Edgelogic

Bitcoin supporters claim that the possibilities of using blockchain technology extend far beyond the financial function alone. One example is Edgelogic, which aims to completely eradicate diamond theft. The solution to this task is achieved by registering gems in a special registry called Blocktrace. The blockchain technology that underlies bitcoin distributes records of all transactions between all users on the network (in fact, this information cannot be changed later for the purpose of deception or fraud). In addition, Edgelogic's Blocktrace will store information about jewelry online, which will make it difficult to cover up tracks when selling stolen jewelry, as well as to avoid insurance fraud.