Another industry is giving the blockchain technology a try. Fashion and design empire H&M gives VeChain a test run.
Arket experiments with VeChain for product tracking
The company’s in-house clothing brand Arket has been experimenting with the blockchain company in order to track products.
The latest rumors on Reddit and Twitter involve a pilot test, and they surfaced online since October.
A spokesperson at Arket told The Next Web that a test “is ongoing and has not yet been evaluated.”
Arket has done a small Proof of Concept (POC) via a pilot testing with VeChain to use blockchain technology for securing product data traceability in the value chain.
The test has been made on a wool beanie from the autumn 2018 collection, according to the latest reports from The Next Web.
Before buying an item, conscious shoppers can open their VeChain app, scan a product’s NFC chip and retrieve data about that particular item including the material that has been used, the artist’s ID, colo, supplier, factory name and more relevant information.
The CIIE took place between November 5th to 10 at the National Exhibition and Convention Center (Shanghai), hosting business communities, government officials, exhibitors and professional purchasers from about 172 countries.