IBM technological giant has concluded a partnership agreement with the German Kaya OPEN&Kato for the use of blockchain to track supply chains.
According to the press release, German manufacturer of uniforms and work clothing Kaya&Kato will introduce IBM blockchain to increase the transparency of products. As a result of the partnership, blockchain will be developed, which will monitor the supply chain of each fabric.
As IBM notes, The introduction of blockchain into the industrial industry is the result of the desire of end users to understand the influence of acquired tissues on the environment. According to the survey, conducted by IBM, more 50% respondents are ready to change their customer habits, to reduce the impact of products on the environment.
The expert on data analysis and marketing research Morning Consult also conducted a survey, According to the results of which more 60% respondents are ready to buy new fabrics, If "technologies can confirm their environmental friendliness". IBM Blockchain Director Christian Schulce (Christian Schultze-Wolters) said:
“Today, blockchain is used to increase the transparency and flexibility of supplies in the automotive industry, mining industry, production of electronics and even the cultivation and distribution of many types of food products. By ensuring transparency of processes, the technology helps strengthen trust between companies and their suppliers, enterprises and especially consumers ".
Since more and more buyers are interested in the origin of fabrics, used in the fashion industry, Blockchain becomes a useful tool for demonstrating the compliance of the principles of environmentally friendly and socially responsible production. Thanks to the distributed registry technology, users get access to observing the entire clothing release process: from receiving fiber to sewing the final product.
Besides, Partnership IBM and Kaya&KATO has been supported by the Federal Ministry of Economic Cooperation and Development of Germany, which advocates the transparency of the global supply chain.
Recall, that in the summer the Norwegian Association of Seafood concluded partnership with IBM and ATEA companies to create a system for tracking salmon supply on the blockchain. The platform will confirm the quality of the product.
