Toronto-based startup Convergence.tech has efficiently concluded a blockchain-based pilot to assist Mongolian nomadic herders monitor and certify sustainable cashmere.
The provide chain challenge, which was carried out with the United Nations Development Program (UNDP), is powered by Convergence.tech’s Ethereum-based traceability platform, Backbone.
Convergence.tech selected to deal with cashmere herders for its pilot, as many of those people face harsh working situations and earnings instability. Moreover, the style provide chain lacks transparency, making it troublesome for shoppers to grasp the place cashmere merchandise originate.
Convergence.tech CEO, Chami Akmeemana, advised betakit:
“The nomadic community is one of immense pride but one with a volatile and unstable income. Leveraging blockchain technology within the transformation of the cashmere industry can provide numerous benefits for Mongolian herders, buyers, and sellers alike.”
A cellular utility to trace sustainable cashmere
In order to unravel the dearth of transparency going through the cashmere business, Convergence.tech created a cellular utility for Android gadgets. The app allowed farmers to register their cashmere bales. At the identical time, bales and packing slips have been outfitted with radio-frequency identification tags used to trace information to make sure the situation of merchandise.
The monitoring information mixed with Backbone’s blockchain expertise allowed customers to see the trail the cashmere took throughout its manufacturing lifecycle. Users may additionally view the environmental influence information generated to make sure that moral uncooked cashmere was being sourced.
Akmeemana advised Betakit that the corporate’s findings have been sufficiently big to encourage plans to develop the app to different areas:
“Our learnings are pretty significant on this, and that’s why everything was around watching from afar. But now that that’s completed, we’ve been going around the world. We were in Singapore and Bangkok a couple of weeks ago presenting to the UN, USAID (the United States Agency for International Development), the World Bank, et cetera. So now we’re going to start seeing a lot more applications coming out.”
Founded in 2019, Convergence.tech has already developed a blockchain-enabled land registry for the state of Haryana in India. The firm additionally carried out a challenge in Afghanistan to use blockchain inside present police payroll programs.
Convergence.tech plans to announce extra initiatives in coming months, as the corporate just lately acquired a proposal to conduct work in Peru and are on the lookout for alternatives to scale local weather motion.