Apparel December 2019 | Page 86

TECH TALK Building Blocks of Progressive Apparel In an industry that is currently facing an extreme dearth of uniformity and transparency, Samir Alam demonstrates how blockchain technology can play aid. Over the last decade, blockchain technology has become increasingly common in the news and businesses. From a form of digital currency to a type of network security, blockchain has become the rallying cry for a number of industries. However, for the longest time, this has not made much of an impact on the apparel sphere. Imagine a tool that could allow companies and customers to easily (and cost-effectively) track any garment at every stage of its lifecycle—from the fields where the material is grown to its final point of purchase. Or imagine a marketplace where consumers could just use their smart devices to check a piece of clothing to know its 84 I APPAREL I December 2019 entire journey, and to understand whether it is sustainable and complies with labour laws. With blockchain technology, this can be a reality. The impact that this kind of transparency and traceability could have is immense as it would put sustainable production policies into action, and even play a major role in easing tariff and duty issues between nations. This technology would put power and choice in the hands of the customer like never before. In this article, we explore what blockchain technology actually means in practice, and how apparel brands can leverage its potential to transform how they conduct business.