Did Alexander McQueen know something we didn’t in S/S99 when he put Shalom Harlow on stage with two robots?
One buzzword that has the fashion industry aflutter at the moment is blockchain; purported to solve myriad problems across the industry, from logistics to supply chain and even counterfeit products. But what exactly does it mean? We caught up with Joy Aljouny to explain it in laymen’s terms. Founder of Bonfaie, a company that was acquired by fashion e-commerce giant Moda Operandi, Aljouny also co-founded Fetchr (the online delivery service), raising $41 million for the company and vastly responsible for its financial success. “Blockchain is really simple when you simplify it; blockchain is information,” she explains. “So you no longer need third parties, that is all it is. For example, all the records people have stating where a garment has been made, where the fabric has come from, who bought the fabric, all this information will sit in a cloud and will be accessible to anyone who has an internet connection. It will put the customer at the forefront of everything we do and there will be absolute visibility.”
This story is from the July/August 2019 edition of Emirates Woman.
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This story is from the July/August 2019 edition of Emirates Woman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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