News Bureau

 
 
October 13, 2021

iTraceiT To Launch QR Code-based Diamond Traceability Solution

iTraceiT, a Belgium-based independent technology and service provider, will soon launch a robust and user-friendly traceability solution for the diamond and jewellery industry. iTraceiT has created an industry-wide, independent, user-friendly, and totally secure tool for the complete authentication of diamonds of all sizes. Toward its global launch later this year, iTraceiT is working with pioneering partners on pilot projects.

iTraceiT creates a unique QR code that records, stores, and displays all processes performed on any gemstone, from mine to finger, to keep and maintain track of every action taken. Any type of data can be easily attached to this digital QR in addition to the information collected by default, including geolocation, device, date and time or other attachments. Custom data fields can even be defined and integrated.

These collaborative tools can just as easily be integrated into the supply chains of other businesses to ensure thorough management and oversight of production processes and even services. iTraceiT’s technology is compatible with all businesses and traces every step of the production process, reaffirming to customers that their precious purchase is a safe and reliable investment. This new cloud-based and blockchain-powered software reassures both serious retailers and concerned consumers that all intermediaries uphold the same standards.

iTraceiT takes every possible measure to protect a company’s valuable information without compromising the user-friendliness of the tools and the mobile application. Each client has its own database, and all data linked to a QR code is encrypted. A personal access code protects the back office, allowing only authorised personnel to access.

Frederik Degryse, iTraceiT’s newly appointed CEO, noted, “Our main goal has always been to build a robust and secure tool and flexible and workable. We believe that we now have a solution that the entire industry can get behind: a system that connects all stages of the pipeline in a united effort to make the end consumer feel confident and good about their purchase.”

RJC Executive Director Iris Van der Veken stated, “It is all about consumer confidence. I applaud iTraceiT for its leadership and commitment to sustainability. The time is now to integrate sustainability at the core of your business strategy. Initiatives like these are critical to driving positive impact forward.”

 

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