Fast fashion giant · H & M ‘s new brand ” Arket (Arket) ” has tried the product data tracking system utilizing the block chain platform VeChain ($ VET).
It is rumored that Arket is experimenting the system utilizing VeChain from early this month with Reddit and Twitter, and the validity of the rumor was confirmed from the contents Arket officials told overseas media Hard Fork this time.
For videos posted on social media, we see that the product tag of Arket is scanned with VeChain Pro and details of the product data are confirmed .
VeChain ($ VET) is a block chain platform from Singapore that focuses on delivering business solutions and has partnered with a number of major Chinese companies including automaker BYD .
The platform adopts Proof of Authority (PoA) which has high affinity with the private consortium chain, and it is a network suitable for management and tracking of its products.
Arket’s product tracking system utilizing VeChain is just a trial stage and it is not yet clear whether future partnership will be decided in the future .
Article source etc:
- Original article by Hard Fork (English)
- Reddit’s post (English)
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/hm-arket-to-test-vechain-powered-data-tracing-system/
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