Blockchain, IoT and Resale 3
A scaling of fashion resale requires traceability of individual garments and technology for locating and disseminating one-offs on the secondary market, as well as a deeper understanding of value creation and market mechanisms. This project aims at aligning and validating state-of-art of blockchain and IoT technology, as well as investigating user behaviour and economic flows on the current resale market.
The effective use of blockchain, IoT and integration into existing systems requires significant technological knowledge, making the transition into using blockchain hard for small and medium sized enterprises.
Furthermore, resale is contradicting current linear trend- and seasonal logics of the fashion sector which is one of the primary barriers for scaling of resale and take-back schemes both in terms of mindset and logistics.
By being proactive Danish companies can lead the development of solutions that incorporate Danish and European preferences into the standardization process rather than being subjected to the systems of Chinese or American companies or the global Internet giants such as Amazon or Alibaba. DK currently has a stronghold of resale in EU as 9% of DK clothing purchases are resale against 5% in other EU countries. The resale market is immature globally but is estimated to take over fast fashion by 2030. DK could be lead in this through clever implementation of IoT and blockchain technology combined with deep consumer- and market insights. Digital prototypes created with blockchain and IoT technology can decouple resources in the design phase which can save 10-20% textile waste during production. Tracking devices can help inform valid LCA measurements and design practices for longevity and can thereby support legislation and policy making for circularity of the fashion market, currently the most linear sector in the world due to the prevalent trends- and seasonal mindset. Scaling of resale can push for longer use phases of clothing which is vital to ensure climate goals.
Resale is estimated to generate $64B by 2024 and is the only viable way of reducing waste of clothing, pushing for better quality garments, and reducing poor quality textile waste.
Participating partners: Alexandre Instituttet, Copenhagen Business School, Lifestyle & Design Cluster, Ganni, Continued Fashion, Create2Stay, By Green Cotton, Soulland, ReShopper, Textile pioneers, Wehlers and Son of a Tailor
Education in IoT, Blockchain & Resale market for the lifestyle industry.
CBS, the Royal Academy, the Alexandra Institute and LDC are investigating how the circular design principles of the future can meet new technology and support a sustainable scaling of the resale market.
You can join the journey by participating in online educational sessions. Here you get the latest knowledge from research, hear interesting cases and insight into how Blockchain, IoT, design principles and the resale market interact, and how your company gets started with the implementation.
Over four courses, you will go through technologies, supply chain, data and trends in the resale market.
Session 1. Blockchain IoT for scaling resale market. (31. August 2023)
Session 2. Industry Standard of the Global supply chain. (3. November 2023)
Session 3. Trends from the resale platform. (4. April 2024)
Session 4. Value creation in the resale market. (16. Maj 2024 )
Signup here and recieve material for the four sessions: See our List of Project Partners
PODCAST
Lyt til serie: TRACE - Kan ny teknologi skalere gensalgsmarkedet?
Dette er en podcast om gensalgsmarkedet og nye teknologier i modebranchen.
I denne podcast møder du nøgleaktører og eksperter fra TRACE-projektet, IOT og der har dykket ned i teknologi og mekanismerne i gensalgsmarkedet sammen med førende virksomheder som Samsøe Samsøe, NN07, By Green Cotton, Soulland, Bestseller, Kongens Sløjd, SassyLab, Tise, Continued Fashion, ReShopper, Create2Stay, Fritz Hansen og Textile Pioneers.
Vi vil også udforske, om gensalg forlænger brugsfasen af tøj og produkters levetid. Hvordan påvirker gensalg markedets bæredygtighed og hvordan kan vi maksimere varigheden af tøj og produkters brug?
Dette er din chance for at være en del af samtalen omkring genbrug, teknologi og en mere cirkulær fremtid i modeindustrien.
Lyt med for at blive inspireret og opdateret om de seneste tendenser og løsninger.
Podcasten er finansieret af TRACE, støttet af Innovationsfonden, og udviklet i samarbejde med Lifestyle & Design Cluster, Copenhagen Business School, Det Kongelige Akademi og Alexandra Instituttet.
Findings
Dissemination and Education. Here you can access material from the projects. Everything for educationaal cases to use-cases and reserach articles.
Educational Cases
- 1 Education Case What Is The True Story Behind Your Clothes
- 2 Education Case Blockchain And Iot For The Resell Strategy
- 3 Decentralized Autonomous Organizations (Daos) For An Industry Wide Blockchain Solution
- 4 Education Case Empowering Sustainability
Use-Cases
- TBA
Research material from workshop
- Development In Iot Report
- Blockchain As Industry Standard
- Digital Product Passport Presentation
- Tassilo Schuster 2023 10 25 Trace Project Presentation EN US
- Resale Strategi 231025 Caspar Lotta Resell
Published articles
- Article by Mette Dalgaard Nielsen, Ph.d.-stipendiat at the Royal Academy: Does Resale Extend the Use Phase of Garments?Exploring Longevity on the Fashion Resale Market
Project Leader
Jan Damsgaard
Mail: jd.digi@cbs.dk
Other Textile Projects