-to-develop-diamond-traceability-system-based-on-blockchain-technology\/","title":{"rendered":"CIBJO President expresses support for De Beers plan to develop diamond traceability system based on blockchain technology"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 hundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #ffffff;background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_4 1_4 fusion-one-fourth fusion-column-first\" style=\"width:22%; margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: right;\"><em>ABOVE: Dr. Gaetano Cavalieri, President of CIBJO.<\/em><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_3_4 3_4 fusion-three-fourth fusion-column-last\" style=\"width:74%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-2\"><p><strong>December 7, 2017<\/strong><\/p>\n<p>CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation\u2019s support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group\u2019s CEO, Bruce Cleaver. When operational, it should enable a diamond\u2019s journey through the value chain to be recorded in a secure digital registry by all parties handling the stone, thus creating a transparent method of traceability that is accessible to the entire gemstone and jewellery business.<\/p>\n<p>\u201cThis has the potential of being a game changer, with new technologies offering solutions to a challenge that has been notoriously difficult to achieve to date,\u201d said Dr. Cavalieri. \u201cWhile we still are waiting for more information from De Beers about how specifically the system can be applied to diamonds, we are well aware of blockchain\u2019s capacity to record for perpetuity chains of transactions, allowing goods to be traced back to their source.<\/p>\n<p>CIBJO strongly advocates for the creation of monitored chains of custody, Dr. Cavalieri said, with the goal being to defend the ethical integrity of products in the gemstone and jewellery trades. At the same time, the confederation has in past expressed concern that more cumbersome due-diligence systems that have been created to meet this objective may disadvantage smaller and medium-sized companies, which lack the resources to put them in place. However, a cloud-based blockchain platform, which is both tamper-proof and accessible to all members of trade, has the potential of eliminating financial barriers of entry, while also being more reliable and effective than a paper-based trail.<\/p>\n<p>\u201cWe greatly appreciate the investment that De Beers is making on behalf of the industry in general. I have expressed these thoughts to Mr. Cleaver, and also offered the support of CIBJO and our members during the development process. If successful, this should be a tool that works to all of our benefit, and also that of our consumers,\u201d said Dr. Cavalieri.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><style type=\"text\/css\">.fusion-fullwidth.fusion-builder-row-1 { overflow:visible; }<\/style><\/div>","protected":false},"excerpt":{"rendered":"<p><B>DECEMBER 7, 2017:<\/B> When operational, it should enable a diamond\u2019s journey through the value chain to be recorded in a secure digital registry by all parties handling the stone, thus creating a transparent method of traceability that is accessible to the entire gemstone and jewellery business.<\/p>","protected":false},"author":2,"featured_media":14486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[77],"tags":[],"_links":{"self":[{"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/posts\/14485"}],"collection":[{"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/comments?post=14485"}],"version-history":[{"count":0,"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/posts\/14485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/media\/14486"}],"wp:attachment":[{"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/media?parent=14485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/categories?post=14485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cibjo.org\/rstoolkit\/wp-json\/wp\/v2\/tags?post=14485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}