Sustainable and ethical practices by implementing blockchain throughout the luxury fashion supply chain.

Open thread.

#blockchain #SupplyChain

Luxury fashion companies can enhance their reputation with consumers and other stakeholders by making all of their supply chain management practices TRANSPARENT.

Reporting all costs to promote an image of transparency, has become very important to consumers. Brands that use #blockchaintechnology can optimise transparency by granting access to the network and information about the supply chain transaction history.

@jessibaker, Founder and CEO of @ProvenanceHQ, one organisation providing such services said:

This is particularly important as fashion supply chains are highly fragmented, and the number of suppliers and sub-suppliers could be up to 50,000.

#fashion #SupplyChain

Blockchain can increase this trust and improve the tracking. This information can be made available to clients at the time of purchase or post-purchase through QR codes or RFID tags that provide viewing access to the DLT.

The shoe company @fuchsiashoes, is trialling blockchain for this purpose. They share information about the workers, who handcraft its shoes, using a blockchain platform called @ProvenanceHQ.

These initiatives stimulate stakeholder support for artisan workers.

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