[This article is translated from the Asia Business Daily Reporter -Li Minyu]
From the original point of raw material production to waste utilization, install all supply chains around the world on blockchain.
Recently, Linfinity CEO Anndy Lian has accepted an exclusive interview with the Asia Business Daily in Seoul, South Korea. He said that Linfinity is promoting the use of blockchain, Internet of Things and big data to reshape supply chain ecology. Since all users participating in the internet are able to compare and verify by sharing information, the possible existence of fakes has reached an unprecedentedly low level. Linfinity is to use this feature to build a transparent supply chain ecosystem.
At present, more and more companies are actively applying blockchain technology to logistics, transportation and other industries. Maersk Group, the world’s largest shipping company, and IBM, established a partnership in January of this year to jointly create a blockchain maritime logistics system.The UAE’s Abu Dhabi Gulf Commune (ADP) has introduced the blockchain logistics system earlier this month. However, Linfinity is conceiving a much larger blueprint by linking the Internet of Things, big data and blockchain, Linfinity will make the whole process of circulation, supply, and recycling transparent from the point of raw materials to the stage of waste utilization. Anndy also mentioned that “Just like the pharmaceutical industry, no matter how strict the management process is for logistics from the production room to the storage warehouse, there are still frauds in the delivery of drugs to consumers. This is the truth.” He emphasized that “On Linfinity platform, the process from buying a plastic bottle to the recycle will become transparent and visualized.”
Since Linfinity was set up last year, they have signed MOU withTaiwan’s tobacco brand Alishan and other companies from China, Singapore and Malaysia to explore blockchain technology. It is expected that as early as August 2018, Linfinity will achieve phased results and build a truly blockchain project.
(LINFINITY reached a cooperation agreement with a number of international companies in Singapore)
(LINFINITY and Alishan Group reached a cooperation agreement)
Unlike other general blockchain projects, Linfinity is not going to do ICO, Anndy said:“Linfinity has never and will not carry out any financing involving ICO in the past, present and future. We are committed to building a sustainable community ecosystem that allow users to find value by themselves on the platform.”
This sense of confidence comes from the technical power of members behind Anndy and their huge industry resources. Anndy has over 15 years of experience as a professional consultant in Asia. He has been active in various fields such as Singapore Institute of International Studies, Singapore Business Federation and other government agencies and international corporations, non-profit organizations, etc.
Currently, Linfinity is actively exploring the Korean market and will soon reach cooperation with many companies in the logistics, cosmetics and communications industries. In addition, Linfinity is also discussing the implementation of Linfinity platform with more than 20 companies. Anndy said: “Korea is one of the most enthusiastic countries to understand and embrace blockchain implementation . Korea is also friendly to new technologies and this will help Linfinity expand the Korean market further.
[About the Asia Business Daily: The Asia Business Daily is one of the leading newspapers in Korea. It is distributed on Korean Air and Asiana Airlines. It is also the only Korean mainstream media that has a “digital currency” section.]