ITMA ASIA + CITME 2021 IMPACT FEATURE PIXEL TO PRINT WEBINARS Technology Videos Contact Us Future Textile Machines ITMA Exhibitor News Latest News ITMA 2019 Spinning Weaving Knitting Dyeing Processing Printing Technical Textiles SUBSCRIBE Advertise Welspun India Launches Wel-Trak 2.0 Blockchain Home Textiles November 5, 2021Textile MagazineLeave A Comment On Welspun India Launches Wel-Trak 2.0 Blockchain One of the largest traceability & ESG transparency rollouts in the textile industry Welspun India, global leaders 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 – from Retailers to farmers and manufacturers to suppliers, traders, certifying bodies, and end consumers – to track raw materials throughout the supply chain back to its origin. 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. As the world proceeds towards sustainable fashion, the need for collaborative supply chain has become more critical than ever. Taking this concern forward, Welspun, in compliance with UN Social Development Goals (SDGs), is deploying the advanced cloud-based traceability technology across all its manufacturing units. 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. Aiming to optimize the fragmented global home textile value chain, Welspun is planning to move all product categories and fibers to the tech-based platform, thereby becoming a pioneer in the next-gen ESG data visibility technology. Welspun India Ltd (WIL), part of $2.7 Bn Welspun Group, is a global leader in Home textiles. With a distribution network in more than 50 countries and world class manufacturing facilities in India, Welspun is strategic partners with top global retailers. Ms. Dipali Goenka, CEO & Jt MD, Welspun India Ltd., commented, “Environmental and social concerns are making modern consumers more cautious of their fashion and textile choices. In light of this, it is the responsibility of conscious brands to not only ensure that ESG parameters are optimally met but also that all stakeholders, including the customers and the consumers, have visibility into the processes across the value chain.” “Transparency and accountability are key factors in building the customer’s trust and this is precisely what we aim to accomplish through our upgraded multi-level traceability solution Wel-Trak 2.0 which is enabled by blockchain, AI, and cloud technologies. 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”, she added. Tagged Wel-Trak 2.0 BlockchainWelspun India Post navigation Prashant Gamatex & Nandan Terry: Partnering a growth curve RSWM revised strategy for future growth RELATED POSTS Trident Group Stands Strong Against COVID-19 April 13, 2020Textile Magazine Applied DNA Sciences And Reliance Sign MoU To Incorporate CertainT Forensic Traceability December 31, 2019Textile Magazine Prashant Gamatex & Nandan Terry: Partnering A Growth Curve November 5, 2021Textile Magazine Leave a Reply Your email address will not be published. Required fields are marked * Comment Name * Email * Website FOLLOW US facebook linkedin youtube twitter instagram UPCOMING WEBINARS UPCOMING EVENTS FEATURED VIDEO Video Player 00:00 04:28 DIGITAL EDITION SUBSCRIBE PIXEL TO PRINT ADVERTISE Copyright © 2021 Future Textile Machines. All rights reserved. | Theme: News Portal by Mystery Themes.