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Welspun India launches Wel-Trak 2.0 Blockchain

Oct 18, 2021
Welspun India launches Wel-Trak 2.0 Blockchain

Welspun India, global leader of home textiles is geared to transform the textile industry with Wel-Trak 2.0, an upgrade to Wel-Trak, the company’s patented end-to-end traceability technology introduced in 2018.

The upgraded platform is designed to help the stakeholders –retailers, farmers, manufacturers, suppliers, traders, certifying bodies and end consumers to track raw materials throughout the supply chain back to its origin.

Following this development, Welspun has become one of the first home textile manufacturer to use a Block chain and AI-based traceability platform at such a large scale, which is set to capture all its product lines, as well as major sustainability-related data points. These include ESG metrics such as water usage, fair pay, power consumption, gender equality, among others.

Welspun, in compliance with UN Social Development Goals (SDGs), is deploying the advanced cloud-based traceability technology across all its manufacturing units, Welspun India said.

Developed by InfiniChains, a renowned tech company headquartered in San Francisco, the unified data platform of Wel-Trak 2.0 is hosted on the cloud and boasts 99.9% availability.
Welspun is planning to move all product categories and fibres to the tech-based platform, thereby becoming a pioneer in the next-gen ESG data visibility technology.

Dipali Goenka, CEO & Joint MD, Welspun India Limited said that, environmental and social concerns are making modern consumers more cautious of their fashion and textile choices. It is the responsibility of conscious brands to ensure that ESG parameters are optimally met and that all stakeholders, including the customers and the consumers, have visibility into the processes across the value chain.  She added that, blockchain technology is ideal for creating an immutable, tamper-proof system that is immune to data manipulation and fraudulent behavior by members across the textile value chain. Wel-Trak 2.0, aim to ensure that all their processes are aligned with their ESG goals.

Source: IIFL Securities

Image Source: Google Images

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