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Blockchain and the Fashion Industry a Surprisingly Good Mix

Blockchain is all around us. Even though some people claimed that this technology was nothing more than a passing trend when it first arrived to the market, it’s become clear at this point that this is far from the case. In fact, we’ve already seen some amazing implementations of blockchain in sectors outside of finance, and it’s interesting to think of the possibilities for many other areas as well. Fashion seems to be one of the more surprising recent adopters of blockchain, and while this might sound strange at first, it actually makes a lot of sense when one digs beneath the surface.

The Current Situation

While blockchain is still not prevalent in the fashion industry, we’re already seeing some interesting applications of the technology. It can make it easier to track long chains of transactions, which can be perfect for companies that produce clothes from multiple different sources. It doesn’t matter if you’re being supplied by, and then transfer your products to multiple online stores and retail shops, you should be able to keep all your assets in check and easily tracked with the help of modern blockchain solutions.

Adoption Rate

Sadly, as we mentioned above, the adoption rate for this tech is still relatively low, and it remains to be seen how quickly it will be taken in by some of the major players on the market. For the most part, we’re still only seeing blockchain used by smaller companies that have more room for experimentation. But it’s only a matter of time before it expands to other parts of the market, because it’s already shown that it has a strong potential for an even greater adoption rate.

Things to Keep in Mind

Of course, blockchain is not a magic wand that automatically resolves problems with transaction verification and other similar points. It has to be used responsibly and only where it truly makes sense, and that comes down to working with the right specialists who know how the technology works on a fundamental level.

It’s also important to be early if you want to maximize your chances for the future. This will likely become a very competitive corner of the market, requiring an even more active approach from those who want to have a good chance in it. Start early, explore what the market has to offer, and choose your partners and deals carefully.



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