Blockchain Pioneer acquires the international fashion house Blk DNM

by Arthur · June 7, 2023

[gpt3]rewrite

ChromaWay will integrate blockchain functions into BLK DNM, pioneering connected fashion and inspiring responsible industrial behaviour

Stockholm, Sweden –News Direct– Chainwire

Stockholm’s blockchain technology company ChromaWay today reveals the purchase of the iconic Swedish-American fashion brand BLK DNM.

The acquisition was in line with the recent relaunch of BLK DNM as a modern, community-driven fashion house. It marks ChromaWay’s first acquisition of an established company with the aim of implementing decentralization in the real world: i.e. creating positive behavioral change, fairer access and more control from users within traditional industries.

ChromaWay’s blockchain capabilities will be integrated into BLK DNM’s strategy and products, the first meaningful use of the technology in fashion.
In pioneering “connected fashion”, BLK DNM will seek to inspire more responsible behavior in the industry.
The first technological innovations will be announced before BLK DNM’s F/W 2023 collection unveiling

The first innovations to be revealed in BLK DNM’s F/W 2023:

ChromaWay’s blockchain capabilities will be integrated in a revolutionary way into both BLK DNM’s brand and products. BLK DNM will consequently become a pioneer in “connected fashion” – the use of technology to create community and responsibility in fashion – heralding the first significant use of blockchain technology in an industry not yet significantly impacted by Web3 technologies.

BLK DNM will unveil the first tranche of technological innovations built on ChromaWay’s ‘Chromia’ relational blockchain in the coming weeks. This will include software and hardware-based innovations embedded in BLK DNM’s F/W 2023 collections, underpinned by the ethical and communal concept of “connected fashion”.

Toni Collin, CEO of BLK DNM, and Henrik Hjelte, CEO and co-founder of ChromaWay

Henrik Hjelte, CEO and co-founder of ChromaWay, comments: “BLK DNM is a brand with an ethical mission and decentralization in its soul – it is already something of a borderless community. It was a natural fit for our ambitions to transform the fashion industry through innovation. BLK DNM’s upcoming technology rollout will illustrate the power of our blockchain capabilities to create real behavioral change in an industry that has so far struggled to control its problematic environmental impact and embrace progress.”

Toni Collin, CEO of BLK DNM, comments: “Our industry needs to start looking towards innovation: fast fashion’s environmental impact is totally unacceptable, and at the same time, as the world becomes more digitalised, the concept of community is changing. That’s why BLK DNM joining ChromaWay is so exciting. The potential of this technology to create genuine change in fashion is obvious, but no one else in the industry is using it in a meaningful way yet. Together, BLK DNM and ChromaWay are building something completely unique and ground-breaking. We will be able to reveal the first innovations very soon.”

About ChromaWay

ChromaWay is an industry leader in blockchain technology and specializes in creating and deploying cutting-edge, scalable blockchain solutions for businesses and governments. The company, established in 2014 and headquartered in Stockholm, Sweden, has been at the forefront of driving the widespread use of blockchain technology. Its flagship product, relational blockchain Chromia, enables developers to build decentralized applications (dApps) with a relational database model that offers unprecedented scalability and flexibility.