Hello. Tell me please, are you planning to develop your own blockchain or will you use a ready one? Why did you make this very choice, if you dont mind me asking?
CEDEX utilizes the Ethereum blockchain for its solution. In addition to the underlying distributed ledger, Ethereum incorporates Turing-complete programming languages on the protocol-layer to realize smart contract capabilities. Smart contracts are, orchestration and choreography protocols that facilitate, verify and enact with computing means a negotiated agreement between consenting parties. The latter establish binding agreements and deploy applications using such smart contracts to enable certain services and functionalities, e.g., a P2P-trading platform.Can you tell us how the value of diamonds will be estimated with the help of tokenization?
The DEX values the diamonds, the Dtokens that represent diamonds hold the information about the GIA certificate this information is fed into the Dex and the price is calculated, to put it simply. It's a lot more complicated in the long version, of course.Hello! Can you adduce a couple of arguments in favor of the fact that diamonds will be a new asset in the market?
Diamonds are already bought and sold, but the current system is more B2B, and at the personal level very in favor of the buyer only. The Cedex system makes diamonds fungible, which changes everything as far as it being a true asset in the market. Have a nice day, all of you. Tell me please, how will the interchangeability of contracts in the diamond market be achieved?
Can you clarify your question please?