Alyx Fashion Brand Launches IOTA-Powered Pilot for Supply Chain Transparency

Published at: June 24, 2019

Alyx — the luxe fashion brand founded by erstwhile Lady Gaga creative director and Kanye West collaborator Matthew Williams — is launching an IOTA-based pilot for supply chain transparency. The news was reported by industry magazine Vogue Business on June 24.

Williams — who earned a 2016 LVMH Prize finalist nomination for his work at Alyx, and spearheaded brand partnerships with Moncler, Nike and Dior Men — has launched the blockchain pilot together with manufacturing giant Avery Dennison and London-based internet of things (IoT) software firm Evrythng.

As reported, IOTA is an IoT-focused distributed ledger technology firm, which has created an architecture dubbed “Tangle.” Unlike a blockchain, the Tangle protocol does not use “blocks” or mining, but is instead built upon a directed acyclic graph (DAG): a topologically ordered system in which different types of transactions run on different chains in the network simultaneously.

News of the pilot confirms earlier reports of a prospective collaboration between Alyx and IOTA.

For the pilot, nine Alyx pieces will reportedly feature a scannable QR-code that reveals the supply chain of the product — including the sourcing of its raw material, the garment’s place of manufacture, and shipping history.

Once Alyx suppliers have entered the relevant data, Evrything stores and uploads it onto the ledger, while Avery Dennison creates a digital ID tag for each unique garment, per the report.

While the pilot remains limited in its scope, Williams has reportedly told Vogue Business that his “north start goal” is to put the entire range of Alyx products onto the blockchain in a bid to promote transparency.

As Vogue Business notes, the fashion industry faces a considerable challenge bringing its supply chain data onto the blockchain given the wide array of materials and manufacturers that can be involved in the production of a unique garment.

Michael Colarossi — Avery Dennison’s vice president of innovation, product line management and sustainability — told the magazine that the key to making a blockchain solution scalable is to increase automation and to identify “the right nodes of the supply chain from where to pull data and then determining how to most efficiently extract that data.”

For Alyx, Williams told Vogue Business, blockchain implementation was relatively less complex, given the brand’s just four-year history and the fact that it produces 80% of its products with Italian suppliers who are committed to transparency. This latter point is important, the report notes, given that the system wholly depends on the accuracy of the input data.

This May, ConsenSys teamed up with French multinational luxury goods conglomerate LVMH and Microsoft to build a blockchain-powered platform that allows consumers to verify the authenticity of luxury products.

Tags
Related Posts
The blockchain revolution is already here, say Alex and Don Tapscott
According to tech evangelists Don and Alex Tapscott, blockchain technology will prove itself the most disruptive technology of the next decade. “We now have an Internet of value that can give us another opportunity to rewrite the economic power grid and the old social order”, said Don Tapscott. However, Tapscott senior underlines that it will take a while to transform established, multi-trillion dollars industries, such as the supply chain and financial transaction sphere. Even so, Alex Tapscott pointed out that successful blockchain use cases are already gaining traction. For instance, he mentioned that stablecoins are already having a significant impact …
Decentralization / Oct. 28, 2020
Centralized data management hampered the global response to COVID-19
The COVID-19 outbreak, just like any other black swan event before it, revealed systemic weaknesses in a wide variety of industries and processes. With the information age now in full swing, this particular event emphasized the critical importance of data management, and it highlighted the failure of status quo data management systems. In terms of the global response to the pandemic, the consequences of poor data management range from exacerbated shortages to unnecessarily long medicine development times, and the end result is more lives lost. On the other hand, opportunities abound for those who embrace the next generation of data …
Decentralization / Oct. 4, 2020
IOTA’s Chrysalis Upgrade Turbocharges Network Speeds 50x
The IOTA project has successfully completed its Chrysalis upgrade, enabling the network to handle up to 1000 transactions per second. This is around 50x faster than previously when the network topped out around 20 TPS. According to an Aug. 19 blog post from the IOTA Foundation, IOTA 1.5, AKA Chrysalis, is now live. The upgrade is designed to be an intermediate stage before the removal of the Coordinator from the IOTA network. The Coordinator is a centralized server managed by IOTA developers that creates checkpoints in its transaction history. Under Chrysalis, the confirmation time of transactions for token transfers on …
Decentralization / Aug. 20, 2020
Electronics Giant Bosch Partners with IOTA to Launch New Device for IoT Data Collection
Engineering and electronics manufacturer Bosch has partnered with IOTA, integrating its new data collection Internet of Things (IoT) device with the decentralized IOTA Data Marketplace, according to a tweet from Bosch Nov. 12. The IOTA Marketplace is a decentralized data marketplace where parties can buy or sell access to active data streams, using MAM (Masked Authenticated Messaging). According to a post on Bosch’s blog, MAM is a second-layer data communication protocol that allows for data to be shared peer-to-peer securely via an encrypted channel. Data subscribers can in this way “trust the source and integrity of data even though the …
Decentralization / Nov. 13, 2018
Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week. What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week, drop your email below. Borderless Capital launches $500M fund to support Algorand ecosystem Capital venture firm Borderless Capital announced the …
Decentralization / Dec. 3, 2021