BSTZ is the digital asset issued by the Gemstone Token Singapore Foundation, with a total supply of 1.5 billion tokens that will never be increased, burning until reaching 500 million. It is positioned for application in the gemstone cultural industry, making the circulation process of gemstones transparent and guiding the digitization of gemstone assets. This will build a value system on the blockchain for the gemstone industry.
BSTZ will record important data from the raw materials to the finished product and throughout the circulation process of gemstones. Through blockchain technology, combined with big data processing capabilities, it will work with regulatory authorities, third-party institutions, and brand merchants to jointly establish a traceability system for the gemstone industry. This aims to foster a community economy ecosystem where producers, sellers, consumers, investors, and service providers can collaborate. The economic model can be extended to various sub-sectors, including but not limited to Xiuyu jade, Hetian jade, agate, chicken blood stone, jadeite, Shoushan stone, amber, fossilized resin, turquoise, quartz, diamonds, precious metals, antiques, and related collectibles.