Confirmed: Fashion Empire H&M Testing VeChain Technology.

Fashion and design conglomerate H&M is giving VeChain a test run. Their in-house clothing brand Arket has been experimenting with the blockchain company to track products.

Image result for h&M

Rumors of a pilot test started to spread on Reddit and Twitter in October. Now, a spokesperson at Arket tells The Next Web that a test “is ongoing and has not yet been evaluated.”

“Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain. The test was made on a wool beanie from the autumn 2018 collection.”

Before making a purchase, conscious shoppers can simply open their VeChain app, scan a product’s NFC chip and retrieve information including material used, artist ID, color, supplier, origin and factory name.

Singapore-based VeChain launched another fashion collaboration a few weeks ago, when it teamed up with high-profile shoe artist SBTG to release Adidas shoes containing NFC chips.

Another step forward towards cryptocurrency mainstream adoption, would you agree?


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Author: Daily HODL
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