Technology blockchain is used by many industries, and has recently begun to penetrate into fashion world. Cooperation of four companies: temer, PwC, Luxochain and Var Group, resulted in the creation of a platform Virgo, which allows you to check the authenticity of luxury fashion products.
The use of blockchain technology in the fashion world
Blockchain in the fashion industry helps to connect individual brands that, as a rule, avoid sharing information with competitors.
Platform Virgo, which was created by joining forces of four international companies: Temera, PwC, Luxochain and Var Group, is designed to provide the opportunity to check the authenticity luxury products clothing.
It is based on block chains as well as other modern technologies such as RFID, i.e. radio frequency identification, UHF - ultra high frequencies and NFC - short-range communication.
Virgo has a modular, open structure, thanks to which it integrates seamlessly with various systems, and what is more, it is able to monitor the entire life cycle of a luxury product, and at the same time is extremely easy to use.
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This solution provides modern technologies with greater opportunities for development, and clients the ability to control the product they purchase.
Virgo gains an advantage over other certification systems
According to the creators of Virgo, one of the most important premises for creating the platform was the weakness of current certification systems, which are not only highly complex, but also expensive. Nor do they provide sufficient transparency in supply chains.
Virgo is a tool that allows to increase the level of trust in a given brand, respecting ethical values, sustainable development and the natural environment.
How does Virgo work?
The Virgo platform is a completely safe and transparent solution, available in the form of an application that can be downloaded via a smartphone.
Its users can check the product before they decide to buy it.
The skillful combination of several different technologies has resulted in the creation of a tool that is an effective support for verifying the supply chain processes of exclusive products from the fashion world.
Virgo enables brands and clients to monitor luxury goods, from the raw materials sourcing to production and sales.
The platform benefits both consumers who gain confidence in purchasing the original product and the brands themselves, which thanks to blockchain technology further increase their reputation.