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Author Topic: Fashion Designer Turns To Blockchain for Supply Chain Visibility  (Read 48 times)
mrob82 (OP)
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December 09, 2020, 12:37:28 AM
 #1

One of the biggest issues I see for new people in the industry is the inability to understand that cryptocurrency is more than just finding and hoarding the almighty BTC.  What is a practical use for blockchain or infrastructure or from alts.  A prime example is Desigual, they are a fashion designer that has decided to utilize blockchain and infuse it within their supply chain.

Quote
For the initiative, announced Tuesday, Barcelona-headquartered Desigual will use the Marco blockchain platform from Finboot to track supplies from initial order to arrival at its distribution centers.

Quote
The "track and trace" platform will be able to warn of possible delays and help improve insight into delivery operations, all in "near real time," Finboot said.

The ability to be able to utilize any type of cryptocurrency within aspects of business are just going to cement the crytpo and keep solidifying its place within our society.  I feel that we are really on the cusp of greatness within specific segments of an industry.  Blockchain could start leading to tracing on medication or within certain aspects of the medical industry.  For example, using blockchain to identify and solve supply issues for diabetic patients and their need for insulin.  The amount of assistance the crypto industry could provide is endless.

The article is short, but worth the read.

https://www.coindesk.com/fashion-brand-desigual-turns-to-blockchain-tech-for-supply-chain-visibility
pakhitheboss
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December 09, 2020, 04:15:31 AM
 #2

There have been projects focussing in supply chain in the past. Few projects did raise money by holding ICO or IEO but the success rate has been pretty bad. Blockchain technology does not serve purpose in all sectors. I have seen it creating huge changes only in the finance and banking sectors.

I do not know how much practical it will be for this company to use this technology for tracking products but I hope they become successful and create an example for others.

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Baskeyairdrop
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December 13, 2020, 01:22:59 PM
 #3

I have seen medical projects that did ico for this same reason wanting to provide a network under blockchain to aid better improvement of the medical network but I have not seen any that have been successful for their success.
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