Brisbane-based Everledger, which used blockchain technology to track the provenance of diamonds and other precious goods, has been quietly placed into voluntary administration after expected investor funding failed to happen. The move came despite it securing backing from the federal government and Chinese internet giant Tencent.
The company was founded in 2015 by serial entrepreneur and former Queensland chief entrepreneur Leanne Kemp, as a way to use blockchain technology to track the provenance of diamonds.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
