One startup from Toronto, Canada recently concluded a blockchain based pilot which helps Mongolian nomadic herders track and certify sustainable cashmere. This supply chain project was conducted with the United Nations Development Program (UNDP) and shows that the Canadian blockchain startup is looking to help Mongolian herders to trace cashmere from its roots.
As the blockchain news now show, the project is powered by Convergence.tech (the Canadian startup) and its Ethereum-based traceability platform, Backbone. The startup chose to focus on cashmere herders for its pilot as many of these individuals face a lot of harsh working conditions and income instability. Moreover, we are living in times when the fashion industry supply chain lacks transparency, making it difficult for customers to understand where cashmere products actually originate.
The CEO of Convergence.tech recently spoke online and told betakit the following:
“The nomadic community is one of immense pride but one with a volatile and unstable income. Leveraging blockchain technology within the transformation of the cashmere industry can provide numerous benefits for Mongolian herders, buyers, and sellers alike.”
In order to solve a lack of transparency that is facing the cashmere industry, the Canadian blockchain startup created a mobile application for Android devices. This app allows farmers to register their cashmere bales. At the same time, bales and packing slips have been equipped with radio-frequency identification tags used to track data and ensure an accurate location of products.
The tracking data, along with Backbone’s blockchain technology, is why the Canadian blockchain startup is in the crypto news today– and how its technology helps users see the path that cashmere took during its production lifecycle. Users could also view the environmental impact data generated to ensure that ethical raw cashmere was being sourced.
“Our learnings are pretty significant on this, and that’s why everything was around watching from afar. But now that that’s completed, we’ve been going around the world. We were in Singapore and Bangkok a couple of weeks ago presenting to the UN, USAID (the United States Agency for International Development), the World Bank, et cetera. So now we’re going to start seeing a lot more applications coming out,” the CEO Chami Akmeemana concluded.
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