NFT Based Gemstone Trading And Tracking Plateform of Pakistan

Abstract

In Pakistan, the absence of a proper gemstone marketplace and the issues of trust, security, and transparency in existing platforms severely hinder seamless buying and selling of gemstones. To address these challenges, we have made NFT BASED TRACKING AND TRADING PLATFORM OF PAKISTAN known as Gemzon which introduces a unique solution through a comprehensive web and mobile application platform designed to serve as a global gemstone trading hub. Gemzon’s platform incorporates advanced technology, including a custom-built Bluetooth-enabled hardware device that allows users to capture high-quality images of gemstones in a controlled environment while listing gemstones. This setup ensures proper lighting and eliminates noise and shadows, resulting in superior images. The captured images are then sent directly to an AI-driven CNN module trained using DCGAN module via the mobile app. This module authenticates the gemstones, allowing only genuine gemstones to be listed on the platform, thereby ensuring transparency and trust. Once a gemstone is verified, it is listed on the Gemzon platform, making it available for potential buyers. Simultaneously, the gemstone’s credentials, including its history of ownership, are posted on the blockchain. This decentralized ledger ensures that all transactions are transparent and traceable, further enhancing the platform’s credibility. Gemzon also facilitates digital ownership transfers without the need for physical exchanges through sophisticated smart contract technology, streamlining the resale process for gemstone owners. The platform supports both a user-friendly web application and a mobile app, allowing users to browse and trade gemstones e↵ortlessly on the go. In conclusion, Gemzon emerges as a beacon of trust, innovation, and simplicity within the realm of precious gemstone trading. Gemzon aims to revolutionize the gemstone market and empower individuals worldwide to indulge in a captivating and secure gemstone trading experience by leveraging the power of NFTs, a meticulous verification process, and a secure trading environment.