Yesterday, the World Economic Forum (WEF)
launched a blockchain track and trace platform to prove the environmental sustainability of supply chains. The traceability platform claims to be neutral and public and will collate blockchain-based supply chain data from multiple companies and sources.
When brands provide traceability data, consumers have to use a separate app for each brand to view information about product origins. The project aims to address this issue.
Last year, the WEF worked with blockchain firm Everledger, TextileGenesis, the International Trade Centre (ITC), and textile business Lenzing Group for a proof-of-concept of the project. Now, Asia Pacific Rayon (APR), EVRYTHNG, and PlataformaVerde will be joining the group to pilot and co-design the second phase of the project.
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