INTRODUCING TRACEABILITY AND TRANSPARENCY IN THE TEXTILE VALUE CHAIN

Traceability is defined as the capacity to monitor and trace data. The implementation of traceability within a supply chain can lead to increased transparency throughout the entire process. This text describes a traceable and open supply chain management system for textile manufacturing and retail, utilizing cutting-edge technology for the global context. The manufacturing chains employ multiple commonly available centralized solutions for ERP Systems, where multiple bottlenecks are encountered at various stages, resulting in a lack of traceability and transparency. Supply chains are prone to a variety of serious issues, such as data manipulation, Single point of failure, etc., which can lead to a lack of traceability, delays, and the inability to share information in real-time. Blockchain may offer a potential solution to these challenges due to its key features of decentralization, openness, and integrity. In this regard, blockchain could be used as a framework for the development of a new framework in order to provide traceability for textile supply chains. In the international scenarios, blockchain could serve as a platform for transparency and sharing of information for all members of the supply chain. By providing traceable and transparent information in the textile industry, customers can be more informed about the products and choices they make, the companies they support, and the companies they purchase from. This will help to improve the structure of the supply chain, increase efficiency, reduce risks & the costs of product recalls and unethical employment.