The CEO Hoping to Turn Diamonds into Gold

The video discusses a new diamond trading platform that uses bars and coins embedded with wireless chips for authentication and trading. Each unit has a blockchain token, allowing it to be traded like digital currency. The platform is open source and aims to create a mass market similar to gold. It is regulated and has significant pre-orders from institutional investors. The platform is integrated with ETFs, creating a spot market for diamonds. The goal is to increase institutional investment in diamonds and provide a new store of wealth, with potential use in digital contracts and currencies.

What is the primary function of the wireless computer chip embedded in each diamond bar or coin?

• To increase the weight of the diamond

• To reduce the cost of the diamonds

• To authenticate and track the diamonds

• To change the color of the diamonds

Why did the company decide to be regulated despite the commodity not being a security?

• To limit the number of investors

• To avoid taxes

• To ensure delivery to owners

• To increase the price of diamonds

What is the expected role of ETFs in the diamond trading market?

• To decrease the value of diamonds

• To track and facilitate consumer use

• To eliminate the need for regulation

• To replace physical diamonds with digital ones

What percentage of diamonds is expected to be held by institutional investors in the future?

• 15%

• 5%

• 1%

• 25%

What unique feature makes diamonds a potential asset for digital contracts?

• Their historical value

• Their built-in computer chip

• Their large size

• Their color variety