Bangladesh is one of the fastest-growing economies in the world. Women have entered the workforce in large numbers, boosting the country's economic performance.
The country's ready-made garment sector has achieved impressive growth and has a long and storied history of craftsmanship. The skill of its textile artists is world renowned.
Bangladesh boasts a massive population, and the huge volume of textile manufacturing offers byproducts through the recycling of solid waste. This ‘circular fashion’ aspect is increasingly sought by global brands.
“Sustainability is no longer about doing less harm, it’s about doing more good.” – Jochen Zeitz “Fashion shouldn’t cost the earth. – Environmental Audit Committee
Product tracking and verification are increasingly sought by businesses looking to avoid the economic losses associated with potential collusion and the misinformation of products.
Product tracking and verification also address increasingly strict regulatory rules.
Having a digital ID enhances a brand’s authenticity in safety, traceability and ethical sourcing, building consumer confidence in today’s wellness climate.
Most importantly, the digital ID offers a powerful tool to ensure consumer connection by meeting the buyer's wish to make informed purchasing decisions that feel good and responsible.
Founded in collaboration with PWC and IBM, the Digital ID offers 'next generation'-level product transparency through an unbiased verification process using our built-in blockchain system, impartial third-party certification and stringent monitoring protocols, and a strict governance model by Nixon Peabody that protects the privacy and legality of all parties.
Together with PWC, we have developed a Gold, Silver, Bronze scaling system that's automated on our blockchain, paving our clients' way to sustainability.
How do we verify the claims of your products and
create the NFT Digital ID?
A distributed system of records shared across the business network
Ensuring appropriate visibility of the product; transactions are secure and authenticated
Business terms are embedded in the database and executed with transactions
Transactions are endorsed by relevant suppliers, certification bodies, manufacturers, etc.
Transform physical goods into virtual assets with the NFT Digital ID
Shop with avatars in the metaverse to try on and purchase outfits, jewelry, food, household items and cuddly toys.
Ensure the fairness of product prices through dialogue and participation among all parties. Fair wages embody the principle of equal pay for equal work by women and men.
Adherence to the UN Convention on the Rights of the Child, and national/local laws on the employment of children; the assurance that there is no forced labor in the workforce and/or members or home-workers.
A safe and healthy working environment for producers and staff. Complies with national and local laws and ILO conventions on health and safety. The working hours and conditions for employees and producers should comply with national and local laws and ILO conventions.
