Addendum

Does all that mean there should be at least one character clad entirely in power ribbons? Yes.

The Many Powers of Ribbons

Obviously you can have special ribbon handed down through centuries which must be won in a fighting tournament, and obviously there might be orders of fancy warriors marked by ribbons infused with magic which not only confer powers but allow the wearer to be tracked, but don't forget about collections of nanomachines which resemble ribbons which respond to their owner's thoughts, either because of a neural implant, psychic powers, or technology subtler yet such as monitoring muscle contractions.

Addendum

"Hm, the next generation of devices is out. Time to go through surgery to upgrade!" - A crazy person.

Something Less Cool in Science Fiction

Implants. Some stories figure everyone will want all their technology in implant form, but instead we invented smartphones and tablets to get watches even farther away from our skin.