The UK Fashion and Textile Association (UKFT) launched a blockchain traceability project, partnering with IBM and retailers including H&M (COS Brand), Next and New Look. The nine-month sustainability project aims to develop and pilot a supply chain traceability solution for the UK fashion industry and is financially supported by Innovate UK to the tune of £1.4 million ($2m).
The global fashion industry is one of the world’s biggest polluters. Data firm Quantis estimates that apparel makes up 6.7% of the world’s greenhouse gas emissions, rising to 8% when footwear is included. That’s almost four times the estimated emissions from the airline sector.
Consumers want to understand the environmental impact of their purchasing behavior, particularly in an industry that has received widespread criticism over unsafe workplaces, labor abuses and low wages.
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