Arket, a London-based company, and the H & M internal brand are now in the process of testing the new blockchain-based product. As per report, Arket is implementing the VeChain blockchain to track product data securely.
The adoption of the Blockchain is slowly catching on
To celebrate its new blockchain implementation, Arket spokesperson declared TNW;
Arket performed a small concept test (POC) through a pilot test with VeChain to use blockchain technology to ensure traceability of product data in the value chain, "said the spokesman at Hard Fork.
A video shows users scanning an Arket object via VeChain Pro App that helps users find detailed product information. However, the article's Arket test is underway and has not been evaluated yet.
– Dimitrios Neocleous (@_DiNeocleous) 2 November 2018
The news comes for the first time when few social media enthusiasts have shared videos of their experience on social media sites such as Reddit and Twitter.
VeChain is a blockchain platform that allows retailers and consumers to define the quality and authenticity of the products purchased. It aims to improve the supply chain management system in which the product can be completely monitored by its history, by the replacement of spare parts, by information and by reaching the final customer.
Following the feature that VeChain uses "digital property management process", Arket aims to make the process complete more secure and digitized and therefore the tests are ongoing.