Hari Krishna Partners with Blockchain Firm

RAPAPORT... Hari Krishna (HK) Group will receive technological backingfrom blockchain company Everledger for its diamond-provenance program. Everledger will cryptographically certify HK stones destinedfor the Indian manufacturer's "My Diamond Story" brand, letting consumers tracka stone's journey from rough to finished jewelry. The arrangement will enablestorage of information about those diamonds on Everledger's blockchain-basedplatform, the companies said in a joint statement Thursday. "Utilizing Everledger's long-standing diamond blockchainplatform can help us to further strengthen our product offering to the industry,and especially the end consumer," said Ghanshyam Dholakia, HK's managingdirector. "We are confident that this major innovative step will be a boost toour jewelry business." Everledger, which has been tracing diamonds using a digitalledger since 2015, developed the blockchain the Gemological Institute of Americais piloting with retailer Chow Tai Fook. The technology company is also working with Indianmanufacturer Dharmanandan Diamonds on a blockchain initiative. Image: A cutter at Hari Krishna