March 28, 2024

H&M uses VeChain blockchain to track supply chains

H&M Uses VeChain Blockchain to Track Supply Chains

Blockchain Supply Chain Tracking Platform VeChain Has Partnered With Apparel Trading CompanyH&M.

According to Cointelegraph, a Cos subsidiary has partnered with VeChain to provide its customers with transparent supply chain data.

And while H&M has yet to officially confirm the partnership, the chief executiveVeChain platform Sunny Lu has already announced the joint launch of the project with a "fashion brand".

According to Lu, with the help of MyStory, a platform on the VeChain blockchain, "more than 4,000 items have already been tracked."

Recall that in 2019, the French conglomerate LMVH also launched a blockchain platform to track the authenticity of luxury goods and clothing from brands such as Louis Vuitton and Christian Dior.

Based on materialscointelegraph.com