A technology company that built a blockchain-based registry for tracking the provenance of high-value physical assets such as diamonds and gemstones. The registry links a unique digital record to each physical item to support authenticity and ownership claims.
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- Everledger created a digital ledger that records the characteristics and history of individual assets, most prominently diamonds, to deter fraud and support ethical sourcing claims. Each item is given a tamper-evident record that follows it through the supply chain.
- By recording provenance on a shared ledger, the system lets insurers, buyers and certifiers verify an asset’s history without relying on a single intermediary’s database. The same approach was extended to other categories of high-value goods.