by Apparel Resources News-Desk
02-July-2019 | 3 mins read
The blockchain can make India’s textile and apparel supply chains transparent and traceable. That’s what the industry experts believe!
Conforming with the same thoughts, industry stakeholders are now coming forward to create awareness among the industry about the latest technologies and motivate them to go for such interesting and impactful solutions.
In concert with the Aspen Network of Development Entrepreneurs (ANDE), Circular Apparel Innovation Factory (CAIF) recently hosted a workshop in Bangalore titled, “Supply Chain Transparency: Blockchain for Circular Fashion.”
Over 70 representatives from companies like Aditya Birla Fashion and Retail to IBM and the GOTS (Global Organic Textile Standard) discussed and ideated blockchain solutions for increased transparency and traceability in the garment industry.
Notably, CAIF has been at the forefront of developing stakeholders’understanding of emerging technologies’ role in making India’s textile and apparel industry more sustainable.
Startups such as InfiniChains and TrusTrace presented their pilots to illustrate blockchain’s potential for circular fashion. Parth Patil, CEO, InfiniChains, a blockchain provider, explained that blockchain is not a database. Rather, it is a record-keeping system distributed amongst a network of computers.
Unlike a spreadsheet, no one party can manipulate the records of the transactions. Moreover, all data is updated in real time without the need to manually coordinate and validate transactions. Participating firms can seamlessly monitor contracts. The potential time and costs saved by this technology make it attractive for those working in industries with fragmented supply chains, such as the textile and apparel industry.
It was also highlighted in the workshop that how TrusTrace provides brands such as Sweden’s Filippa K with the technology necessary to trace their supply chain from fibre to garment. Through TrusTrace, Filippa K has been able to seamlessly identify their energy consumption, cost of labour and production capacity. The brand communicates this information to their customers, who can evaluate the data and the garment’s journey for themselves.
It is conceivable that the blockchain-enabled increase in transparency and traceability reinforces customers’ loyalty to Filippa K and further cements their reputation as a value-driven brand.
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