Mainetti, a leading company that designs and makes garment hangers, is leveraging blockchain technology to help customers keep track of their progress towards climate and sustainability goals.
According to Paul Tai, Regional Director who oversees Asia operations at Mainetti (excluding India), the company is ploughing US $ 127,000 into the first-phase development of a blockchain-based recording and validation system in Hong Kong, in association with a technology partner whose name has still not been disclosed yet!
With a commercialisation target set for May, the system will digitally record and facilitate independent verification of the carbon footprint of clients’ activities across the supply chain, from raw materials sourcing to logistics.
“Without digitalisation tools, it would be extremely difficult to verify the carbon footprints through the supply chain,” said Tai who also added that under traditional tracking methods, a product made with multiple raw materials needs to obtain carbon footprint certificates for each input and arrange for separate audits, which is cumbersome and inefficient.
It’s worth noting here that China is among Mainetti’s top three markets, contributing over 20 per cent of its global sales. The Italy-based firm sells hangers and other packaging products to both global and local brands and retailers, such as Decathlon, H&M and Walmart among others.
