What is Blockchain technology?

Blockchain is a distributed data structure, stored in the cloud, for managing value chain data without a central administrator among people and companies who do not know one another.

It  allows:

• traceable transaction
• smart contracts between parties within the supply chain
• tracking of complex production processes
• automation of compliance

Waste2Wear has the first blockchain system to trace post-consumer recycled materials all the way to its source. It secures a complete transparency of the value chain for our partners and the opportunity for authentic storytelling to the final consumer, using a QR code which shows the collecting spot of the plastic waste.