11 September 2019

How blockchain might change the fashion industry – and safeguard the authenticity of your goods

The fashion industry is grappling with the question of how to ensure the origin, quality and authenticity of products and prevent the purchase and sale of fake products. Blockchain, when combined with other technologies, may able to help. Here, we review how.

  

So far you have probably only heard of blockchain in connection with financial transactions and bitcoins. Well, that should change soon.

  

Tamper-proof

Blockchain is the catch-all term for technology that permanently records transactions in a digital, tamper-proof database.

Why do businesses need to take note?