Australian fashion technology firm BlockTexx will collaborate with New Zealand-based textile research company The Formary to develop new strategies and workflow models for the recycling and repurposing of textile waste.
Both firms are motivated by the fact that less than one per cent of global textile waste is currently recycled, with most of the sector’s cast-offs being shipped to developing countries where the vast majority ends up in landfill. The duo also cite the 2020 Circular Fashion System Commitment, which has seen 94 global brands – such as H&M and Adidas – commit to addressing the altering the linear approach to textile production.
Formary will extol the virtues of blockchain as a transformative industry tool at the Circular Economy Summit, which this year is being held in New Zealand and has been organised by the Sustainable Business Network’s Circular Economy Accelerator and WasteMINZ.
BlockTexx fashion technology platform will connect manufacturers, brands and logistic providers a blockchain-enabled marketplace; a method which it believes can unlock value throughout the entire supply chain.
