Interesting19 Dec 2017 08:38
Saw -
I think BTL has been mentioned to have 100 bagged over 2 years -
hxxps://www.professionaladviser.com/professional-adviser/news/3023259/investment-watch-matt-morriss-verdicts-on-recent-developments
The Diamond Wizard
While bitcoin claims the blockchain headlines, recently cracking the £11,000 per bitcoin mark, advisers should be aware of the financial and consumer tech that is being built on the back of the cryptocurrency craze. At the recent London Blockchain Summit, several innovations were on show, one of the more interesting of which was a new platform called Cedex that promises to turn diamonds into a new asset class. At present, it is possible to invest in commodities such as gold, silver and oil via financial instruments such as ETFs but not diamonds - in part because of ‘fungibility issues' (essentially, each diamond is different). Now Cedex has built a platform that benchmarks each listed diamond's value, which means diamonds will become investible like any other financial asset in a transparent and secure way using blockchain. It will be possible to invest in individual diamonds or shares in an ETF-style basket of the precious stones, as well as enabling the buying and selling of personal diamonds on the platform.
Verdict: Promising lead