Origins Startup Acquires $1.2M for Supply Chain Tracking
Origins, a garment project from NZ has recently acquired $1.2M in funding as a means of aiding the company in creating its own blockchain platform and looks to enhance supply chain observation and tracking as well as O2C. The NEM has funded Origins as official statements indicate and is providing a company with the necessary funds to develop a blockchain for tracking the origin points of clothing as a means of fighting back against giant corporations essentially involved in modern-slavery through heinous work conditions for many.
No More Slavery
Samantha Jones, an entrepreneur from Wellington is keen on using the acquired funds and the highly beneficial perks of blockchain-tech in the garment supply chain as a means of providing more transparency and aiding in the modern slavery heavily associated with the clothing industry.
Director of expansion at NEM, Jason Lee, says that blockchain-tech will fit perfectly within supply chains. Supply chain management through blockchain-tech will open even more doors globally and shed more light on the importance of the tech and the benefits it provides. The project will also back similar companies in NZ. The tech will allow the company to monitor and track any clothing item from its origin point until its eventual purchase by customers. During any production period of clothing, the tech will continuously monitor and log its location as a means of guaranteed that no malicious exploits are taking place.
Samantha Jones grew up in several different underdeveloped countries and said that this was a reason behind the new project in order to shed more light and provide clarity over processes. Following Little Yellow Bird, her own successful project, Samantha Jones aims at distinguishing her own products and providing the most professional and safe protocols as any business in this day and age should provide.
An increase in demand by customers for brand name producers and clothing distributors to prove more monitoring of garment production and transfer has appeared, most notably within the garments industry which is known for its companies using cheap, border-line slave labor to produce garments consistently.