Everledger Platform Update to Boost Post-Pandemic Recovery in The Diamond Industry

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New version of its blockchain platform supports demand generation, sustainability and compliance for manufacturers and jewellery retailers, also announces its new bridge funding through the UK government’s Future Fund and Tencent.


LONDON, UK – Media OutReach – 15 July 2020 – As the diamond industry adapts to the disruption of the
COVID-19 pandemic, Everledger has launched of a new version of the Everledger
Platform, with additional features that match the supply and demand of stones
based on criteria set by potential buyers. True to its mission, Everledger
brings additional transparency to the industry by capturing key characteristics
of the stones on the platform: diamond quality, sustainability footprint and
compliance standards.


Due to the lockdown in major cities across the world,
many jewellery retailers and diamond manufacturers closed and there was supply
chain uncertainty. To address this before markets begin opening up, and in time
for the peak season of Double 11, Christmas and Chinese New Year, Everledger is
providing a secure application that will help to improve recovery.

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Commenting, Everledger CEO Leanne Kemp said: “For most
crises, there’s a life cycle. We are now beginning to see green shoots
especially in Asia and particularly China, significant signs of recovery as
demonstrated recently by the record breaking 618 sale. Consumption is on a steady rise in China
and particularly on ecommerce channels which have experienced a significant
sales boost over the lockdown period.”


The new version of the Everledger Platform
specifically aids demand generation for retailers searching for diamonds based
on their sustainability efforts, credentials and compliance standards. Of
course, this goes the other way, by matching suppliers who want to securely
share diamond, sustainability and compliance data with individual retailers,
brands or groups of retailers.

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Ms Kemp complemented: “This enriched release of the
Everledger Platform is open for the diamond industry, as we work hard over the
next couple of months to provide the same level of transparency across the
other industries we work with, such as Wine and Spirits, Luxury and Apparel,
and Circular Economy, especially managing the life cycle of batteries in Electric
Vehicles and Portable Electronics.”


Like-minded partners

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A key improvement in the platform is the increased
support for demand generation. Everledger offers a privileged networking tool
for connecting like-minded retailers and suppliers. The Search function
provides a match-making tool, allowing participants to search criteria across
three main categories: Diamond Quality, Sustainability Efforts and Compliance
Standards. This allows suppliers to boost their sales, while sharing data
around their efforts to reduce carbon impact and adhere to high compliance standards.

Read Also:  Coronavirus Impact: People Matters TechHR Singapore postponed to September 2020


With Automated Data Sharing, suppliers can create
diamond data sharing rules to ensure new and updated diamond data is shared
with retailers automatically. This offers the opportunity to reach more
retailers as their ecosystem grows.


Ever more transparency


Transparency remains a bedrock of the updated
Everledger Platform. An exciting evolution is the introduction of Badges. These
proof-points (e.g. carbon offsetting certifications, Kimberley Process
certificate, invoices, etc.) reveal a diamond’s origin, characteristics, and
compliance standards, thus enabling the value chain to trade with higher
degrees of confidence.

Using the Access Control List, manufacturers and
retailers can determine different access rights for their data on the platform,
ensuring the highest levels of data privacy and control, both within their
company and to select partners. With
this upgraded platform, Everledger is enhancing its reputation for
blockchain-powered privacy and security. Everledger was certified ISO 27001 last
year, which represents the highest level of security management for sensitive


Today’s launch focuses predominantly on the diamond
industry and its key stakeholders, but the platform will soon carry
transferable features through to all verticals, including fine wines,
gemstones, e-waste, apparel and luxury goods.


Strengthening its position to
lead the future of transparency


The launch of Everledger’s new platform comes off the
back of a USD7 million funding round from the UK Government’s Future Fund and
Tencent. Tencent has continued its investment in Everledger, following the
company’s $20 million series A funding round at the back end of last year.


Ms Kemp emphasised the importance of China for
Everledger: “Last year we launched the world’s first WeChat Mini Program for
blockchain-enabled diamonds, and this year we’ll be announcing a partnership
with one of China’s largest e-commerce companies. Having Tencent on board is
invaluable for strengthening and extending our developments in China.”

Everledger Platform Update to Boost Post-Pandemic Recovery in The Diamond Industry

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Latest News

New entrant AECO Energy launches business innovation to deliver ‘last mile of value chain’ to Singapore’s maturing open electricity market

  • AECO Energy announces the launch of its operations in Singapore to provide innovation to the open electricity market for businesses with generation 2.0 of its technology and service offerings.
  • The company will introduce three solutions as part of its initial portfolio, customisable to specific business needs.
Read Also:  Geo Energy Resources Limited Honored at the Asia Pacific Enterprise Awards 2020

SINGAPORE - Media OutReach - 13 April 2021 - AECO Energy, a new entrant to Singapore's electricity sector, has today announced the launch of its operations. AECO Energy will be the first-of-its kind energy technology and services company aimed at innovating customer-centric offerings in electricity and renewable energy markets.

With over 12 years of experience in delivering open market electricity services and solutions to businesses in Australia under the Power Choice brand, AECO Energy is bringing its second generation of services and technology to Singapore for the first time. AECO's second generation delivers on two major offerings.

Firstly, AECO delivers the 'last mile' of value in Singapore Open Electricity Market (OEM) value chain by providing innovative services to assist businesses to manage, plan and make better buying decisions.

AECO is all about enabling increased profits for businesses. AECO has a customer-centric mission to use its low-cost proven technology and expert-led services to enable better business decisions within a complex electricity market with multiple providers and opaque medium- to long-term pricing information. This comes against the backdrop of Singapore's maturing OEM, which gives businesses and consumers the autonomy to buy and choose their electricity providers - the freedom to choose.

AECO Energy's technology platform, MarketPro™ with its unique, electricity futures market simulator Rate Watch™, delivers business and electricity efficiency and empowers businesses through relevant and timely pricing information, while also helping Singapore businesses make better buying decisions via automated tenders and reverse auctions. Moreover, for businesses who do not have the capability and capacity to manage and purchase its own electricity, AECO Energy Portfolio™ delivers scalable buying power with a fully-managed contract management and purchasing aggregation service for small, medium and large businesses.

Alan Jones, CEO, Chairman & Founder, AECO Energy, said: "We are incredibly excited and humbled to be joining Singapore's dynamic energy scene with our low-cost, high-value products and services. Our mission is clear: just like Amazon is revolutionising the 'last mile' of product supply chains with its same day delivery, we are also delivering the 'last mile' of the value chain in Singapore's OEM that enables more businesses better purchasing decisions, more business profitability and growing all of Singapore's economy."

Secondly, with SGX-listed entities, enterprises and multinational corporations (MNCs)' increasing emphasis on sustainability, AECO (through its SustainPro™ offering) will bring for the first-time in Singapore the benefit of AECO's direct relationship with generators of International Renewable Certificates (I-REC). This enables Southeast Asian markets the benefit of medium- to long-term low-cost and structured REC solutions to meet renewable energy targets and sustainability goals. This translates to more profits by providing more predictable costs for businesses in meeting their sustainability and renewable energy goals.

"As a specialised company, unburdened with corporate overheads and distractions from Singapore's local market participants, we can offer companies who are based anywhere in Southeast Asia, sustainability and renewable energy solutions that span markets and countries at a lower and more predictable price. We are honoured to play our part to bring sustainability and increased renewable energy throughout the world and to do so while benefiting our customers' cost structures," continued Mr. Jones.

AECO Energy is introducing three offerings as part of its electricity management solutions:

  • MarketPro™: Businesses can optimise costs and seize market opportunities with exclusive access to customised market price information through AECO Energy's integrated online procurement and management platform equipped with Rate Watch™, a market simulation and automated procurement technology from as low as SGD $149 per month.
  • Portfolio™: Businesses get exclusive access to economies of scale with better buying power through professional and expert-managed energy procurement portfolios overseen by AECO Energy experts. This allows enterprises to focus on their core business while AECO Energy experts will fully-manage their electricity contracts and make better buying decisions on their behalf from as low as an additional SGD $74 per month.
  • SustainPro™: SustainPro focuses on helping businesses meet their sustainability goals at the lowest cost. AECO Energy offers lower costs on the procurement of Renewable Energy Certificates (RECs) and tailored REC supply solutions designed to meet transition needs towards a more sustainable business.

"With the understanding that business needs are unique for every organisation, our energy experts will work closely with customers here in Singapore to help them reduce costs, drive efficiency and make better buying decisions. By providing technology-enabled, insights-driven energy technology solutions, we want to create a profound impact on our customers' businesses to better position them for sustainable growth in the long-term," concluded Alan.

About AECO Energy:

Based in Singapore, the AECO Pacific Group owns and operates the Power Choice and AECO Energy brands. A leading pioneer for more than 12 years in electricity brokerage and consulting services in Asia Pacific focusing on deregulated electricity markets, AECO Pacific helps businesses with electricity procurement and management backed by market intelligence. Transforming and saving businesses more, AECO's combined experience in energy leadership and innovative technology solutions remain unmatched in dynamic and changing energy markets. For more information, visit https://powerchoice.com.au/ and https://aecoenergy.sg/.

Everledger Platform Update to Boost Post-Pandemic Recovery in The Diamond Industry - Brand Spur
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