Exploring Diamante Blockchain with Founder and COO Chirag Jetani

Chirag
Jetani
discusses
how
Diamante
Blockchain
is
changing
the
industry
with
unique
solutions
in
an
exclusive
interview.

In
this
exclusive
interview,
we
sit
down
with
Chirag
Jetani,
Founder
and
COO
of
Diamante
Blockchain,
to
delve
into
the
unique
capabilities
and
solutions
that
Diamante
Blockchain
brings
to
the
market.
With
a
focus
on
offering
cutting-edge,
4th-generation,
layer-1
hybrid
blockchain-based
solutions,
Diamante
Blockchain
is
enriching
various
industries
by
addressing
key
challenges
in
scalability,
interoperability,
and
security.

Chirag
shares
insights
into
how
their
proprietary
blockchain
protocol,
Diamante
Net,
is
designed
for
high-speed,
secure,
and
versatile
transactions,
powered
by
their
native
digital
asset,
DIAM.
He
discusses
the
impact
of
DIAM
within
their
ecosystem
and
highlights
the
diverse
applications
and
dApps
developed
on
their
network
that
cater
to
industries
such
as
finance,
healthcare,
gaming,
and
more.

Join
us
as
Chirag
Jetani
shares
the
journey
of
creating
Diamante
Blockchain,
the
challenges
faced,
and
the
exciting
future
developments
that
lie
ahead
in
their
mission
to
drive
global
adoption
in
the
blockchain
space.

1. 
   Can
   you
   tell
   us
   about
   the
   unique
   capabilities
   that
   Diamante
   Blockchain
   brings
   to
   the
   market?

As
a
leader
in
offering
4th
gen,
layer-1
hybrid
blockchain-based
solutions,

Diamante
Blockchain
brings
several
unique
capabilities
to
the
market.
Our
proprietary
blockchain
protocol,
Diamante
Net,
is
designed
for
high-speed,
enhanced
security,
and
versatility,
enabling
secure
and
low-cost
transactions.
Our
ecosystem
is
powered
by
DIAM,
our
native
digital
asset
built
on
the
top
of
our
network
that
supports
various
use
cases
including
digital
payments,
tokenization,
supply
chain
management,
and
a
wide
range
of
applications
already
being
built
on
our
network. 

Our
innovative
blockchain
and
AI
solutions
cater
to
the
diverse
needs
of
various
industries,
from
healthcare,
insurance,
banking,
trade,
and
travel,
while
addressing
the
industry’s
critical
challenges
around
scalability,
interoperability,
and
security.
In
addition
to
these,
Diamante
supports
advanced
features
like
Real
World
Assets
(RWA),
Decentralized
Physical
Infrastructure
Networks
(DePIN),
gaming,
the
creator
economy,
and
layer-2
solutions,
making
it
a
versatile
and
powerful
platform
for
diverse
applications.

Moreover,
our
commitment
to
sustainability
and
innovation
ensures
that
our
solutions
are
not
only
technologically
advanced
but
also
contribute
positively
to
the
broader
ecosystem.
By
fusing
innovation
and
technology,
we
aim
to
offer
sustainable
solutions
solutions
that
drive
efficiency
and
growth
across
different
sectors.

2. 
   There
   are
   several
   scalability
   and
   speed
   challenges
   in
   the
   current
   blockchain
   space.
   How
   do
   you
   believe
   Diamante
   addresses
   these
   issues?

With
the
innovative
architecture,
Diamante
Net,
and
the
use
of
the
Federated
Byzantine
Agreement
(FBA)
consensus
mechanism,
we
are
able
to
solve
the
major
challenges
in
the
current
decentralization
space.
Our
network
excels
in
terms
of
transactions
by
processing
them
in
less
than
3-5
seconds
and
handling
around
10
million
transactions
daily
with
a
throughput
of
over
7500
transactions
per
second
(TPS).
Our
network
ensures
high
scalability
without
compromising
security
and
allows
seamless
interoperability
across
diverse
applications
and
networks.

3. 
   Could
   you
   elaborate
   on
   the
   role
   and
   impact
   of
   DIAM
   Coin
   within
   the
   Diamante
   ecosystem?

DIAM
is
central
to
our
ecosystem.
It
facilitates
secure
and
efficient
transactions,
enabling
platform
governance
and
providing
access
to
our
dApps.
As
a
native
digital
asset
of
our
ecosystem,
DIAM
reduces
transaction
fees
and
enhances
security
with
its
anti-spamming
mechanism.
DIAM
also
enables
users
to
access
exclusive
features
within
our
suite
of
applications,
thereby
increasing
user
engagement
and
utility.

4. 
   What
   are
   some
   of
   the
   key
   dApps
   developed
   on
   Diamante
   Network
   and
   how
   do
   these
   dApps
   integrate
   with
   DIAM
   Coin
   to
   enhance
   the
   blockchain’s
   utility
   and
   user
   experience?

Well,
we
have
a
wide
range
of
dApps
that
solve
major
challenges
in
realms
such
as
finance
(banking,
payments,
accounting,
CBDCs),
textiles,
gaming,
tokenization
&
NFTs,
and
exchanges. 

We’ve
got


PayCircle,
a
super
app
to
make
digital
payments
instantly.
It
supports
multiple
currencies,
both
Fiat
transactions
and
digital
asset
trading.
The
app
is
for
both
individuals
and
businesses—It
has
features
like
split
&
pay,
schedule
payments
and
set
recurring
payments,
and
more.

We
also
have


DiamCircle
which
offers
a
platform
to
build
dApps
and
is
open
for
developers
across
the
globe.
Independent
developers
and
businesses
can
integrate
Diamante
Net
into
their
platforms
or
utilize
the
network
infrastructure
to
build
innovative
dApps
and
exchange
platforms.

While
our
other
platform,

MudraCircle,
provides
CBDC
solutions
to
central
banks
and
financial
institutions,

MetaCircle
offers
virtual
banking
solutions
that
solve
the
major
challenges
in
traditional
banking.

We
also
have
a
few
dApps
currently
in
the
alpha
stage
on
the
Diamante
Net,
we
have

• 
  
  CreditCircle:
  Offers
  easy
  and
  fast
  loans
  against
  cryptocurrencies,
  allowing
  users
  to
  instantly
  monetize
  their
  crypto
  assets
  without
  the
  need
  to
  sell
  them.
• 
  Mintify:
  A
  platform
  for
  creating
  and
  managing
  NFTs
  with
  customizable
  metadata
  and
  royalty
  distribution.
• 
  ChainX:
  A
  cryptocurrency
  exchange
  platform
  for
  fast,
  secure,
  and
  cost-effective
  digital
  asset
  trading.
• 
  NodeHRM:
  It
  is
  a
  software
  that
  streamlines
  HR
  tasks,
  offering
  seamless
  employee
  management.
• 
  ChainCRM:
  It
  is
  a
  tool
  for
  enhancing
  business-customer
  relationships
  and
  helping
  with
  easy
  sales
  and
  leads
  management.
• 
  Token
  Tool:
  The
  platform
  facilitates
  the
  creation
  and
  distribution
  of
  tokens
  easily.

As
a
common
space,
all
the
dApps
are
developed
on
our
network
and
utilize
DIAM
to
streamline
transactions
and
provide
interactive
user
experience,
thus
increasing
the
utility
of
blockchain
and
AI
technologies.

5. 
   Diamante
   Blockchain
   prioritizes
   security
   and
   efficiency.
   Can
   you
   elaborate
   on
   how
   the
   blockchain
   accomplishes
   this? 

Security
and
efficiency
are
our
top
priorities,
no
doubt!
We
strive
to
safeguard
user
data
and
assets,
and
maintain
confidentiality
over
their
transactions
through
multi-layer
authentication
and
advanced
encryption
measures. 

Our
network,
Diamante
Net,
is
fortified
with
a
multi-layer
authentication
mechanism
and
anti-spamming
controls,
ensuring
that
only
authenticated
users
and
stakeholders
can
participate
in
transactions.
Additionally,
our
encryption
mechanism
is
built
upon
the
underlying
principles
of
Fully
Harmonic
Encryption
(FHE),
reducing
the
computational
requirements
for
encryption
and
decryption
of
data
within
the
network.
This
comprehensive
approach
to
security
and
encryption
not
only
safeguards
sensitive
information
but
also
enhances
the
efficiency,
reliability,
and
security
of
our
blockchain
network.

6. 
   Can
   you
   talk
   about
   the
   ways
   in
   which
   Diamante
   Network
   provides
   a
   competitive
   advantage
   over
   other
   blockchain
   platforms?
   

As
mentioned
earlier,
our
decentralized
infrastructure
powered
by
the
FBA,
Federated
Byzantine
Agreement
consensus
mechanism
ensures
rapid
transactions
within
3-5
seconds.
This
speed
significantly
outpaces
many
existing
platforms
and
positions
us
as
a
leader
in
efficiency.

Another
competitive
advantage
lies
in
the
cross-chain
compatibility
that
further
distinguishes
Diamante
Network,
enabling
seamless
integration
with
other
major
blockchain
networks
like
Hyperledger
Fabric
and
Binance
Greenchain.
This
interoperability
expands
our
reach
and
enhances
liquidity,
providing
users
with
a
robust
and
flexible
platform.

Security
and
compliance
are
fundamental
to
our
operations.
We
have
established
rigorous
security
protocols
and
a
proactive
bug
bounty
program
to
ensure
the
integrity
of
our
network
and
build
trust
among
our
users.
Our
integration
of
AI
enhances
the
efficiency
and
user
experience
of
our
platform,
providing
advanced
features
like
predictive
analytics
and
intelligent
transaction
processing.

The
scalability
and
market
traction
of
Diamante
Net
are
evident
in
our
achievements.
With
nearly
125
nodes
ready
for
deployment
and
217
dApps
developed,
we
are
well-positioned
for
continued
growth.
For
example,
in
the
healthcare
sector,
the
Diamante
Network
ensures
secure
and
immutable
patient
data
management,
significantly
improving
service
efficiency
and
confidentiality.
This
application
showcases
our
commitment
to
leveraging
blockchain
technology
for
solving
real-world
problems
and
reinforcing
our
position
as
a
leader
in
the
digital
landscape.

7. 
   As
   Diamante
   looks
   to
   expand
   globally,
   particularly
   into
   markets
   like
   the
   UAE,
   USA,
   and
   India,
   what
   strategies
   are
   you
   employing
   to
   navigate
   the
   regulatory
   landscapes
   of
   these
   regions?

Our
legal
teams
employ
proactive
strategies
involving
engaging
with
local
regulatory
bodies.
They
understand
compliance
requirements
while
establishing
partnerships
with
key
stakeholders.
Our
global
strategic
collaborations
with
the
Private
Office
of
Highness
Sheikh
Mohamed
Bin
Ahmed
Bin
Hamadan
Al
Nahyan
–
the
Royal
Family
of
Abu
Dhabi
reflect
our
commitment
to
fostering
high-level
relationships
that
drive
innovation
and
growth
in
multiple
geographies.

Our
strategic
partnerships
with
Credshield
and
our
compliance
with
global
auditing
standards
through
partners
like
CertiK
showcase
our
dedication
to
excellence.
Additionally,
our
technical
alliances
with
Binamite,
HyperSign,
and
MetaDoge
Unity
signify
our
efforts
to
advance
our
technical
capabilities.
Our
community
partnerships
with
Web3Connect
Global
and
ActualOne
symbolize
our
zeal
to
foster
a
vibrant
developer
community
and
further
drive
the
positive
impact
and
growth
of
our
ecosystem.

We
have
established
key
partnerships
with
renowned
organizations
such
as
AWS
and
Azure,
providing
robust
cloud
infrastructure,
and
other
strategic
partnerships
with
Indian
Banks’
Digital
Infrastructure
Company
(IBDIC),
QuillAudits,
TransUnion
and
TransBnk,
etc.
DAOstruct
aids
us
in
building
a
strong
developer
community,
while
Union
Bank
and
Ujjivan
SFB
support
us
in
expanding
our
reach
in
the
financial
sector.
These
strategic
partnerships
and
collaborations
help
us
develop
innovative
applications
and
offer
sustainable
solutions.

8. 
   Creating
   something
   so
   unique
   in
   its
   functionalities
   couldn’t
   have
   been
   easy.
   Can
   you
   share
   some
   challenges
   you
   faced
   while
   creating
   Diamante
   Blockchain?

Creating
Diamante
Blockchain
was
both
challenging
and
rewarding.
One
of
our
main
challenges
was
ensuring
scalability
without
compromising
security.

Building
a
skilled
and
dedicated
team
was
essential.
We
brought
together
experts
in
blockchain,
finance,
cybersecurity,
and
AI,
aligning
them
with
our
vision
of
revolutionizing
various
industries.
Encouraging
a
collaborative
culture
and
clear
communication
helped
us
navigate
technical
complexities
and
regulatory
challenges
effectively.

Achieving
cross-chain
compatibility
with
major
networks
like
Hyperledger
Fabric
and
Binance
Greenchain
required
significant
technical
expertise
and
innovative
solutions.
Additionally,
integrating
AI
to
enhance
efficiency
and
user
experience
added
another
layer
of
complexity.

Through
strong
leadership
and
a
united
team
effort,
we
overcame
these
obstacles,
resulting
in
a
robust
and
versatile
blockchain
platform
that
stands
out
across
multiple
sectors.

9. 
   Looking
   ahead,
   what
   are
   the
   big
   upcoming
   developments
   or
   innovations
   within
   the
   Diamante
   ecosystem?
   What
   does
   the
   future
   look
   like
   for
   Diamante? 

Our
goal
is
to
make
Diamante
Blockchain
a
world
leader
in
innovation
across
various
industries
with
our
strong
network,
Diamante
Net.
To
do
this,
we’ll
keep
improving
our
technologies
to
ensure
fast
and
secure
transactions
and
better
compatibility
with
other
blockchains. 

We’ll
create
tailored
blockchain
solutions
for
different
sectors
and
engage
the
global
community
to
foster
innovation
and
find
new
opportunities.
Forming
strategic
partnerships,
upholding
top
security
and
compliance
standards,
and
integrating
advanced
AI
and
data
analytics
are
key
parts
of
our
plan. 

Additionally,
we
are
working
closely
with
legal
bodies
across
the
globe
to
increase
the
adoption
of
blockchain.
These
efforts
will
help
us
build
a
groundbreaking
blockchain
ecosystem
that
promotes
global
adoption
and
drives
innovation.

To
learn
more,
visit

Diamante
Blockchain,

Socials,
and

DiamCircle,
and
its

Socials.