Barcelona-based fashion brand Desigual has partnered with blockchain startup Finboot. Desigual wants to integrate Finboot’s MARCO track & trace platform into its supply chain to manage its imports and exports. Finboot is backed by Spanish energy firm Respol.
One of the main challenges faced by Desigual is the lack of visibility about logistical processes. If a delivery is delayed, the company has difficulty tracing where the delay started. Because of this lack of transparency, it can’t take appropriate measures to prevent further issues.
Finboot’s solution addresses this concern by enabling Desigual to trace the entire production process, from purchase order to arrival at distribution centers. The blockchain platform also permits interaction between all participants in the supply chain on a near real-time basis. Visibility into the data makes parties accountable and gives Desigual insights into its import and export processes, building a more transparent supply chain.
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