IBM enters the fashion space with a blockchain platform to track sustainability

IBM (NYSE: IBM) and KAYA&KATO, a German uniforms and work wear manufacturer, have joined forces to develop a blockchain network for the fashion industry. The initiative counts on the support of the German Federal Ministry for Economic Development (BMZ) and is designed to create transparency about the origin of garments. The network will provide open access to information regarding the fibre used or how the completion of the final product took place, giving consumers assurance that their clothes are sustainably produced. More and more fashion firms are adopting blockchain technology to improve their supply chains or to build trust in their product authenticity verification processes.