Solving the Issues in the Supply Chain with Linfinity and Its Partners Using Blockchain Technology

Linfinity Talk just finished their roadshow in Tokyo on 1 July 2018, with the event attracting over 200 Japanese blockchain enthusiasts. Linfinity Talk worked with Befund and Qbao for the exhibition, and invited BCoin from Singapore and CoinOtaku from Japan for an in-depth discussion about blockchain development and its applications. Linfinity Talk is a roadshow brand under Linfinity, and its mission is to create a sharing platform for blockchain resources. Going forward, Linfinity Talk will continue to hold roadshows all over the world, the next of which will be in London in August 2018, to speak to blockchain fans in England.

The Linfinity Talk Tokyo Station Roadshow, hosted by Linfinity, ended in Tokyo on July 1st and attracted more than 200 Japanese blockchain enthusiasts. At the roadshow, Linfinity teamed up with Befund and Qbao to showcase an exhibition, and also invited BCoin and CoinOtaku to discuss blockchain development and its applications.

Linfinity CEO Anndy Lian gave a speech on the importance of building trust in the supply chain. He discussed two major blockchain topics – solving the issue of trust in the supply chain and solving shortcomings in current supply chains. These include communication between systems, the reliability of information, and reliability between different units in the supply chain.

Mr. Liu Yu, CSO of Befund, focused on the next wave of token economic trends. He also mentioned that Befund is the world’s first blockchain project to use securities tokens, which will lead the next token economy.

Qbao Network co-founder & COO Sun Ruoyu shared on digital currency wallets being the entrance to the blockchain world. He mentioned that the Qbao Network is a multi-functional digital currency wallet that provides digital asset management, currency transactions, online and offline payments and other digital financial services to users around the world. Its DApp Store brings together games, videos, malls and other applications developed based on blockchain technology to provide users with a one-stop service.

Regarding the development of decentralized wallets, Befund CSO Liu Yu believes that traditional centralized wallets do have certain advantages in terms of user experience, but with equally significant disadvantages such as security and cryptocurrency. Cryotocurrency will undoubtedly be an important part of the financial sector. If it still operates similarly to a traditional centralized wallet, its security will become a serious problem that can never be solved.

Qbao Network co-founder and COO Sun Ruoyi also pointed out that the decentralized wallet is a product that truly conforms to the spirit of the blockchain spirit. Users need only master their own private key and store assets in the chain. The problem of private assets potentially being damaged or encroached by third parties can be effectively avoided with blockchain distribution characteristics, and this is what is difficult for centralized wallets to achieve and match at the moment.

Linfinity CEO Anndy also contributed his own insights on the issue. He said that decentralized wallets have greatly compensated for the lack of authenticity, such as security, user privacy and transparency issues. It would be easy for users to get all the permissions of the “wallet” and get a clearer picture of any dynamics in the wallet. Of course, given that decentralization technology is still evolving, it currently is not a substitute for a centralized wallet. However, with future advances in technology, the problems with the digital wallet should be resolved soon.

When speaking on the issue of blockchain policy supervision, Mr. Ito, CEO of Japan’s CoinOtaku, and Davy Goh, CEO of Singapores’s BCoin, also expressed their own views on the traditional centralized structure. “The centralized structure is more suitable for beginners to learn and use, plus it is easy to manage. However, this management relies on the organization too. It is inevitable that blockchain will be decentralized, although it is not perfect yet in Japan, the possibility of realization in the future will be great.” Mr. Ito, CEO of CoinOtaku, Japan, said.

Singapore’s BCoin CEO Davy Goh added that better service and higher efficiency are undoubtedly the hallmarks of centralization, and that they will welcome new policies on blockchain. He added “Most digital assets market players are embracing forthcoming legislations, however maybe the best legislation is no legislation. Let the digital asset market develops on its own.”

Highlighting on this issue, Linfinity CEO Anndy Lian said, “Tokens are an integral part of blockchain technology and we’ll need to continue monitoring its development. I believe governments do welcome blockchain technology, and that they want to prevent financial fraud and crime rather than taking a negative stance on blockchain. 2018 has been year of crucial growth and demands upon the blockchain industry. Linfinity has been consistently combining leading blockchain technology and industries’ rich commercial resources and LFT, to promote the development of Linfinity in the supply chain industry.”

Linfinity Talk is the roadshow brand of Linfinity, which aims to construct a blockchain resource sharing platform. Next, “Linfinity Talk” will continue its global roadshow and will meet with UK blockchain enthusiasts in London this August.

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