OrganiMark, a South Africa-based value chain engineering and category management company, has formed a new partnership with blockchain platform Sweetbridge to deliver trade financing for Sustainable Cotton.
Established in 2008, the company describes itself as a value chain solutions provider that specializes in integration and optimization models to meet the demands of increasingly sophisticated consumer markets, rapid technology development, and conscious stakeholders. OrganiMark reported that it achieves all of this by creating a sustainable business through fair trade and the formation of strategic partnerships based on its core values.
While sharing details about the partnership, Heinrich Schultz, CEO of OrganiMark, reportedly stated:
“Sweetbridge offers a better solution at a lower cost than traditional finance institutions, which is what caught our attention immediately. It brings the benefit of crypto-economics and blockchain, combined with a global go-to marketing strategy, that we believe will not only boost our best practice delivery in South Africa, but across the globe, and will enable us to deliver the services our clients are looking for at scale in our core business of cotton but also in other commodities in the future.”
Scott Nelson, CEO & Chairman of Sweetbridge went on to add:
“OrganiMark’s integrated value chain programme and supporting platform are unique in their ability to deliver forensic level of traceability across an entire industry from resource to retail. The world-class services of sustainable category management, supply chain optimisation and finance that they already deliver blend very well with our business and offer an excellent use case for us to be able to prove out the wide-ranging impacts of our protocols across every tier of an extremely complex and important global value chain.”