Linfinity: A Blockchain Enabler Makes Blockchain Useful for SMEs

Linfinity organised a roundtable conference themed “Explore the Future of Blockchain Technology” in Singapore. The roundtable gathered industry leaders and entrepreneurs across different sectors to discuss on the topic that how Blockchain technology can empower SMEs. Teo Ser Luck, a former minister of state in Singapore and now the chairman of Nufin Data, was also invited as special guest.

SMEs: A Huge Market

Linfinity CEO Anndy Lian hosted the roundtable discussion. “In Singapore, 99% of the Enterprises are SMEs, contributing 49% of nominal value aded. For supply chain industry, SMEs are also facing the pain points that traditional MNCs are trying to tackle, including the efficiency and transparency of goods and value transaction, which Blockchain solutions can step into.” Anndy said, “This is a huge market, which we all can’t afford to lose.”

Source from: Department of Statistics Singapore

The Singapore-based fashion brands and marketplaces presented during the discussions—Pinc, Lovefreya.co, and Feso Asia—expressed that they want to know how Blockchain can help local designer brands. A persistent problem that they have been facing is having their designs copied, and they hope Blockchain can help mitigate profit losses from this problem.

Earlier on during Blockspace Asia, Linfinity signed Memorandums of Understanding (MOUs) with Pinc, Lovefreya.co, and Feso Asia. Linfinity, a pioneer in using Blockchain in supply chain management, will provide these three companies with technological support in supply chain management using Blockchain-based solutions.

SMEs: The First Beneficiaries from Blockchain

“There is no doubt that Blockchain is bringing new energy into traditional industry, and it will be revolutionary. But its value depends on how we use it.”  Mr. Teo said during the discussion. “The flexibility and great adaptability will make SMEs one of the first beneficiaries from Blockchain.”

Mr. Teo shared his experience on how he helped start-ups and small and medium-sized enterprises (SMEs) while at the Ministry of Manpower (MOM) and as minister of state for trade and industry. Since stepping down as minister of state for manpower, Mr. Teo has been involved in several ventures ranging from education and sports to fintech.

“It is necessary for SMEs to look at the current trends of their industry and have a sense of where it is going in the future. There is always an urgent need for innovation, and when it comes, we should grasp it and see how it can restructure the business models and fill in the gaps.”

This roundtable also invited guests from Quest Ventures, Blockvital, BlockConnectors and Sharechain to share their insights on how the Blockchain technologies can empower SMEs in the region. Mr. Bill Teng, Chairman of Ping An Securities also highlighted the fact that if we explore Blockchain thoroughly with SMEs, SMEs will most likely to benefit a lot and it will surely help in their business productivity and efficiency.

 

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Blockchain Cannot be Developed behind Closed Doors

To change the real world, blockchain companies need to step out of blockchain world.

The blockchain industry does not lack hype, for sure. New blockchain companies seem to spruce up every single day. Initial Coin Offerings (ICOs) raised more money in the first three months of 2018 than the whole of 2017, according to data collected by CoinDesk.

However, blockchain is still a distance away from mass adoption. The technology remains in a nascent stage and has not impacted people around the world yet, which has led many to question whether the world can really be transformed by blockchain.

Linfinity CEO Anndy Lian believes that in order to speed up the tapping of blockchain’s potential, blockchain companies need to proactively try to merge their technologies with traditional businesses and industries, especially those that are less digitalised at the moment.

He said, “The appearance of blockchain provided traditional industries with unlimited heights of imagination. However, there are many problems that blockchain needs to overcome first.

“It cannot work behind closed doors, as its first-priority role should be a technological service that is integrated with traditional industries. In this process, blockchain technology can continually be upgraded.”

A wider audience

Integrating blockchain with traditional businesses and industries will, most importantly, let it reach a wider audience.

The value of the blockchain market is estimated to be USD 550 million this year. While the size of the industry is rapidly increasing, it is hardly comparable to already established industries.

For example, Linfinity aims to provide blockchain-based solutions for the supply chain to make the supply chain industry more transparent and secure. The global supply chain management market size is worth around USD 14 billion now, making it 25 times as large as the entire blockchain market.

Hence, when Linfinity integrates blockchain into supply chain management, it opens up blockchain to a whole new paradigm of possibilities and business use-cases. By combining blockchain effectively with pre-existing technologies to help traditional businesses, it brings blockchain directly to the masses, rather than having blockchain stay within specific circles.

The blockchain process of transacting and storing information on a decentralised, distributed ledger yields many benefits for enterprise application data. That makes supply chain management a good use case—a consortium of stakeholders in a supply chain can own, operate and enforce rules for their own shared blockchain.

Combine with other technologies

Blockchain itself should be used sparingly, where it is needed. The ample cryptography which blockchains employ also make them slow. That provides another reason to reconsider off-chain processing and storage alternatives.

In order to maximise its effectiveness and applicability to enterprise scenarios, it needs to be used together with other pre-existing great technologies.

Lian said, “Making blockchain more widespread requires a process. Simply relying on the technology itself is unproductive.”

“Linfinity combines blockchain with Artificial Intelligence and the Internet of Things (IoT). We also focus on the demands of businesses and consumers, so we can speed up the commercialisation of blockchain.”

Besides, having data from the supply chain recorded onto blockchain, Linfinity plans to use other technologies, such as Artificial Intelligence, to conduct real time analysis and to magnify the value of supply chain data.

It will then be able to provide innovative value-add services such as smart energy monitoring, smart sales monitoring, and predictive maintenance.

For blockchain world to expand its reach to the wider world, blockchain companies need to proactively step out. Having access to wider markets and amplifying blockchain’s effectiveness aside, that is the only way blockchain can truly enhance the world.

 

 

 

 

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Linfinity Advances Blockchain Commercialisation With Hong Kong Industry

Linfinity organised a roundtable conference themed “Explore the Future of Blockchain Technology” at the W Hotel in Hong Kong. Notable industry leaders were invited to share their insights on the commercialisation of blockchain technology, including the chairmen of the Hong Kong Shippers’ Council (HKSC) and the Hong Kong Association of Freight Forwarding and Logistics Ltd (HAFFA).

 

The roundtable is hosted by Linfinity CEO Anndy Lian. He said, “Right now, industry insiders are beginning to understand the concept of blockchain and shifting their focus to its commercial applications. More companies are seriously considering it and starting to conduct pilot tests. The value of blockchain to traditional businesses is heavily reliant on how these businesses and industries embrace this technology. As of now, the most direct way of applying blockchain to real life scenarios is to implant it into supply chains and speed up its integration with traditional businesses.”

 

Bringing information onto the chain to speed up product circulation

Hong Kong is a global air cargo hub. Due to a mix of unique geographical and political factors, it has stayed at the top of air cargo rankings for 18 years consecutively. In 2017, it handled over 5 million metric tons of cargo, becoming the first airport to achieve that within a year. HAFFA chairman Brian Wu said, “As the volume of trade increases, traditional methods of transporting freight are unable to accommodate growing needs anymore. We need to develop a more effective method quickly. Unquestionably, blockchain technology will be revolutionary for the logistics industry. Besides increasing the speed, it greatly decreases administrative and labour costs. We are excited about how it is going to value-add to the industry.”

 

Responsibility tracking to protect all parties’ rights

One of the main predicaments that the logistics industry has been facing is the asymmetry of information. Responsibility tracking has hence emerged as an important way to make the supply chain more transparent. HKSC chairman Sunny Ho said, “We have deeply experienced the pain of the lack of transparency in the supply chain. A lot of time and money are spent to resolve legal disputes. HKSC’s aim is to protect shippers’ rights in logistics processes. We look forward to the role blockchain can play in the supply chain, as it will help us greatly in tracking information and protecting the rights of all parties.”

 

Logistics is an essential aspect of the supply chain. By combining Cloud TQM (Total Quality Management) and blockchain technology, Linfinity has built quality control and digital certification platforms that bring logistics information onto the blockchain. Such a traceable, trustable system minimizes communication and risk control costs.

 

Increasing consumers’ confidence with anti-counterfeit tracking

As of February this year, the Hong Kong retail industry is estimated to be worth around 452 billion Hong Kong dollars. It is an increase of 29.8% since last year, establishing it as a record increase since 2010. “This is good news for retailers. But at the same time, we face more challenges, especially counterfeit products,” said Louis Lau from Hong Kong cosmetics chain Angel Beauty Bar.

 

He added, “Counterfeit products are a huge problem in the cosmetics industry. Existing anti-counterfeit technology is unable to fulfill market needs anymore. We have been looking for a new solution for the longest time, which is why we anticipate blockchain technology’s applications. I think it can potentially greatly resolve the counterfeit problem in cosmetics.”

 

 

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Linfinity – Conquest is the Sea of Stars

Recently, Linfinity CEO Anndy Lian received an exclusive interview with TVCC and Blockchain Today in Seoul, South Korea. The following are the highlights.

Q:Can you brief us with Linfinity?

A:Linfinity, based in Singapore, is a pioneer in the combination of blockchain technology and the cross-border supply chain industry, aiming to build a trusted and traceable anti-counterfeit supply chain solution underlying blockchain technology. In this system, it is easy to monitor specific conditions such as raw material supply, logistics, and distribution. While reducing the cost of supply chain management, it also increases the security of commodity circulation.

Q: What field do you want to go for next?

A:At present, we have signed strategic cooperation agreements with many large enterprises at home and abroad, involving finance, law, logistics, and FMCG. The field that Linfinity aims to enter into the most is the cosmetics industry, or food and health industry, such as masks, coffee, cigarettes, etc. Especially for cigarettes, the idea we want to convey to people is that smoking is harmful to health, if there are a lot of fake cigarettes in the market, then the harm to the body is even worse.

The good news is that we have signed a strategic agreement with Alishan Group in Taiwan not long ago. They will use Linfinity’s blockchain technology in their supply chain to improve the efficiency and transparency of their own supply chain management, so as to put an end to the spread of fake cigarettes, and to mitigate the “harm” as much as possible.

Q : Why would Linfinity choose fields such as cosmetics or food and health care? They seem to have nothing in common.

A:As we all know, there are a lot of cosmetics in South Korea, including famous big brands. In addition, beauty makeup is a relatively “lucrative” industry, leading to endless generation of counterfeit and shoddy products, despite repeated prohibitions.

Of course, we try not just to do one single industry, we can do more. If you talk to different people, you find that different companies have got different pain points, as Lev Tolstoy said: “Happy families are always alike, and unbelieving families have their own misfortunes.”

The other is the food and health industry. Food safety will be considered when people eat. Only when food safety is guaranteed, we will be assured. Blockchain technology offers the possibility of such trust, which will change our lives.

Q : There are many blockchain start-ups. What are the differences between Linfinity and them?

A:If you look at blockchain as the industry to see, I would say that we are not very much different from them.But if you look at how the recent start-up blockchain scene is like, it is that most of them are looking at how to raise funds. That’s a big difference.

Linfinity has made it clear at its birth that no ICO will be carried out, and no fund-raise from public. We are committed to commercializing our products with only some of the funds available. In the short term, competitors’ financing behavior may be profitable within a certain period of time, but in the long run, Linfinity’s commercial landing of blockchain technology will bring more commercial resources and benefits.

Q : Linfinity has signed several MOUs, so when will they be realized?

A: Some of them will soon be realized. For example, a health care company in Singapore wants to track who the manufacturer is and bring all the information up to our blockchain.  We can actually satisfy this demand next month. Others may take longer, for example, some want to look at how we trace from raw materials all the way to the logistics, factories, retailing and recycling, that will take a long time, depending entirely on their real needs. The industry’s technology iteration is fast, we have to proceed step by step to keep pace with the times. I firmly believe that we will develop very quickly, and will develop very well, and then there will be more larger enterprises working with us, as well as a lot of news coming from us.

A:We have a global strategy.

In Asia, we already have cooperation in Singapore, China and South Korea, and we plan to expand to other regions, such as Thailand, Taiwan and Japan. In terms of commercial landing, our route is also very simple and clear, that is, to cooperate with more large, medium-sized and small enterprises, to rally them together and to upload all the information onto our chain, giving them a real understanding of the changes that blockchain technology will bring to their industry.

In August, we will host the first Linfinity Form in London, UK, where many European business leaders and elites will discuss how to use blockchain technology to help them upgrade their industries. At the same time, we also hope to sign more strategic cooperation agreements in London, which will be a small step for us to enter the European market.

Plans for the American market have been launched, and it is only a matter of time before we approach a large U.S. logistics company.

 

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当我们在做区块链防伪的时候,拼多多在做什么?

这是最好的时代,也是最坏的时代”——英国文学家狄更斯曾这样描述工业革命发生后的世界,而在中国也正在经历着这样一股历史的洪流。

随着国人知识产权和产品防伪意识的不断增强,“拼多多”的上市,让所有为打假正源而努力付出的人们无一不感觉到历史的倒退。更加讽刺的是一批创新者运用区块链技术尽其所能地杜绝假货横行的同时,另一批人则正把20年前“义乌小商品市场”再次放到全世界的面前。

继创维电视发表公开声明,要求拼多多停止售假行为之后,“童话大王”郑渊洁也通过微博发表——拼多多卖家涉嫌销售盗版皮皮鲁图书,涉嫌侵犯其著作权的声明。随后要求拼多多立即停止销售相关盗版图书,并对销售盗版书卖家处以关店的处罚,同时保留追究拼多多及相关侵权方法律责任的权利。到目前为止,拼多多方面尚无回应。而清醒的人必须意识到——这是否是一个转折点?防伪之路该如何走下去?

一、逆势而为的商业模式

拼多多一直在反复强调自己处于刚起步阶段,相较于阿里、京东多年在“假冒伪劣商品方面”的经验,需要公众更多的“理解”。

从整个中国的大环境来看,倘若上世纪八九十年代的假货猖獗可以用市场“刚起步”来解释,尚可以理解的话,那么在经过了三十多年经济发展的如今,中国已经成为世界第二大经济体,且质量监督体系统也在日渐完善。拼多多沉浸在这样的大环境下,依旧把各路低价低质的假冒伪劣产品聚集起来建立了千亿电商平台,这样逆势而为的商业模式,对于社会文明的进步是一种巨大的阻碍。

近期,由“零关税”发起的国际贸易战不断升级,欧美联合指责中国在知识产权保护上的诸多问题也尚未平息,此次拼多多赴美上市,无疑是把“家丑”远洋到了大洋彼岸。

当大家把小米视界、三星视听、VDVD手机、创维云视听、雅利阿道夫等多款涉嫌侵犯相关品牌权益的产品“都付笑谈中”之时,早已在市场上销声匿迹的“营养诀线”们正通过新一代电商卷土重来,换了个渠道满血复活。

显而易见,这些从小作坊中组装出来的劣品,在安全、质量和可靠性等多方面都没有保障。这不仅对家电、手机、日化和图书等正规商家造成名誉伤害,对于消费者权益来说更是赤裸裸的暴击。

二、消费升级?

拼多多创始人曾说过一句“耐人寻味”的“肺腑之言”——“消费升级不是让上海人去过巴黎人的生活,而是让安徽安庆的人有厨房纸用,有好水果吃。”

一个只要受过高等教育,且具有基本逻辑思辨能力的人来看,这“肺腑之言”简直可以用“搞笑”来形容,这位创始人不仅偷换了“概念”,还有几分“歧视”在其中。

“让安徽安庆的人有厨房纸用,有好水果吃”这叫做解决基本需求,满足基本生活保证,而不是其所谓的“消费升级”。如果说把所谓的各种价格虚标与售卖各类没有保证的假冒产品,称之为“消费升级”的话,那国人的“消费”能力,岂不是与中国的经济实力,大相径庭?

不妨拿茅台酒举例,正品茅台的市场价价差很小,但凡明显便宜很多的基本都是假酒。而在拼多多上搜索”茅台“,就会发现各类系列的茅台酒基本都比其他平台便宜一半以上,看一下这瓶原价1450元,现价只要300元的飞天茅台或许可以略知一二,实在难以想象其宣传图片里大红的几个”官方正品防伪码“是在嘲笑谁。如果说,喝“假酒”也算得上“消费升级”的话,那国人岂不是一直处于“水生火热”之中,这日子也未免过得太“清苦”了。

如今,中国经济的快速发展,已不再是简单满足于解决物质需求的问题,而是已经转变为对生活品质的追求,它绝不是“从无到有”的过程,而是“从有到精”的剧变。就拿牛奶举例,人们在选购时会更加关注其产地、原料、加工方式、营养含量和运输方式等,对于消费品的防伪溯源提出了一定的标准与要求,以此来选择安全放心的商品。换而言之,如果人们喝的都是拼多多上的茅台,健康安全都得不到保障,消费升级又何从说起?

三、破局

社会总是能够让人看见阳光,即使偶尔会有乌云。

经过30多年的不懈努力,中国已经建立起质量监督体系,并且在不断的完善中。随着区块链技术的兴起和应用,区块链防伪技术也将会越来越被公众认可。利用区块链技术可追溯、不可篡改和透明高效等特点,将产品信息接入区块链网络,即可实现全流程的溯源防伪和质量监控,从而杜绝某一节点作恶的可能性,以此实现从原材料到生产,从流通到消费全生态防伪溯源,真正解决传统防伪的不足和缺口。

Linfinity作为区块链防伪领域的领跑者,已经与多家企业开展合作,进行全生态的区块链防伪升级。目前,Linfinity与烟草、医药保健、物流、信息、金融、法律、媒体等多个行业领域的公司建立合作关系,协助这些企业认识区块链相较于传统行业对于效率提升,成本节约以及安全透明等方面的巨大优势,以自主开发的区块链技术组合为企业定制化搭建企业级云集成架构,帮助企业实现对核心供应链的链上平台管理。

从假药到疫苗再到拼多多,每一次公众的担忧和呼吁深刻体现了社会对于产品质量可靠性的需求,而区块链防伪技术将为这一公众难题带来全新的解决方案,推动知识产权保护和防伪溯源技术的发展,真正从根本解决假冒伪劣,为公众带来安全放心可信赖的产品。

当创新者在做区块链防伪的时候,拼多多们在逆流而上,助力假冒伪劣产品大肆其道,但终究会被公众唾弃。社会的进步来源于技术驱动的生产力,也依赖于每一位参与者的选择和信任。

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Linfinity——“打假”从供应链开始

近日,Linfinity接受了 《The Straits Times》专题报道,他以深入浅出的方式,针对传统供应链的一系列弊端,提出现代供应链的发展应该借助区块链技术完成产业转型的宏大命题。

如果有一天,你发现自己花大价钱定制的名牌包包是个假货时,你一定会气愤不已,恼羞成怒。然而这种事情每天都在发生着,尤其是整个制造行业,假货肆虐正一次又一次地冲击着你那脆弱地神经,这无论是对于消费者或者品牌本身,都是一种巨大的伤害。

据《经济合作与发展组织》调查报告称:全球每年大概2.5%的进口产品中, 约有0.5万亿美元(0.7万亿新元)的物品存在假冒伪劣现象;2008年,估计有30万名中国婴儿因食用受三聚氰胺污染的奶粉而生病,其中有六人死于肾脏疾病。

这俨然已成为一个全球性的问题

随着全球市场的开放,在到达消费者手中之前,所有的商品/产品都需经过供应商,厂家,仓储,物理,配送,零售商一系列环节,这使得供应链变得无比复杂。尽管全球技术不断向数字化发展,但供应链的管理结构依旧处于传统的“中心化”状态,各个环节相互之间信息无法有效对接、透明,继而假货现象就容易发生。

在工业4.0时代,新的技术如何降低假货风险?——区块链技术的运用

Linfinity,总部位于新加坡,是世界上第一个利用区块链,物联网(IoT)和大数据技术建立的一个可持续,可信和可追溯的防伪供应链平台。

“从采购到物流的整个生产过程对透明度的需求不断增加,使区块链的应用变得至关重要。”Anndy Lian指出,“通过更准确的数据,企业可以做出更好的决策,以减少浪费,提高效率并消除欺诈。”

Linfinity解决问题的核心是区块链,一种分布式的记账方式。它将数据存在于“区块”中,以加密形式记录各类信息。虽然区块链目前最常被引用在比特币中,但区块链技术所具有的商业化市场不可估量。

具体而言,区块链技术在供应链行业中的使用具有以下优势:

透明度:可以记录产品从始发地到目的地的各个细节,各个环节之间可相互信任。

参与性:任意数量的用户都可以参与供应链并相互传递信息。

效率性:区块链等分类账可以自我调节系统,改善以前的内部审计效率低下。

受益相关者:虚拟货币奖励机制,它允许自动支付和快速交易,使所有相关方受益。

增强创新:一旦区块链系统完善,智能合约与系统的其他部分集成可用于提高效率。

Linfinity,促进区块链技术商业化落地的先行者

今年初,Linfinity着手区块链项目,发布了《Linfinity商业白皮书》并开始测试其服务平台;同时,Linfinity还建立了“Linfinity Talk”,这是Linfinity项目的全球路演平台,旨在展示区块链项目,并与志同道合的企业建立联系,以进一步探讨区块链技术。

目前,Linfinity已与新加坡、台湾以及更多的国家公司签订了谅解备忘录。合作的领域从金融法律到物流和快速消费品。这些公司将会见证Linfinity通过区块链的运用而提高效率和供应链的透明度。

值得一提的是,7月份,Linfinity在CoinEx全球首发了自己的虚拟货币-LFT。Anndy Lian表示,我们始终坚定地认为自己是区块链行业的一员。 我们希望能够通过LFT的激励机制,给予这个行业更多的促进与发展。同时,他也说道:“尽管区块链技术前景十分可观,但要完全普及可能需要数年甚至数十年的时间。对新技术的市场教育过程需要时间,需要政策制定者,更需要全行业,企业和最终用户的支持”。

本文转译至:《The Straits Times》

原文链接:

https://www.straitstimes.com/business/local-company-linfinity-offers-supply-chains-a-solution-to-combat-fraud

The Straits Time:


全名《新加坡海峡时报》是新加坡历史十分悠久的英文报纸,也是重要的新闻信息源。对商业性新闻,有很多独家报道。

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Linfinity: using blockchain to help SMEs

Singapore, 27 July 2018 – Blockspace Asia, powered by Linfinity and co-organised by Pinc and Blockvital, took place with great fanfare on 27 July in Singapore.

The event drew industry heavyweights such as Huobi Global and Blockvital, and featured shrewd discussions centered around how to use blockchain to promote the development of small and medium-sized enterprises (SMEs). It attracted over 200 people.

Enterprise Singapore business advisor Qamarul Solihien was invited as a keynote speaker. Enterprise Singapore is a statutory board under the Ministry of Trade and Industry in Singapore. It was newly formed three months ago to champion enterprise development.

Solihien said, “As a country friendly to the development of blockchain technology, Singapore will continue to encourage using blockchain to help small businesses grow. By closely monitoring industry standards and quality, Enterprise Singapore will increase worldwide confidence in Singapore’s products and services. This will build Singapore into a global trade and startup hub.”

 

The event also saw candid panel discussions on the blockchain industry’s current state, and pertinent investment and security issues. Panelists include industry leaders such as Huobi Global senior director Wu Xing, Cryptovalley Singapore advisor Rennie Sng, and BCoin CEO Davy Goh.

 

Linfinity CEO Anndy Lian said in his keynote speech, “The flexibility of SMEs made them the first benefactors of blockchain. Compared to big companies, SMEs can integrate blockchain more easily into their supply chain management systems. This adds more value to what they are doing and helps them to improve brand image.”

 

Fashion industry to be enhanced by blockchain

At the event, Linfinity signed memorandums of understanding (MOUs) with three Singapore-based fashion retail companies: Pinc, Lovefreya.co, and Feso Asia. Linfinity, a pioneer in using blockchain in supply chain management, will provide these three companies with technological support in supply chain management using blockchain-based solutions.

Lian said, “We are excited to be able to provide blockchain technological support to these fashion platforms. Linfinity will use blockchain to enhance the global fashion industry. We are confident that we can demonstrate the effectiveness of blockchain in reducing counterfeit products. Blockchain’s transparency and immutability will ensure products’ quality, while protecting and advancing companies’ brand image at the same time.”

 

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LINFINITY CEO Anndy Lian Interviewed by the Asia Business Daily

[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.]

https://www.linfinity.io/article/3.html

 

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