New Thinking About Blockchain in the Fashion Industry

Abstract

Blockchain is a relatively new and emerging technology that can be considered as a digital, decentralized, and distributed public ledger that records data, tracks transactions, and updates information. The majority of blockchain research has been conducted on bitcoin or other cryptocurrencies. Recently, however, researchers have recognized blockchain's potential in other areas, and the concept of blockchain technology is already starting to be applied in the fashion industry. While blockchain finds many applications related to sustainability and transparency, this research developed a blockchain model to map out the future fashion supply chain from a product attribute perspective.