Tracr

This is the story of how one company set out to digitalise every diamond on the planet // https://lnkd.in/eK98vzQd In partnership with Accenture and UNI Diamonds #diamonds #diamondindustry #techforgood #blockchain

Our CEO Wesley Tucker had welcome surprise while in Botswana for the The Projects Magazine Future of Mining Summit

De Beers Group, via its subsidiary Tracr, has been on a seven-year journey to immortalise every diamond in the world in digital form with blockchain technology. It’s an enormous undertaking given the sheer volume of data necessary for the task: to capture it at the source and throughout a diamond’s production process, and then to secure it in an immutable way that is faultlessly trustworthy by the rest of the diamond industry and, of course, its customers. In order to achieve its aims, Tracr needed to access the world’s very best #blockchain expertise in order to tackle the enormous challenge of scaling the technology to meet its lofty goals. Enter Accenture. Featuring Wesley Tucker, Caroline Glassberg-Powell, Hilary Allen, and Vinod Nair Read the story / https://lnkd.in/eK98vzQd #techforgood #diamondindustry

In 2017, De Beers Group saw an opportunity to leverage one new technology to fundamentally change how it presented diamonds to the global marketplace. The project De Beers envisioned to explore the idea was called Tracr. Read the full story / https://lnkd.in/eK98vzQd Featuring Tracr CEO Wesley Tucker In partnership with Accenture and UNI Diamonds #diamonds #diamondindustry #blockchain #techforgood #Socialgood

Extremely grateful to Tech For Good for sharing the Tracr story! Thank you for helping us amplify our mission and impact.

We were honored to be invited to speak at The Future of Mining Summit in Gaborone, Botswana. To view our CEO Wesley Tucker's speech, please watch it here: https://lnkd.in/gtHRmC8k.

COLLABORATION ANNOUNCEMENT: Tracr & Mountain Province Diamonds Inc.   We are pleased to announce a joint testing initiative between Tracr and Mountain Province Diamonds Inc.. This collaboration marks an important step forward in our commitment to be open for the industry to participate in Tracr, and the potential for Mountain Province’s customers to further enhance efforts to promote the traceability of their diamonds in the future. We are currently engaged in a product testing phase with diamonds sourced from Mountain Province’s production from Gahcho Kue mine, situated in the remote Northwest Territories of Canada. We are excited about the potential for this collaboration to offer Mountain Province the ability to highlight the origin story of their diamonds’ discovery beneath Canada’s Northern Lights and working towards enabling their customers the opportunity to participate in Tracr in the future. The test is in partnership with InnovSeed - AI & Robotics Company DiaBot Manufacturer, as the testing technology provider with their DiaBot machine, and Bonas Group. Bonas has become the first tender house in the world capable of scanning rough diamonds onto the Tracr platform at scale. We thank both teams for their ongoing support and look forward to bringing Mountain Province diamonds on to the Tracr traceability platform.

We’re excited to share that we have started exploring integration with International Gemological Institute - IGI a well-regarded grading lab, with the aim to streamline the process for our participants to send their diamonds for grading and add that data to their Tracr diamond record. This integration would expand the Tracr ecosystem and allow us to further develop the quality of information that participants can upload about their diamonds throughout the value chain.

Americans are a diamond’s best friend! More diamonds are bought in the US than in any other country. So one of my constant priorities is work with the US government to ensure that De Beers Group’s diamonds are welcomed with open arms (and outstretched ring-fingers!). On a beautiful spring day here in Washington DC, we had the opportunity to discuss how we track the journey of our diamonds all the way from mines in Botswana, Canada, Namibia and South Africa to ensure that consumers here have full confidence that they are purchasing an ethical stone that has done good at every point in its journey. But I also set out our plans to improve further. Tracr, our digital blockchain, will enable people who buy a diamond sourced by De Beers to map out its individual pathway from a rough stone to a polished beauty. Not only will this meet the new import requirements for G7 countries, it will also allow us to share the diamond stories we are so proud of. (Photo: with Emma Wade-Smith OBE, Morty Selelo and Feriel Zerouki at the White House)

We are thoroughly looking forward to being a part of this panel. If you are attending JCK, please register here to join: https://lnkd.in/eYrtbDkm