One of Hong Kong’s leading jewelry retailers, Chow Tai Fook Jewellery Group, started rolling out its blockchain platform to track diamonds.

The effort is in conjunction with the Gemological Institute of America, a nonprofit that said back in May it would use IBM’s Crypto Anchor Verifier blockchain technology to help evaluate and grade diamonds, starting with those from Chow Tai Fook.

According to the South China Morning Post, officials for the retailer say 3,000 T Mark brand diamond reports are ready on its blockchain, and that coverage will eventually be extended to 10 stores and 10,000 diamond for sale.

ThirtyK Staff
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