Blockchain Tech in the Fashion Industry: Transparency, Traceability, and Efficiency

Written by alahausse | Published 2021/06/15
Tech Story Tags: blockchain-technology | fashion-tech | traceability | transparency | good-company | fashion-industry | technology-trends | sustainability

TLDR The Fashion Transparency Index 2020 states that most brands communicate only 11-20% of their production process. This makes it difficult for customers to make informed decisions based on environmental sustainability and ethical production. Decentralized networks ensure that the data is not stored in just one location, and can be easily accessed and verifiable by anyone who has access to the network. Each garment can therefore be traced back to its raw materials, revealing production processes and ensuring authenticity. With blockchain technology, the authenticity of luxury products can be verified by customers before they make their purchases.via the TL;DR App

no story

Written by alahausse | World's 1st Sustainable AI P2P Multifunctional Fashion Ecosystem, for Me and You. www.alahausse.ca/ [email protected]
Published by HackerNoon on 2021/06/15