Guest of the Week (1/6/17)
Leanne Kemp, Founder and Chief Executive, Everledger
Congratulations Leanne! You are theCUBE Guest of the Week.
When buying a diamond, you look for the four Cs: carat, cut, clarity and color. One company is working to add a B to the equation: blockchain.
Everledger, a permanent ledger for diamond certification and related transaction history, is partnering with International Business Machines Corp. to apply blockchain technology to the diamond supply chain in an effort to add transparency to transactions and authenticate diamonds from the mine to your finger.
Generally associated with bitcoin, blockchain technology manages transactions. The technology records each transaction as it occurs, creating a block of numbered transactions connected to the previous records. The process of blocking adds a fingerprint to the transactions and creates an irreversible chain.
Dave Vellante (@dvellente) and Stu Miniman (@stu), co-hosts of theCUBE, SiliconANGLE Media’s mobile live streaming studio, interviewed Leanne Kemp, founder and chief executive of the London-based startup, Everledger, during the IBM Edge 2016 conference in Las Vegas in September to find out how blockchain can manage a supply chain.