Cotton Trust Protocol adopts TextileGenesis blockchain for sustainable cotton farming
The U.S. Cotton Trust Protocol, a new sustainability program for robust farm-level data for cotton metrics, today announced a partnership with the distributed ledger blockchain TextileGenesis platform to help track and trace cotton supply chains.
The Trust Protocol recognizes the need for increased transparency in supply chains as industry regulators peer further into farming practices and consumers pay more attention to where their clothing and other textiles come from.
“Today, having a holistic view of every step throughout the supply chain is imperative for brands and retailers,” said Dr. Gary Adams, president of the U.S. Cotton Trust Protocol.
By joining TextileGenesis, The Trust Protocol will be adding an extra layer of traceability to its already existing sustainability credits – which provides growers, distributors and retailers with sustainability metrics.
The blockchain will add a transactional network between all of these separate entities, which is trustworthy and auditable by third parties and can be verified without revealing sensitive information. That allows each business to remain separate, but at the same time have greater visibility into the supply chain that allows for more sustainable practices than before — in turn saving money and the environment.
“Collaborating with the U.S. Cotton Trust Protocol, with its clear focus on robust data and the strength of its verification practices, creates a powerful solution for brands and retailers worldwide in their search for more sustainable fibers and enhanced visibility in their supply chains,” said Amit Gautam, founder and chief executive of TextileGenesis.