Diamonds on the Blockchain

Research Overview

Author: Anthony D. Williams
Release Date: December 22, 2017


This research looks at the blockchain start-up Everledger’s use of distributed ledgers and artificial intelligence in place of flawed, forgeable, and inefficient paperwork to record and verify the provenance of diamonds. It covers use cases involving fine wine and art where an asset’s value depends on its authenticity, and it provides managerial considerations for participants in such high-value supply chains. As of 2018, the platform is based on IBM Blockchain, a version of Hyperledger Fabric. Before 2016, Everledger used Ethereum, Eris, and BigchainDB.

Copyright 2017 Blockchain Research Institute – not for distribution


The Diamonds Infographic

Copyright 2017 Blockchain Research Institute ™.
This infographic is exclusively available for distribution to employees of BRI member organization.

Related Content

Platforms for Sustainable Food Production

This brief shows how blockchain technologies, combined with mobile access to drones, sensors, satellite imagery, artificial intelligence, the Internet of Things, and other innovations, can secure our global food supply, one farm at a time. The solutions it explores focus on topsoil to mitigate the harmful effects of chemicals, aggressive tillage, monocultural crops, and climate change. The goal is to give smallholders—often the poorest farmers with less than two hectares of land in jurisdictions hardest hit by environmental and humanitarian crises—the tools and training they need for sustainable food production, transforming the long-term viability of their businesses and the future of their families in the process.

Read More

Blockchain-Driven Transformation

No longer at proof-of-concept or pilot stage, blockchain applications are changing processes and practices for the better in business and society. This research reports on the status of transformational projects for registering assets, tracking the flow of assets, automating contract administration, and streamlining industry workflows in construction, insurance, mining, retail, and transportation. It features a case study of the UK based company Circulor, which has transformed the cobalt chain of custody for good. Finally, the authors anticipate the long-term impact of blockchain technology on global financial markets, identity management, and the Internet of Things. There is no turning back to old ways of operating.

Read More