2024 02 22 Leanne Kemp of Everledger: Enhancing Traceability in the Diamond Industry
Channel: Hyperledger Foundation
Date: 2024-02-22

Leanne Kemp of Everledger: Enhancing Traceability in the Diamond Industry: Integrating Financial Accountability

Idea for Everledger came about in 2014, moving blockchain from cryptocurrency to transparency. Rise of sanctions (Office of Foreign Asset Control (OFAC)'s Russia-related sanctions), concerns about diamond industry, and lab grown diamonds and fraudulent services have increased need.

The vision is for added transparency, trust, sustainability. Vision holds strong in the diamond industry, as well as other industries. Looking at returning tailings (waste) in the mining industry.

In the diamond industry, the need for traceability and transparency hold true. Driven by compliance - blood diamonds, Russian sanctions, are on the mind of consumers.

The Everledger solution has 3 key components: Entity Passport, Supply Chain Passport, and Material Passport. Data Connectivity & Provision, including data sovereignty, entity association from any operating system, and the Blockchain Platform, to ensure data validation, integrity and privacy are critical.

Full description available on Hyperledger Supply Chain and Trade Finance website here: https://wiki.hyperledger.org/display/STSIG/2024+02+22+Leanne+Kemp+of+Everledger%3A+Enhancing+Traceability+in+the+Diamond+Industry  

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