HB Antwerp partners with Blockchain Solutions

HB Antwerp has announced a collaboration with Blockchain Solutions which will aim to create more transparency in the diamond industry.

The collaboration leverages Blockchain’s technology to provide more security and transparency over traceability data. By doing so, the group will be able to provide customers with “real publicly verifiable” diamond history information.

The partnership will aim at creating key traceability steps of the diamond history, from the mine to the “final polished result”. This data will be certified by HB Antwerp which will hold a warrant for the veracity of the information.

Shai de Toledo, managing partner of HB Antwerp, said: “HB Antwerp is committed to bring more transparency to the diamond industry.

“Thanks to our very integrated model and high-tech DNA, we worked hard over the last 18 months, to leverage this in-house technology, and to bring this vision to life with HB Ledger.”

Isabelle Bonnet, CEO of Blockchain Solutions, added: “Traceability and authenticity are two domains in which blockchain technology can add a lot of value along the supply chain by enabling more transparency in a highly secured manner.

“HB Antwerp’s use case is very powerful in the way it is transforming a centuries old industry towards more transparency. We saw a great adequacy with this ambition and the openness and transparency inherent to the Bitcoin platform.”