Blockchain Adoption: VeChain chosen to Test Blockchain By H&M In-House Brand Arket


Blockchain Adoption: VeChain chosen to Test Blockchain By H&M In-House Brand Arket

Arket, a London based firm, and H &M in-house brand are now moving ahead to test the new product based on blockchain technology. As per the report, Arket is implementing VeChain blockchain to trace product data in a secured manner.

Blockchain adoption slowly gaining momentum

To mark its new blockchain implementation, Arket spokesperson said TNW;

Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain,” the spokesperson told Hard Fork.

A video shows users scanning an Arket item using VeChain Pro App which helps users find detail information about the product. However, the Arket item’s testing is ongoing and has not been evaluated yet.

The news first comes into picture when few social enthusiasts shared videos of their experience over social media sites including Reddit and Twitter. 

Why VeChain?

VeChain is a blockchain platform, enabling retailers and consumers to define the quality and authenticity of the purchased products. It aims at enhancing the supply chain management system where the product can be completely tracked since its history, spare part replacement, information and till it reaches to end customer.

Following the feature that VeChain utilizes “digital ownership management process”, Arket aims at making its complete process more secured and digitized and thus testing is in process.

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Reach out to her at [email protected]