Wellington Startup Origins raises $1M for ‘world-first’ tech platform
At only 28 years of age, Samantha Jones is already an accomplished entrepreneur with a number of accolades, including being named New Zealand’s Young Innovator of the year in 2017.
Samantha’s latest project, Origins, has just raised $1.2M from the NEM Community Fund to develop a tech platform which will verify the origins of apparel in the garment industry in a quest to end modern-day slavery. It will utilise NEM blockchain technology to track their products from origin to point of sale. “Just like I did with Little Yellow Bird, I’m actually trying to solve a problem that I’ve faced firsthand and one that I can see impacts people and businesses across a range of industries,” says Samantha.
Little Yellow Bird, which until now was one of Samantha’s most high profile projects, was dreamed up in 2014 after she left the military and saw a gap in the market for ethically made organic and fair-trade apparel. Samantha credits her early success partly to her experience and time working as a Supply Chain Manager in the military and her time living in developing countries as a child.
Samantha has become the second New Zealand venture and first woman globally to have a project funded via the NEM community fund proposal process. The NEM platform is a blockchain solution that aims to simplify the development process with a specific focus on impact projects.
“The supply chain industry is one of best areas to develop a real world blockchain use case and we are excited to support Origins in utilising the NEM blockchain technology which will be a great showcase globally. This also aligns with NEM’s aim to support social impact projects like these across the region.”
— Jason Lee, Expansion Director for Australia and New Zealand
Lack of visibility within the garment sector is a global issue with consumers increasingly demanding brands to provide greater transparency. Many brands are unable to track where their garments are made and Samantha believes she has a solution that will help other brands solve this issue.
Samantha and her team are heading back to India in August to setup phase one of the Origins implementation plan, before she heads to Edinburgh to represent New Zealand at the Social Enterprise World Forum as a guest speaker presenting her learnings and impact journey.
Origins will be the leader for Transparency & Trust in Textile Supply Chains
Everyone wears clothes, but few of us spend time reflecting on what goes into manufacturing them and the environmental impact.
The apparel industry accounts for 6.7% of the world’s greenhouse gas emissions, with more than 50% coming from 3 phases: fibre production (15%), yarn preparation (28%), and the highest impact phase — dyeing & finishing (36%).
Fashion garments generally travel through huge networks of suppliers, retailers, distributors, transporters and storage facilities — yet in almost every case these journeys remain invisible to us. Both consumers and governments are calling for greater transparency from brands and manufacturers. Origins will change consumer and retailer behaviour, and create tangible social impact using the NEM blockchain.
The Origins platform will be a NEM-powered supply chain analytics tool that replaces existing supply chain management solutions and third-party verifications. Their system will provide real-time live data and transaction history across the entire textile supply chain.
The key problems that the Origins platform addresses:
- A lack of quality control along the supply chain
- Inability to prove origins of raw materials
- Inability to easily track and verify payments and wages data throughout the supply chain
- Lack of information to enable consumers to make informed purchasing decisions
It will use NEM namespace to install trust and gain recognition as the official notarization for products containing the Origins domain and label. It will also utilise a NEM Apostille account to verify each part of the ethical supply chain, enabling electronic certifications and the ability to measure quantities moving through the supply chain.
“We have chosen to work with NEM because of our initial positive interactions with the NEM Foundation and community. We believe that a simple interoperable blockchain will be the most successful method of ensuring global uptake of this supply chain tool”.
— Samantha Jones, Founder of Origins.
While Origins is specifically designed to be implemented in the fashion industry, there is high interest and anticipation for the Origins platform to be transferable across multiple other industries. It will be one of the most significant advancements for global supply chains since the invention of the counter. Thanks to the NEM blockchain and Origins, we are now one step closer to creating a more transparent and trusted global supply chain.
Originally posted on http://www.voxy.co.nz/technology/5/316069
NEM New Zealand Team