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RumiChain

Tokenization of stones originating from Peru

Created on 7th June 2025

R

RumiChain

Tokenization of stones originating from Peru

The problem RumiChain solves

Establishing gems, semi-precious stones and minerals as Real World Assets establishes the provenance of the material. Peruvian law requires that the origin of any given gem or mineral has been legally sourced. Stones on the blockchain will ensure that these stones abide by this Peruvian law. The tokenization of the stone establishes its uniqueness and source. The buyer of the stone can have confidence in how and where the stone was sourced.

An online platform that displays the stones will improve visibility, and increase the possibilities of the sale of the stone. The objective of the RumiChain project is to establish the tokenization and display of stones originating from Peru.

Tracks Applied (2)

Onchain Finance

This project is attempting to increase the verification, buying and selling of gems and minerals on the blockchain

Cross-Chain Solutions

This project aims to enable the verification, buying and selling of gems and minerals on multiple Distributed Ledger Tec...Read More

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