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Taylor&Hart: Jewelry That Tells a Story, Powered by Blockchain Technology

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On April 13th, Taylor&Hart, a jewelry company using blockchain technology, completed a £ 3.5 million (approximately $4.37 million) financing, which will be used to develop its tech

Taylor&Hart: Jewelry That Tells a Story, Powered by Blockchain Technology

On April 13th, Taylor&Hart, a jewelry company using blockchain technology, completed a £ 3.5 million (approximately $4.37 million) financing, which will be used to develop its technology and enhance brand awareness. Taylor&Hart uses blockchain technology to enable customers to track every step of their diamond journey, using a transparent, digital first, and collaborative design process that allows customers to customize engagement rings.

Blockchain startup Taylor& Hart completed £ 3.5 million financing

As the world becomes more digitized, blockchain technology is beginning to make its way into various industries, and the jewelry industry is no exception. Taylor&Hart, a progressive jewelry company, has taken blockchain to the diamond industry, revolutionizing the way customers purchase custom engagement rings. With its latest financing, the company is set to enhance brand awareness and develop its technology further. In this article, we will discuss what makes Taylor&Hart innovative and how it is using blockchain technology to create a new standard in the jewelry industry.

The Story Behind Taylor&Hart

Taylor&Hart is a diamond-centered company that specializes in handcrafting unique engagement rings for its customers. The brand was founded in 2013 by three entrepreneurs, David Sutton, Nikolay Piriankov, and Shane Jain, who aimed to change the traditional, impersonal experience of buying an engagement ring by making it as personalized and interactive as possible.
The company’s mission is to provide diamond buyers with a personalized jewelry experience that tells a love story, driven by technology. By leveraging technology and customization, Taylor&Hart aims to be the go-to brand for those who want something one-of-a-kind that speaks about their love and commitment.

Diamond Journey Tracking with Blockchain

One of the most challenging aspects of the diamond industry is traceability. It is often challenging to track the origin of a diamond, and there have been ethical concerns and controversies over the years. Taylor&Hart uses blockchain technology to help customers trace the journey of their diamonds from the mine to the jeweler.
Blockchain technology is a distributed ledger that allows for the public record of transactions, making it hard for anyone to change a record without everyone knowing. By using blockchain technology, Taylor&Hart guarantees the diamonds it uses are ethically sourced, and the customers can trace the diamond’s journey from the mine, to the cutter, to the jeweler.
The blockchain also acts as an immutable database that logs every step a diamond takes in the production chain. This means customers can track the history of their diamond, including how and when it was cut and polished, enhancing trust and transparency in the diamond industry.

Collaborative Design Process

Taylor&Hart has created a collaborative design process that allows customers to have a personalized design experience that tells their unique love story. They can customize the ring design, diamond settings, and even the look and feel of the entire piece.
Customers are given an interactive online portal that allows them to view 3D designs of their ring before it is made. By using blockchain technology alongside a collaborative design process, Taylor&Hart creates a dynamic, personalized experience that is transparent and interactive.

New Financing: What’s Next for Taylor&Hart?

On April 13th, Taylor&Hart announced that it had raised £3.5 million (approximately $4.37 million) in financing, which will be used to develop its technology and enhance awareness of its brand. The company plans to use the new funds to enhance the online customization experience for their customers, improving their platform’s usability and making it more interactive.
Additionally, the company plans to expand its reach globally, with the United States being a top priority. The financing will also be used to establish a new London store and expand the team.

Conclusion

Blockchain technology has been used in various industries from art to real estate, and now it’s the jewelry industry’s turn. Taylor&Hart is revolutionizing the way jewelry is purchased and bringing a new level of customization to the engagement ring buying experience.
By using blockchain technology alongside its collaborative design process, the company guarantees the quality of the diamonds it sources, allowing customers to have a transparent and interactive experience. With its new financing, Taylor&Hart is set to expand its reach and further enhance its technology, making personalized engagement rings even more accessible.

FAQs

**Q1. What makes Taylor&Hart different from other jewelry companies?**
Taylor&Hart has a unique, collaborative design process that allows customers to create a personalized engagement ring that tells their unique love story. The company also uses blockchain technology to track every step of a diamond’s journey, ensuring that it’s sourced ethically and of the highest quality.
**Q2. How does Taylor&Hart use blockchain technology?**
Taylor&Hart uses blockchain technology to create a ledger of every step in a diamond’s journey, from the mine to the jeweler. This ensures that customers know exactly where their diamond comes from and ensures that ethical sourcing is always followed.
**Q3. What are Taylor&Hart’s plans for expansion?**
Taylor&Hart plans to use its new financing to expand globally, with the United States being a top priority. The company also plans to improve its interactive platform and establish a new London store, expanding the team.
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