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  What is the digital product passport? The intended introduction of a digital product passport will enable the collection and sharing of product data throughout the entire life cycle of a product. This will provide insight into how sustainable, environmentally friendly and recyclable the product is. A DPP is essentially a product-specific dataset that makes publicly available both legally required and voluntarily designated information in a structured manner. The passport can inform consumers and other parties involved in the life cycle of a product about the origin, composition, repair and disassembly possibilities and recycling options of the various components. The European Commission proposes to apply DPPs to support the circular economy, decarbonisation and sustainability and to work more transparently by making product information available throughout the value chain. After implementation, the digital product passport will play a role in further enforcement of legal require...

  What is blockchain in the supply chain? Blockchain technology significantly affects supply chains, providing a more secure and comprehensive way to track transactions. Through a distributed, cross-linked ledger, companies can monitor a product's history from its origin to its current location, securely documenting each iteration from manufacturing to sale. With this disruptive technology, parties can operate on a shared platform, reducing delays, added costs, and human error associated with transactions. Organizations can quickly identify sources of fraud and prevent data breaches by eliminating intermediaries and maintaining thorough records. Overall, the blockchain's shared ledger ensures a reliable and tamper-proof audit trail of inventory data and financial information within a supply chain. In this way, organizations synchronize logistics, monitor shipments, and automate settlements by sharing only relevant data without significantly modifying their current systems. Bloc...

  In this article, you will explore how using blockchain for luxury product traceability can improve customer experience, optimize product lifecycle, and strengthen strategic collaboration in the global luxury brand ecosystem. Today, blockchain technology is transforming various aspects of the industry, and one of the fields where it has shown incredible potential is in luxury product traceability. Luxury brands are looking to offer their customers unique experiences and high-quality products, and implementing blockchain in their supply chain can be a crucial step in that direction. Introduction of Blockchain Technology The luxury industry is increasingly adopting blockchain technology to improve product traceability, fight counterfeiting and boost consumer trust - part of a larger trend where sectors are realizing blockchain's potential to provide transparency and an immutable record. Initiatives of major brands Major brands such as LVMH and Prada are incorporating blockchain to v...

  Introduction In the context of sustainable fashion, the use of blockchain is revolutionizing the industry by providing transparency and traceability throughout the supply chain. This emerging technology is allowing ethical and sustainable brands to verifiably demonstrate their responsible practices, which in turn is driving a significant shift towards a more ethical and transparent model in fashion. Blockchain, best known for its association with cryptocurrencies, is a system of recording information that relies on decentralization and cryptographic security. In the context of sustainable fashion, blockchain is used to trace the origin of materials, verify labour conditions in the supply chain, and ensure the authenticity of products. We will explore how blockchain is transforming the fashion industry towards more ethical and sustainable practices, and how this technology is playing a crucial role in promoting ethical and eco-friendly fashion. What is Blockchain and How is it Ch...