VF Corp among first to pilot TextileGenesis eTrackit
05/11/2021
TextileGenesis invented Fibercoins – a digital token – to create material accounting at article-lot level across the textile supply chain.
The pilot programme will be released in November at Textile Exchange’s annual global conference in Dublin, and the first phase will focus on the Global Recycled Standard (GRS) and the Recycled Claim Standard (RCS).VF Corporation, Bestseller, H&M Group, Inditex and tentree will pilot the traceability system for GRS and RCS certified materials across their supply chains. Participating certification bodies include Control Union, USB Certification, IDFL, Intertek and Bureau Veritas.
After these pilots, the system will be expanded to cover the animal fibre standards, followed by the Organic Cotton Standard (OCS) in 2022.
Amit Gautam, CEO and founder of TextileGenesis, said: “With increasing consumer demand and compliance risks, CEOs and boards of the majority of top 100 fashion brands have committed to using sustainable fibres over the next five years, with transparency and traceability being a core part of business priorities.”
Read more about the new traceability tools in WSA features How to unlock the blockchain and From tracing to closing the loop.
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