IBM and Kaya&Kato tap blockchain tech for sustainable clothing project
IBM and Kaya&Kato, a textile company that manufactures uniforms and work wear, have developed a blockchain network for the fashion industry, with the support of the German Federal Ministry for Economic Development (BMZ).
The aim is to create transparency about the origin of garments, providing consumers with the knowledge that their clothes are sustainably produced.
“Blockchain technology is a catalyst for collaboration and transparency across industries and within supply chains,” says Christian Schultze-Wolters, Director of Blockchain, IBM.
“By creating shared visibility, the technology helps foster trust among companies and their suppliers, businesses and especially their consumers. We want to set an example within the industry and offer other companies the opportunity to join us in advancing development and helping to create solutions for supply chain."
"The advancement of sustainability and digitisation is crucial to our forward looking approach. This project combines both aspects in an excellent way by promoting supply chain transparency,” says Dr. Stefan Rennicke, Co-founder and MD at Kaya&Kato.
“There are multiple compelling reasons to initiate the development of a blockchain network and we look forward to implementation and eagerly await the first solutions in cooperation with IBM.”