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Hari Krishna Partners with Blockchain Firm
May 31, 2018 9:02 AM
By Rapaport News
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RAPAPORT... Hari Krishna (HK) Group will receive technological backing
from blockchain company Everledger for its diamond-provenance program.
Everledger will cryptographically certify HK stones destined
for the Indian manufacturer’s “My Diamond Story” brand, letting consumers track
a stone’s journey from rough to finished jewelry. The arrangement will enable
storage of information about those diamonds on Everledger’s blockchain-based
platform, the companies said in a joint statement Thursday.
“Utilizing Everledger’s long-standing diamond blockchain
platform can help us to further strengthen our product offering to the industry,
and especially the end consumer,” said Ghanshyam Dholakia, HK’s managing
director. “We are confident that this major innovative step will be a boost to
our jewelry business.”
Everledger, which has been tracing diamonds using a digital
ledger since 2015, developed the blockchain the Gemological Institute of America
is piloting with retailer Chow Tai Fook. The technology company is also working with Indian
manufacturer Dharmanandan Diamonds on a blockchain initiative.
Image: A cutter at Hari Krishna
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Tags:
Blockchain, Chow Tai Fook, Dharmanandan Diamonds, Everledger, Gemological Institute of America, GIA, Hari Krishna, India, Manufacturing, provenance, Rapaport News, technology
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