Canadian Diamond Mining Company Hires New CEO, Turns To Blockchain

Canadian diamond exploration and mining company Lucara Diamond has appointed a new chief executive in a move towards modernizing the diamond industry with Blockchain technologies, the Financial Times reported today, Feb. 26.

The new CEO, Eira Thomas, will lead the company after its recent purchase of Clara Diamond Solutions for $29 mln, or 13.1 mln shares. Clara is a digital platform that utilizes both cloud and Blockchain technologies to “[ensure] diamond provenance from mine to finger,” according to the Nasdaq press release.

Lukas Lundin, chairman of Lucara, said,

“We believe that Clara will not only modernise the entire diamond sales process but unlock additional value for all participants across the diamond market.”

Blockchain systems are seeing increased use in supply chain management as they can streamline the process by permanently recording each transaction on the Blockchain, significantly increasing transparency.

Lucara’s turn to Blockchain comes a month after De Beers, one of the world’s largest diamond producers, launched a pilot Blockchain initiative also for tracking a diamond’s supply chain to ensure each diamond is conflict-free.

Advertisements

2 Comments

  1. One thing is the fact that one of the most common incentives for using your cards is a cash-back and also rebate offer. Generally, you’ll have access to 1-5 back on various buying. Depending on the card, you may get 1 back again on most buying, and 5 again on expenditures made in convenience stores, filling stations, grocery stores in addition to ‘member merchants’.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.