H&M, Target, PVH Corp, Microsoft, Waste Management and others have collaborated on CircularID, an initiative designed to promote circularity by creating a new standard for communicating information about fashion products. The project would provide access to information such as materials, origin, authenticity, price, style and recycling instructions that stay with goods throughout their life.
CircularID™ is a Digital Identity standard that enables products to consistently communicate and share information about themselves essential for identification and management of the products and materials in the circular economy.
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Since its inception, blockchain has been hailed for its disruptive potential in the finance sector. Convinced that blockchain is on the brink of transforming more than just the finance industry, Artiona Bogo, Blockchain Software Engineer and Business Developer at the SAP Innovation Center Network, as well as jury member for the Aviation Blockchain Challenge shared her thoughts on where blockchain can truly add value: