A podcast called “Fashion Forward with Blockchain” discusses the potential of blockchain technology to address issues within the fashion industry’s complex supply chain, referencing an article in Global Textile Times. The podcast highlights Blockchain’s Role in Fashion Supply Chains by proposing blockchain as a solution to the varied problems like counterfeiting, lack of transparency and other issue.
Blockchain’s features, including immutability and decentralization, can ensure traceability of raw materials, promote ethical practices, and combat counterfeiting.
While challenges like high implementation costs and technical complexity exist, the podcast suggests blockchain can foster transparency and trust while empowering consumers and creating a more sustainable industry.