I am brainstorming ideas as part of an elective on luxury and fashion. I thought of integrating crypto into my project somehow as it is an interest of mine.
There have been some attempts already by big players like lvmh and Dior.
It's mostly been just NFTs as collectibles.
I wonder what an actual use case for crypto would be here (if there is one).
NFTs could offer Proof of identity, ownership, or authenticity, but what would it look like to implement something like this practically?
For instance, details could be falsified before they are put up on the blockchain, since the blockchain cannot track or prove anything that happens before this. We would still need to trust the process/people in charge of at least the first mile.
The blockchain itself could be used for some sort of supply chain management. Would decentralizing that really be an improvement?
Could someone help me out here with formulating an idea, or by playing devil's advocate?