Welspun India rises on the launch of Wel-Trak 2.0 Blockchain for the textile industry

Abhinav Lahoti
/ Categories: Trending, Mindshare
Welspun India rises on the launch of Wel-Trak 2.0 Blockchain for the textile industry

The upgraded platform will help the stakeholders’ right from retailers to farmers and manufacturers to suppliers, traders, certifying bodies, and end consumers to track raw materials throughout the supply chain back to their origin.

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

The upgraded platform will help the stakeholders’ right from retailers to farmers and manufacturers to suppliers, traders, certifying bodies, and end consumers to track raw materials throughout the supply chain back to their origin. Following this development, Welspun has become one of the first home textile manufacturers to use a Blockchain and AI-based traceability platform at such a large scale, which is set to capture all its product lines, including the major Sustainability-related data points. These include ESG metrics such as water usage, power consumption, gender equality, fair pay, among others. 

As the world proceeds towards differentiating fast-fashion from sustainable fashion, the need to develop a more transparent, tamper-proof, and collaborative supply chain has become more critical. Taking this opportunity, the company’s new software launch will help them catering the growing demand. 

On Thursday at 11:59 am, the shares of Welspun India were trading 0.77 per cent higher at Rs 162.95 on BSE. 

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