Following this development, Welspun has become one of the first home textile manufacturer to use a Blockchain and AI-based traceability platform at such a large scale, which is set to capture all its product lines, as well as major sustainability-related data points. These include ESG metrics such as water usage, fair pay, power consumption and gender equality among others, the company said in a media release.
As the world proceeds towards differentiating fast-fashion from sustainable fashion, the need to develop a more transparent, tamper-proof, and collaborative supply chain has become more critical than ever. Taking this concern forward, Welspun, in compliance with UN Social Development Goals (SDGs), is deploying the advanced cloud-based traceability technology across all its manufacturing units.
Developed by InfiniChains, a tech company headquartered in San Francisco, the unified data platform of Wel-Trak 2.0 is hosted on the cloud and boasts 99.9 per cent availability. Aiming to optimise the fragmented global home textile value chain, Welspun is planning to move all product categories and fibres to the tech-based platform.
Dipali Goenka, CEO and Jt MD, Welspun India Limited commented, “Transparency and accountability are key factors in building the customer’s trust and this is precisely what we aim to accomplish through our upgraded multi-level traceability solution Wel-Trak 2.0 which is enabled by blockchain, AI, and cloud technologies. Blockchain technology is ideal for creating an immutable, tamper-proof system that is immune to data manipulation and fraudulent behaviour by members across the textile value chain. With Wel-Trak 2.0, we aim to underscore our commitment to our customers by ensuring that all of our processes are aligned with our ESG goals.”
Fibre2Fashion News Desk (KD)
Textiles | On 3rd Nov 2021
President Joe Biden has announced allocating additional funding to...
Thailand has ratified the Regional Comprehensive Economic Partnership ...
The free trade agreement (FTA) between South Korea and Cambodia,...
Gaurav Davda Jindal Worldwide Ltd
Indian MMF sector to become globally competitive
Textile Industry Head honchos
Delay in adopting water sustainability both financially & environmentally...
Good tidings expected for textile industry
Ahmet Gecikli
Ser Mekatronik, founded in 2008, is specialised for providing mechanical...
Bharat Ahuja
A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...
Sanjay Jhunjhunwalla
In the financial hub of eastern India, Kolkata, a humble production...
Natacha Defeche Edana
Since 1971, EDANA, the International association serving the nonwovens and ...
Wolfgang Plasser Lenzing AG
The Lenzing Group is an international company headquartered in Austria...
Daniel Roxbury University of Rhode Island
Assistant professor Daniel Roxbury and former URI graduate student...
Rocky Star Label - Rocky Star
<b>Rocky Star,</b> an Indian designer known for his inspiration from the...
Sandeep Gonsalves & Sarah Gonsalves Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
Raghavendra Rathore Label Raghavendra Rathore Jodhpur
Being one of the first designers to use the "Brand India" positioning for...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.