“In recent news, the German blockchain foundation, IOTA is initiating a Distributed Ledger Technology to enable a more supportive and ethically sourced fashion industry along with Avery Dennison, a global manufacturing company. The platform will be experimented with luxury label ALYX, to allow its customers full understanding about the supply chain.
Customers can be able to track the lifecycle of the purchased item from the creation of the product to the point of sale, with the help of an app which reads items QR codes. IOTA’s Distributed Ledger Technology will record the garment’s source, raw materials, and production date allowing the users to verify the product and also to check its validity credentials…”
For More:
https://www.cryptonewsz.com/iota-partners-with-luxury-fashion-brand/19976/