Cassie Blake Blog | CEDEX – The Diamond Trading Cryptocurrency | Talkmarkets

CEDEX – The Diamond Trading Cryptocurrency

Date: Friday, December 1, 2017 7:07 PM EST

Everything we have known about the diamond is nothing compared to what CEDEX is about to do with it on its diamond trading platform. For all we know, it could be the beginning of starting something new. Free from the cloak that diamond buyers and sellers have been used to for a long time.

 

The Game Changers

 

Thankfully with the help of Blockchain, smart contract and DEX, the full impact of CEDEX diamond trading platform is about to hit the ground running as quickly as possible.

 

Blockchain technology is incorporated in this platform because of the transparency of transactions done on it, which both buyers and sellers can authenticate. The platform also allows the trade to be free from manipulation especially on the diamond trading platform. Also because it will enable diamonds transacted on the platform to be used as a hedge fund against certain risk investors are not open to deal with at the moment.

 

Smart contracts exist because of terms and conditions which buyers and sellers have to meet before transactions are completed and payments made. These contracts as adequately pointed out, and can only come into force or squashed as soon as pre-existing conditions are met or not. It is definitive and essential to adhere to them.

 

DEX is a diamond evaluation platform that measures diamond from its weight and the number of carats it carries. With the ambiguity of scales and standards used in measuring diamond, DEX is creating a level playing field for both buyers and sellers of the diamond. It will incorporate all types of diamond that would otherwise have been sold on the black market for a lesser value.

 

The Impact of What CEDEX Is Trying To Accomplish

The financial market has been run for such a long time, but one recurrent problem always has been its liquidity ratio. With the help CEDEX diamond trading platform, this will all be in the past. New ICOs will be infused into the platform, and enough capital will be placed on them to take off.

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