Blockchain Technology: An Add-On Advantage For The Beauty Industry

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Crypto World At Your Finger Tips!
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Blockchain Technology An Add-On Advantage For
The Beauty Industry
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Now, becoming decades old, this digital crypto
coin hardly needs any special or new
introduction. The worth of this popular
cryptocurrency can be judged through a Bitcoin
millionaire list, the ones who became richer by
betting upon it. but today, our main subject does
not revolve around this dominating cryptocurrency.
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• It is nothing new to know about the beauty
  industry which has been flourishing for years.
  Two years back, the beauty industry crossed
  around 18.8 billion, according to a study. The
  growth of skincare went up to 13 and resulted in
  60 of profit to the industry. When it comes to
  sales, then makeup stands as the biggest class.
  Hollywood celebrities like Kim Kardashian and
  Rihanna are among the two best examples which
  have established their realm on makeup.
• Next comes the hair. With a 25 rise in sales, it
  is a minimal and speediest rising category. With
  the emergence of blockchain technology, it has
  changed the perspective of gripping beauty, and
  with the continuous rise in hair, makeup, and
  skincare is hoped to do better in the present
  year and beyond. The giant disruptor will have to
  be get disrupted by this technology.

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Rising Beauty Trends

• The growth of the beauty industry lies behind the
  contribution of various trends. Below are some of
  the rapidly rising trends, that are under focus
  by several new brands.

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Immediate Updation
Considering the add-on advantage of blockchain
technology in the beauty industry, one of the
rising trends which many newbie brands are
focusing upon the product displaying the instant
updation in lines, bags, and lightening up.
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Doll-Like Appearance

• The doll-like appearance is much in rising trend
  showing excess makeup, simple effect, or
  resection for porcelain. It is a must to feel
  perfect.

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Natural Skincare

• This developing trend has been drawing much
  attention especially, among the consumers who are
  serious about their health and wellness, beyond
  the products they have been using so far. Note
  that blockchain technology is efficient to see
  the clarity of these products.

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Other Uprising Trends

• There are other uprising trends in the beauty
  industry, which are not completely centralized on
  beauty, but with technology. One such technology
  is social media.
• This platform has reformed the method of
  creation, buying, accessing beauty products, and
  the market. Various upcoming new brands are
  trying to prove their mettle through social media
  platforms, and stores (online as well as visible).

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Advantage Of Blockchain Technology For Beauty
Industry

• Even though the beauty industry has excelled in
  being admired and demanding, still, the pace of
  this industry has been very snail-like in terms
  of digital change. Also, there are challenges
  faced by the beauty industry, including placing
  orders, distribution of supply chain, the timing
  of processing and payment, the credibility of the
  product, customer experiences, and booking
  appointments. Kudos to blockchain technology that
  emerged as an add-on advantage for this industry.
• Some blockchain-based platforms are centralized
  towards the beauty industry and are showing their
  worth with random growth.

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JOLYY

• Coming on to next is JOLYY, an online
  blockchain-based booking platform, that uses
  latter technology to have a unique and productive
  beauty booking process.

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COSMEE

• Another platform, which makes the best use of
  blockchain technology is COSMEE. The main
  objective of this platform is to generate shared
  values for companies and customers.
• Being a foremost Cosmochain project, COSMEE
  benefits the users with cryptocurrency reward, in
  generating participation of community and beauty
  contents.

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Conclusion We all have been fascinated by the
success of Bitcoin, ever since its inception.
Going through Bitcoin millionaire stories reveals
the importance of this digital coin. But besides
Bitcoin, one needs to acknowledge blockchain
technology, the digital ledger, and the
underlying technology behind cryptocurrencies
including the prominent one, Bitcoin. This
technology has been rapidly gaining much
importance in various sectors including the
beauty industry. Sources https//www.cryptoknow
mics.com/news/list-of-famous-bitcoin-investors
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