The UK Fashion and Textile Association (UKFT) has launched a nine-month blockchain traceability project. In this project UKFT partnering with IBM and retailers like H&M (COS Brand), Next, and New Look.
Developing a supply chain traceability solution for the UK fashion industry is the aim of this project.
Also, it will financially be supported by Innovate UK to the tune of £1.4 million (US $ 2 million).
Joanne Poynor, Head of Sustainable Development, Next said, “Working together, we are pleased to support the development of a new supply chain platform tool for the apparel and textiles sector, to facilitate the gathering of robust sustainability data and provide clear visibility of environmental and ethical impacts to empower better decisions.”
The new platform will use IBM’s blockchain technology to share information about clothing products. Verify the place and date of manufacture, product composition, and environmental certificate are accessible to consumers through a QR code.
At the same time, the key supply chain process will be digitized, creating a shared system of data that different parties can access.
It will all be stored in the IBM Cloud, which will use AI technology for optimization and detect and respond to supply chain disruptions.