The Jewelry Industry Prepares for Supply Chain Trace-ability

This type of supply chain transparency will go a long way to reassuring consumers concerned about the jewelry industry's impact on the world, and will be a huge relief to jewelry businesses everywhere that are struggling to buy and manufacture responsibly Jewelry manufacturers enter the serial number of each length of wire into their own inventory receiving systems - which transmit logs to the blockchain platform Supply chain partners must have the will to standardize processes and to write procedures for their computer systems to transmit relevant data to the blockchain platforms.

Two significant blockchain initiatives are taking on these challenges for the jewelry industry Another jewelry blockchain initiative, led by Richline Group, Inc., is using IBM's TrustChain platform According to the Trustchain website, "This is a unique collaboration that leverages IBM's technology and the UL, independent third-party verification, together with five diamond and jewelry companies that represent the entire supply chain: Rio Tinto Diamonds, Leach Garner, Asahi Refinery, Helzberg and the Richline Group" The TrustChain initiative is intended to include the full range of jewelry materials, from gemstones to metals.

Both platforms can readily communicate with modern ERP and stock-tracing systems, and will likely introduce integration "Layers" for jewelry supply chain partners to tap into. . Source