Convergence.tech, a Toronto based company, has successfully finished a blockchain powered trial to assist Mongolian nomadic livestock producers trace and endorse sustainable cashmere, reported Cointelegraph on January 11th.
The logistics venture, which was carried out with the United Nations Development Program (UNDP), is backed by Convergence.tech’s Backbone, a monitoring platform developed and hosted on Ethereum blockchain.
Convergence.tech has decided to concentrate on cashmere herders for its trial, as several of these individuals experience tough working environment and income inconstancy.
To resolve the absence of transparency confronting the cashmere sector, Convergence.tech developed a mobile app for Android gadgets. The app permitted farmers to record their cashmere bales. In the same period, bales and packaging receipts were fitted out with radio-frequency recognition labels utilized to trace info to guarantee the whereabouts of products.
The tracking data coupled with Backbone’s blockchain technology enabled customers to view the cashmere’s path during its production lifecycle. They could also see the environmental impact data generated, to make sure that ethical raw cashmere was being sourced.