July 5th, 2024

Chirag Jetani, Founder and COO of Diamante Blockchain, speaking at a conference, highlighting blockchain and AI innovations for various industries.

Empowering Industries Through Blockchain Innovation: A Conversation with Chirag Jetani, Founder of Diamante Blockchain

In a world where technological advancements are reshaping industries, blockchain technology emerges as a pivotal force of change. To delve deeper into this revolution, we had the privilege of speaking with Chirag Jetani, the Founder and COO of Diamante Blockchain.

From his initial fascination with digital currencies to co-founding Diamante Blockchain, Jetani offers a glimpse into the company’s formation, groundbreaking solutions, and significant achievements to date. With a strong emphasis on Web 3.0 and the convergence of blockchain and AI, Diamante Blockchain aims to transform sectors such as finance, logistics, payments, trade, healthcare, gaming, and entertainment.

Join us as we explore Diamante’s journey, its unique 4th generation, L1 blockchain network, the dApps built on the proprietary blockchain protocol, Diamante Net, DIAM Coin & its utility, and the strategic alliances fueling Diamante’s international growth and strengthening the dynamic community. Learn how Diamante Blockchain is tackling contemporary challenges with technology and spearheading the movement towards a decentralized, secure, and transparent ecosystem.

Can you provide an overview of Diamante Blockchain and the ecosystem?

We are a blockchain-based company established in 2018 to solve the global challenges in finance, trade, and payments. My co-founder, Dinesh Patel, and I identified several challenges that were not adequately addressed, like high operating costs, slow processes, inefficient operations, and more. So, we decided to introduce blockchain, which could change the game. And yes, it did.

Today, we have developed our layer 1, hybrid blockchain network, Diamante Net, and have also implemented several AI-based scalable solutions that are more transparent, efficient, and secure.

We have extended our ecosystem beyond finance, trade and payments. For instance, we have built several innovative applications, such as CreditCircle, MudraCircle, MetaCircle, ChainX, NodeHRM, and ChainCRM, that are currently in the alpha stage of development. With the most sought-after features and capabilities of our proprietary blockchain protocol, Diamante Net, we have become one of the world’s most safest, fastest, cost-effective, and versatile blockchain networks, building decentralized products and solutions, befitting for both, individuals and businesses, at a time.

On top of our network, we have our native digital asset, DIAM, with a total supply of 10 billion. Our coin offers infinite opportunities to our Diamante community. For instance, users can access the entire Diamante ecosystem; it facilitates seamless transactions—fast, secure, and low-cost; it serves as a network processing fee and also plays an anti-spamming role on our network. Very soon, our DIAM coin will be listed on the leading exchanges.

Can you provide examples of successful industry-specific applications or use cases built on the Diamante Net blockchain?

Oh, yes! The list could start with DiamCircle, DIAM, and PayCircle, followed by CreditCircle, Mintify, Token Tool, DIAM Pay, etc.

We have several successful industry-specific applications developed and, of course, being built on Diamante Net.

DiamCircle is an open source for developers, blockchain enthusiasts, techies, and everyone who wants to build innovative DApps on the foundation of our network, Diamante Net. The platform empowers the community to create innovative solutions and applications that can be used across various industries. We have comprehensive resources available online which can be utilized to develop applications.

Next, we have DIAM. As mentioned already, DIAM can be used for various transactions, including payments, trade and to access our entire ecosystem. It’s also easier to use DIAM across the leading networks. DIAM can be swapped within the Diamante ecosystem and other leading networks like Ethereum (ERC-20), Binance Smart Chain (BEP-20), and TRON. DIAMs can be earned as rewards through our DIAM Wallet and by utilizing our dApps, PayCircle and CreditCircle.

Then comes our flagship product, PayCircle, a super app that enables users to conduct payments, make transactions, and trade digital assets. It supports multiple currencies and is designed for both individuals and businesses, providing a comprehensive solution for their financial, banking and accounting needs.

We also have several other decentralized platforms in the alpha stage of development, including CreditCircle, MetaCircle, Mintify, ChainX, and NodeHRM.

  • CreditCircle allows users to take loans against their crypto assets without having to sell them, ensuring they retain ownership and can pay back at minimal interest rates.
  • MudraCircle is a CBDC solution for central and commercial banks to manage and issue digital currencies. While MetaCircle offers a virtual banking experience where bank customers can interact with banks in a metaverse environment, get their queries resolved instantly with AI bots and virtual assistants.
  • Min-Cli, a command line interface, lets users interact with the Diamante network, simplifying minting, account management and asset transactions.
  • ChainX is a crypto exchange platform for fast, secure, and cost-effective digital asset trading.
  • NodeHRM and ChainCRM, the former to manage HR tasks and employee management, and the latter to manage business leads and boost customer relationships.

We have a few more platforms launching soon.

  • Mintify lets create and manage NFTs with advanced features like customizable and royalty distribution. This is a perfect platform for artists and collectors to monetize their their digital creations.
  • Vastra serves farmers and SMEs in the textile industry by eliminating the middlemen and hidden costs in the business process.
  • Token Tool facilitates swift creation and distribution of tokens, ensuring seamless integration and compatibility within the ecosystem.
  • DIAM Pay offers seamless transactions of native and custom tokens with the Diamante network. Users can easily manage multiple digital assets via one platform.
  • Min-cli is another intuitive platform that simplifies minting, account management and asset transactions.
  • Share Picc is for content creators and enthusiasts to share content like memes, thoughts, etc. in a decentralized and secured environment.

These platforms demonstrate the versatility and potential of our Diamante Net blockchain in various industries and applications. To learn more about our applications, visit our explorer on the DiamCircle webiste.

How is MetaCircle revolutionizing the banking experiences in the metaverse era?

In the digital age, we all want our banking experiences to be more interesting and easy, like not visiting physical branches yet getting the work done. We want instant responses to our queries, enhanced security, less manual paperwork, and everything to be automated.

This is why we are developing MetaCircle, for a modern way of banking, immersive and intuitive. No more conventional way of banking – users can experience virtual banking with smart solutions in a secure environment. Reduced errors, speedy transactions, AI-driven chatbots and virtual assistants, minimal manual processes, and, above all, it is a feasible solution to the busy generation – fitting well into their busy schedules.

It’s not gonna take long to witness this metaverse-based virtual banking experience. We’ve also conducted a pilot of Metaverse Banking Lounge with two banks in India and the banks have received great applause from their customers. We are in discussions with the banks to set up virtual branches to aid the banking services for the customers.

Explain the purpose and functionality of the PayCircle application and provide insights into the security measures and protocols implemented to ensure secure and efficient transactions.

PayCircle is one of our super apps that provides a number of payments and trade solutions to businesses and individuals. Users can use this app to send, receive and custody multi-currency, fiat and crypto and avail banking, accounting, and other services as well. It also comes with features like split payments, schedule or setup recurring payments. Thus, PayCircle can be the one-stop solution for users’ banking and financial concerns.

It is also one of the safest platforms that you will find in the web3 space right now, as we have implemented some of the most sophisticated and comprehensive security measures and protocols to make sure that the users can avail seamless, secure, and efficient transactions. We use advanced encryption (AES-256) to protect all transaction data during transmission and storage. We have also implemented a multi-factor authentication (MFA) system, which adds multiple layers of protection to provide more security to users.

Apart from this, the platform is packed with secure APIs and communication protocols such as HTTPS and TLS to make sure that the users’ data is safely exchanged among systems. The platform is also AI-enabled, which plays a vital role in monitoring and preventing suspicious activities, providing real-time security. Users will receive personalized AI-curated rewards for every transaction made via PayCircle.

PayCircle also adheres to international regulatory standards like PCI-DSS, along with regular third-party audits to mitigate risks. The platform even complies with data privacy regulations such as GDPR.

Can you explain how the DIAM Wallet simplifies users’ interactions with decentralized applications within the Diamante ecosystem?

Well, the DIAM Wallet is already making waves around the world.

It is a non-custodial crypto wallet that offers the fastest and safest crypto transactions. Firstly, it provides a user-friendly interface for managing various digital assets along with our native digital asset, DIAM. Using DIAM Wallet, users can easily send, receive, and manage different cryptocurrencies, including both ERC-20 and BEP-20 versions of DIAM. Apart from DIAMs, users can also manage any tokens present in the Ethereum, Binance and TRON networks.

With DIAM Wallet, users can enjoy low-cost and fastest transactions at 0.0000024 USD/transaction and 7500 transactions per second. Built on the finest and the most secure Diamante Net, users can rest assured that their digital assets are safe. They have complete control and full ownership of their accounts. DIAM Wallet is available on both the App Store and Play Store—interested folks can download and start using it.

Recently, we have introduced play & earn DIAM games, and more are in the pipeline.

How is Diamante Net leveraging blockchain, gaming, and NFTs to drive innovation in the gaming industry and support the creator economy?

We are leveraging Diamante Net into diverse industries. Let’s say entertainment: we’re working closely with Bollywoodirect, an Indian-based entertainment platform, to develop its ecosystem around the creator economy. Mintify is our other platform that allows users to create and manage NFTs with advanced features like customizable metadata and royalty distribution.

Recently, we have partnered with ABGA, a major gaming alliance focused on Web3 games. The company is supported by prominent institutions in the Web3 industry. Through this collaboration, we aim to strengthen the gaming ecosystem by leveraging the power of Diamante Net and build prominent gaming communities globally.

We are also developing other platforms supporting play-to-earn models, where players can earn cryptocurrency and NFTs by participating in games. These sorts of games not only boost player engagement but also open up new income opportunities for gamers.

More platforms are in the development stage, facilitating decentralized marketplaces for buying, selling, and trading digital assets. These platforms empower gamers and creators to operate in a free market without relying on centralized intermediaries.

How does Diamante Net differentiate itself from other global blockchain networks, and what unique advantages does it offer users and businesses?

Diamante Net stands out as a leader in offering 4th generation, layer-1 hybrid blockchain-based solutions. Our proprietary blockchain protocol is designed for high-speed, enhanced security and versatility, enabling secure and low-cost transactions. This sets us apart from other networks.

Our ecosystem is powered by DIAM, our native digital asset that supports a wide range of use cases, from digital payments and tokenization to supply chain management and various applications already built on our network. This versatility allows us to cater to diverse industries, including healthcare, insurance, banking, trade, and travel, addressing their critical challenges around scalability, interoperability, and security.

Diamante Net also supports advanced features like Real World Assets (RWA), Decentralized Physical Infrastructure Networks (DePIN), gaming, the creator economy, and layer-2 solutions, making it a powerful and versatile platform. Our commitment to sustainability and innovation ensures that our solutions are not only technologically advanced but also contribute positively to the broader ecosystem.

Importantly, Diamante Net has a high-performance, scalable, and secure architecture that supports cross-chain compatibility. Thanks to the Federate Byzantine Agreement (FBA) consensus mechanism, it can handle 10 million daily transactions with impressive speed and low latency. The integration of diverse interoperability solutions, such as the Sync Bridge and Binance Greenfield Chain, further sets us apart.

Our user-friendly interfaces and robust developer tools differentiate us from other blockchain networks, making it easier for users and developers to interact with our platform. We’ve also strengthened collaborations with tech partners, including Hyperledger Fabric community solutions for Diamante Net integration.

These capabilities combined make Diamante Net a compelling choice for businesses and individuals seeking cutting-edge blockchain solutions.

What are the groundbreaking innovations, strategic collaborations, and future developments underway in the Diamante Blockchain ecosystem, and how will they transform various industries and sectors?

One of the most significant milestones for us was establishing a strategic partnership with the Private Office of Highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan, the Royal Family of Abu Dhabi. This partnership aims to expand our ecosystem to the Middle East and build population-scale solutions with blockchain and AI technologies. It’s a game-changer for fostering a startup ecosystem and promoting cultural exchange between India and the MENA regions.

We’re also thrilled to announce that our native digital asset, DIAM, is ready to be listed on all leading exchanges. This is a major step forward for our 1million+ strong growing community and the world. We’re hosting global hackathons and alliances to boost engagement with our community and developer engagement with Diamante Net.

We’re constantly expanding our operations into new geographies, attending major global events in Vietnam, the Middle East, Japan, Korea, South America and the USA in the coming months and are already exploring potential business synergies there. We’re excited to forge new partnerships and collaborate with key stakeholders in this dynamic space.

Source : IBTimes

  • Share :

Related Posts

scroll to top