Lenzing which happens to be one of the world’s foremost fiber producing country is going to embrace blockchain. Soon, it will set up a blockchain tracking system for its supply chain of fiber. The announcement comes official from the website of the Austrian firm. Apparently, the fiber producer is teaming up with TextileGenesis, a blockchain firm from Hong-Kong.

As per the official sources, Lenzing will implement the blockchain tracking system in 2020. However, as of now, it will focus on testing the various possibilities with this system. The company will make use of Distributed Ledger Technology(DLT). This will follow up with the client requests about ingredients and supplier info. There will be a QR code on Lenzing’s garments. Scanning the code itself users can get info about all raw materials used for the production of the clothing.

Lenzing also aims to bring transparency and traceability with its blockchain technology. CEO of Lenzing says they will green up the industry with their blockchain powered tracing system.