TextileGenesis™ is a pioneering transparency and traceability platform, enabled by blockchain, for the apparel supply chain. The transparency in apparel supply chain is abysmally low – only 10 of the top 250 apparel brands know their raw-material (fibers) supplier. Up to 30% of all sustainable fibers or fabrics (e.g., wood-based fibers, recycled polyester, organic fibers) could be counterfeited, creating significant brand reputation and compliance risks for brands and retailers.
Our technology creates radical transparency across all 5 tiers of supply chain from fiber-to-retail, and ensures authenticity and provenance of sustainable textiles against generics. Our digital platform delivers three key benefits
- Full supply chain transparency from tier 1 to tier 5 suppliers
- Secures brand reputation against counterfeited textiles
- Reduction in supply chain compliance costs