IBM and Kaya&Kato win RTIH supply chain innovation award
RTIH INNOVATION AWARDS SUPPLY CHAIN CATEGORY SPONSORED BY BRIGHTPEARL
IBM and Kaya&Kato have emerged triumphant in the Supply Chain Innovation category at the 2020 RTIH Innovation Awards, sponsored by PMC Retail.
The award highlights companies that are re-inventing and re-thinking retail supply chains via advancements in technology.
IBM took home the gold for its work with Kaya&Kato, a textile company that manufactures uniforms and work wear.
The pair have developed a blockchain network for the fashion industry, with the support of the German Federal Ministry for Economic Development (BMZ).
Our judging panel praised “a world class example of supply chain integration across suppliers, business and customers” and “innovation using blockchain technology to provide customers with transparency and therefore confidence about the origin of garments being 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,” adds 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.”
