Everledger’s blockchain platform V.2 to ensure ethical sourcing of gemstones

London based digital transparency enterprise Everledger has released version 2.0 of it blockchain platform. The platform now provides increasing levels of transparency across complex and regulated supply chains.

The Everledger platform creates secure and permanent digital records of a gemstones origin, characteristics, and ownership across its lifetime, the miners, manufacturers, lab certification houses and retailers, enabling them to drive a positive social and environmental impact. Consumers have direct access to independent information of a diamond’s characteristics and ownership record via desktop or mobile.

Everledger’s purpose is to contribute greater clarity and confidence marketplaces where increased transparency is essential. We’ve pioneered this work for the diamond and gemstone industry

Leanne Kemp – Everledger CEO

Everledger has upgraded its platform to meet the needs of clients whose own customers and partners pursue evidenced traceability.

The Artisanal and Small Scale miners (ASM) – thousands of individuals and small companies are the lifeline of the gemstone industry of Africa contributing significantly to the global colored stones output of about 80%. These miners form an important sector of the economy and face dangerous working conditions, legal vulnerability, and poor access to information.

In Africa, Everledger has collaborated with Pact and Tanzanian Women Miners Association (TAWOMA), Anza Gems and Ninteen48 have collectively formed Moyo Gemstones to support the interests of Tanzanian female miners and their communities. To achieve this objective Everledger has also collaborated with Gübelin Gem Lab on the Provenance Proof Initiative.Through the pilot project, Gübelin Gem Lab has enabled participants in the programme to have access to the platform at no cost, while Everledger sent experts pro-bono to Tanzania to scope needs, train the community, and help implement the pilot.

Rebecca Villalobos, Pact gemstones program manager, said: “Because women are often disenfranchised in mining, we focus on empowering women miners to work safely, mine better, improve their financial security, and create stable, equitable markets for fair trade. We ensure that they have a voice in developing solutions to their specific challenges. Given Everledger’s and Gübelin’s focus on providing a no-cost solution for colored gems producers and manufacturers, we wanted to work with their platform to create traceability and document retention. Everledger has worked to co-design the project with the miners themselves and consider various technologies that can help the miners in formalization and market access.”

administrator

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!