Geneva, London, June 6, 2022 – Aura Blockchain Consortium joins the Sustainable Markets Initiative Fashion Task Force, a private-sector coalition geared toward accelerating the transition in the direction of a extra sustainable future within the international vogue, textile and attire sector. The SMI was launched by His Royal Highness The Prince of Wales in 2020, and its Vogue Job Pressure is chaired by Federico Marchetti, tech entrepreneur and sustainability pioneer. Aura Blockchain Consortium’s know-how will assist members of the Sustainable Markets Initiative Vogue Job Pressure obtain their sustainability targets and improve traceability.
In recognition that shopper curiosity in additional sustainable merchandise is on the rise, the Job Pressure is targeted on unlocking circularity by rolling out a Digital ID, which was launched on the G20 in Rome in October 2021. The Digital ID permits key gamers within the vogue worth chain – together with producers, manufacturers, retailers, resellers and recyclers – to supply unprecedented transparency and traceability of the merchandise they promote. It additionally unlocks new round companies for patrons, comparable to care and restore companies, in addition to ones centered on resale and recycling.
“We’re thrilled Aura Blockchain Consortium is becoming a member of the Job Pressure. Their presence will assist to construct transparency, innovation and a collaborative spirit inside the vogue business and collectively we’ll speed up our path to sustainability” says Federico Marchetti, SMI’s Vogue Job Pressure Chair.
“It’s a privilege to assist HRH The Prince of Wales’ Sustainable Markets Initiative Vogue Job Pressure together with its members and groups by the Aura Blockchain Consortium’s personal blockchain and NFT options as we work in the direction of our shared imaginative and prescient to speed up the transition to a extra sustainable future. We’re excited to begin the collaboration with the Vogue Job Pressure’s workforce to push circularity and traceability ahead” says Daniela Ott, Normal Secretary of Aura Blockchain Consortium