Origins To Bring NEM Blockchain To Textile Supply Chainbr>
Origins is building a platform that will verify the origins of apparel in the garment industry in a quest to end modern-day slavery. Origins was founded by Samantha Jones, an accomplished entrepreneur who was named New Zealand’s Young Innovator of the year in 2017.
The startup has received a $1.2 million funding from the NEM Community Fund to develop the platform. Origins will utilize the NEM blockchain technology to provide real-time live data and transaction history across the entire textile supply chain. The NEM blockchain solution aims to simplify the development process with a specific focus on impact projects. It’s best known for being used in a commercial blockchain called Mijin, which is currently being used by financial organizations in Japan and around the world.
“The supply chain industry is one of best areas to develop a real world blockchain use case and we are excited to support Origins in utilising the NEM blockchain technology which will be a great showcase globally,” said Jason Lee, NEM’s Expansion Director for Australia and New Zealand. “This also aligns with NEM’s aim to support social impact projects like these across the region.”
The Origins platform will use NEM namespace to install trust and gain recognition as the official notarization for products containing the Origins domain and label. It will also utilize a NEM Apostille account to verify each part of the ethical supply chain, enabling electronic certifications and the ability to measure quantities moving through the supply chain.
“We have chosen to work with NEM because of our initial positive interactions with the NEM Foundation and community,” Jones said. “We believe that a simple interoperable blockchain will be the most successful method of ensuring global uptake of this supply chain tool.”
Next month, Jones and her team will be heading back to India to setup phase one of the Origins implementation plan, after which she will head to Edinburgh to represent New Zealand at the Social Enterprise World Forum as a guest speaker.