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Transparency - Demand for transparency drives Stahl to embrace blockchain
15 December 2020

Leather chemicals manufacturing group Stahl is to use blockchain technology to help customers verify the sustainability credentials of its products, reports Leatherbiz.

 

 

It will use a blockchain solution called Marco, from technology provider Finboot, to make detailed information about its products available in digital form. Stahl said this would help tanners offer the high levels of transparency and traceability that brands are demanding of all their supply chain partners.

It added that using blockchain to track information about its products would help it in its own quest to increase its use of renewable raw materials.

Eventually, brands will be able to achieve end-to-end visibility of the entire manufacturing process and supply chain behind the creation of their goods, Stahl said.

Commenting on the development, chief innovation officer, John Fletcher, said: “This is not just for the benefit of the brands that use materials that have been treated by our chemicals but for their customers too, who are becoming increasingly conscious about the provenance and sustainability credentials of the products they are buying.”

For his part, the co-founder of Finboot, Nish Kotecha, said: “Businesses are facing increasing pressure from regulators, investors and consumers to adopt more sustainable practices.

 Empty claims are no longer tolerated, which means companies are now obliged to provide reliable and transparent data that verifies the changes they are making to their supply chains.”

He said some brands are already refusing to work with suppliers that fail to provide sufficient data.

 

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