My Cart

Close
IBM Blockchain Tech Sustainable Fashion

New IBM Blockchain Tech For Sustainable Fashion


IBM has partnered with German textile manufacturer Kaya&Kato to develop a blockchain network for sustainable fashion.

IBM is the global market leader in blockchain services, followed closely by Accenture and Infosys, according to the latest research from the premier global market intelligence firm IDC.

As one of the largest blockchain consulting firms in the world, IBM's new partnership could help the whole apparel and textile industry become more sustainable.

Blockchain technology can track the origin of fabrics used in the clothing industry. It allows suppliers and customers to identify where their fabrics are processed.

The system offers many advantages that help manufacturers and fashion brands understand each step of the production and distribution processes.

Germany’s Federal Ministry for Economic Development supports this initiative. And IBM said in a statement that the development of a blockchain network could greatly benefit consumers:

“The network is designed to create transparency about the origin of garments, from the fiber used to the completion of the final product, and to provide consumers with the knowledge that their clothes are sustainably produced.”


Sustainable fashion is a growing market that offers many opportunities, including the development and application of new technologies.

The global ethical fashion market is expected to reach USD 8.25 Billion by 2023 at a compound annual growth rate (CAGR) of 10.33%.

Sustainable fashion is becoming increasingly popular globally, particularly among Europe’s younger demographics.

IBM commissioned a study of European consumers through Morning Consult. The results reveal that 75% of respondents say they are concerned about waste in the fashion industry.

If new technologies could verify sustainability claims, 64% are willing to buy sustainable clothing.

Blockchain technology is helping supply chain logistics through improved traceability. It's one of the biggest value drivers of blockchain integration.

Share

About the Author: Alex Assoune

Alex Assoune Alex Assoune (MS) is a global health and environmental advocate. He founded Panaprium to inspire others with conscious living, ethical, and sustainable fashion. Alex has worked in many countries to address social and environmental issues. He speaks three languages and holds two Master of Science degrees in Engineering from SIGMA and IFPEN schools.

0 comments

PLEASE SIGN IN OR SIGN UP TO POST A COMMENT


More, More, More


Related Articles

Best Instagram Thrift Stores

15 Best Instagram Thrift Stores You Need To Know

20 Best Dressing Tips For Women With Broad Shoulders

How to dress Broad Shoulders
make thrift store stand out

10 Effective Ways To Make Your Thrift Store Stand Out

10 Best Affordable And Eco-Friendly Hair Clips

Best Eco-Friendly Hair Clips
Sweaters For Broad Shoulders

15 Best Affordable Sweaters For Broad Shoulders

10 Best Naturally Plant-Dyed Underwear Brands

Naturally Plant Dyed Underwear Brands
Best Eco-Friendly Hair Ties

10 Best Affordable And Eco-Friendly Hair Ties

15 Best Affordable Dresses For Broad Shoulders

Dresses For Broad Shoulders
Best Eco-Friendly Scrunchies

10 Best Affordable And Eco-Friendly Scrunchies

20 Best Organic Cotton Underwear Brands In 2021

Organic Cotton Underwear Brands