How Blockchain Technology Is Transforming The Fashion Industry

Posted by Indrajeet on July 31st, 2019

Oodles Technologies is a leading offshore Blockchain Development Companywith an expertise in building high-octane cryptocurrency & blockchain applications.

The influence of Blockchain technology in the worldwide market has grown exponentially over the years. While the technology was best known for facilitating Peer-to-Peer payments, researchers, industrialists, and tech enthusiasts are starting to realize the true potential of this state-of-the-art ledger technology. From Finance to Retail, from Healthcare to Supply chain and Real Estate, Blockchain seems to be unstoppable now, with new use cases arising more frequently than ever before.

In many of our previous blogs, we have talked about the use cases of Blockchain in Finance, Retail, Education, Supply Chain, and many different industries. This blog, however, will give you an out-and-out overview of how this distributed ledger technology could be used to transform the Fashion or Apparel Industry.

There was a time when apparel companies were more concerned about transparency in Supply Chains. Opacity in supply chains was considered a competitive advantage since it ensured that no one from the outside could gain insights over a company’s supplies and trade secrets. However, there has been a change in the picture, dramatically changing the perception of most people about transparency.

The text above is a summary, you can read the full article here.