CEDEX The First Certified Blockchain Based Diamond Exchange
TechFinancials provides the technology to the Cedex project, an initiative that transforms diamonds into a new financial asset class.
We have provided the revolutionary blockchain and artificial neural network technologies behind the DEX, the proprietary algorithm that rates diamonds based on their relative market value. Our experienced team of software, finance, and online marketing technology developers are providing essential infrastructure and development services for creating the trading technology, alongside the CEDEX team. TechFinancials has provided the financing for the project by way of a loan, for which it was granted an option to be the holder of 90% of the CEDEX project.
CEDEX.com is a global exchange that focuses on bridging the gap between the traditional diamond industry and the online financial markets. CEDEX is engineering a ground-breaking change, enabling people to liquidate and invest in diamonds like any other financial asset, in a transparent and secure way.
The CEDEX Exchange will enable anyone to invest in individual diamonds, shares of a high-value stone or shares in a basket of diamonds (ETF). Traders can buy and sell with full confidence, even without prior knowledge of diamond trading.
The DEX: Proprietary Blockchain Technology
The DEX, a proprietary machine-learning algorithm, is the intelligence behind CEDEX. It has been created to bring transparency and coherency to the diamond financial market. The DEX is the blockchain based technology that rates a diamond’s asking price. The value of any diamond listed on the Exchange is completely transparent. It is liquid because it creates a two-sided market by enhancing both the supply and demand and standardized because CEDEX creates a unique benchmark value, rate and smart contract for each stone.
The DEX Comprises Three Main Elements:
The gem composite, which represents a diamond’s gemological perfection
The parallel composite indicating the rarity of a diamond category
The indices composite, giving potential traders market directions for the diamond industry.
Diamonds are onboarded to CEDEX and classified by categories. The DEX has been designed to incorporate artificial neural network technology using all available diamond data.
Investing or trading in diamonds through CEDEX is an easy open and transparent experience. The DEX alpha version will provide a theoretical price for your diamond and rate it by its relative market value in real time.
The Currency Powering the Exchange
TechFinancials has brought our blockchain expertise to the creation of the CEDEX Coin, the token powering the CEDEX Exchange. The currency will be implemented as an ERC20- compatible token over the public Ethereum blockchain.
To learn more about CEDEX go to: www.cedex.com