New blockchain-enabled traceability platform
A follow-up of a 12-month pilot program and field trials with 4 leading sustainable brands and supply chain players from 10 countries in 3 regions, the global roll-out of Lenzing’s traceability platform will be conducted in phases.
One of the core components of the platform powered by TextileGenesis is integration with the Lenzing E-Branding fabric certification system, which allows brands and retailers not only to access the full supply chain traceability for Tencel and Lenzing Ecovero branded fibers but also to view the results of forensic (physical) verification of fabric samples via the digitally signed Lenzing E-Branding fabric certificates.
Through using the innovative Fibercoin technology of the TextileGenesis platform, Lenzing and other brand partners are now able to issue digital tokens (blockchain assets) in direct proportion to the physical shipments of fibers. These digital tokens provide a unique “fingerprint” and authentication mechanism, preventing adulteration, providing a more secure, trustworthy, digital chain-of-custody across the entire textile supply chain.