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Nike And Macy's Tinker With Blockchain
Summary: Leading clothing brands, including Nike, Tommy Hilfiger and Calvin Klein, as well as major retailers like Macy’s, Kohl’s, and IBM, are taking part in a new project to track products on a global supply chain. The aim is to provide a secure way to share data, while retaining ownership of it.Led by the RFID Lab ...
Leading clothing brands, including Nike, Tommy Hilfiger and Calvin Klein, as well as major retailers like Macy’s, Kohl’s, and IBM, are taking part in a new project to track products on a global supply chain. The aim is to provide a secure way to share data, while retaining ownership of it.
Led by the RFID Lab at Auburn University in Alabama, the so-called Chain Integration Project (CHIP) uses enterprise blockchain Hyperledger Fabric and RFID tags to solve the problem of counterfeiting, which costs brands and retailers $98 billion annually.
Tracy Chen
