Mastercard will use the blockchain to protect users from fake designer clothes

Mastercard announced on Friday that it will be teaming up with a bunch of designers and artists in order to adopt the blockchain technology for the industry. The company mentioned its new “Provenance” platform which will be used to track and record the road that designer clothes go through before finding their way to the nearest shelf at a store. Although this is a great initiative for tracking the product’s lifecycle there is something completely different in mind for the project. Mastercard will be focusing on removing the dangers of consumers purchasing fake products that have misleading marketing campaigns. The