Major global fiber producer Lenzing will implement tech to bring more to its fiber , the firm on May 17.
Headquartered in Lenzing, , the fiber manufacturer partnered with – firm TextileGenesis to incorporate the technology in its fiber business TENCEL.
According to the press release, Lenzing expects to launch its supply chain traceability platform in 2020, while in the near future, the company will test the technology along with all the involved chain participants.
Lenzing decided to deploy distributed technology () following client requests for more information about the ingredients and suppliers of its products. By applying tech, the firm intends to provide its with more transparency and traceability.
Lenzing is a global leader in wood-based fibers and has $2.7 billion in estimated annual revenue.
Earlier today, a senior executive at -based logistics firm his scepticism about use in the company’s processes. Dale Chrystie claimed that traditional shipping data systems are superior to -based ones, as distributed technologies are purportedly too nascent.
As Cointelegraph recently , luxury fashion brand Alyx will begin using the network of major crypto project to track its supply chain.
Published at Tue, 21 May 2019 06:16:14 +0000
