Sarine Technologies (SGX:U77) and De Beers Group's diamond blockchain platform Tracr agreed to collaborate on enhancing their diamond traceability systems, according to a Wednesday filing with the Singapore Exchange.
Under the tie-up, Sarine will enable its Diamond Journey system to receive rough diamond origin data directly from Tracr, creating a traceable path from mine to market.
The integration combines Sarine's scanning with Tracr's blockchain to provide an algorithm-based traceability solution designed to be more scalable and efficient than declaration-based tracking.
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