Anndy Lian, the CEO of LINFINITY was interviewed by Korean magazine Blockchain Today, and explained the commercial value of LINFINITY in detail during the interview. Anndy noted that the market demand is the starting point, cracking down on fake and unqualified products and resolving supply chain trust issue are the value basis. “The regular anti-counterfeiting approaches are mostly physical, which is obviously not suitable for the current economic activities and market behavior anymore. What the anti-counterfeiting focused on should not only be the fake goods, but also the information and data management on the whole supply chain.” Anndy Lian said, “LINFINITY’s blockchain technology is dedicated to upgrading the information and data systems of the traditional supply chain. Only in this way, can we solve the counterfeit problem from the source.”
Anndy Lian also further explained the commercialization process of LINFINITY. He said: “LINFINITY Dapp is the first step, in this phase we mainly focus on the ‘information on chai’’ services for our partner brands. With LINFINITY’s self-developed Dapp and the LINFINITY Mark, the problem in product information transparency and queryability can be solved, as the information on chain all comes from the brand and the product origin, and the information and data can not be manipulated once uploaded on chain . This ensures that when customers use LINFINITY Dapp to scan the QR code, all product information they got is completely authentic.” He added: “As a cutting-edge technology still maturing day by day, the commercialization of blockchain technology will take some time, and LINFINITY has to solve the problem of ‘information on chain’ first, and then to product traceability, right protection, and recycling, which have more supply chain elements involved.”
Nowadays more and more enterprises begin to pay attention to the commercial value of LINFINITY, LINFINITY is now working on information on chain services for Scientific Tradition, a Singaporean healthcare company and Alishan Group, a Taiwan corporation. And a strategic partnership with Japan’s international hair care brand is also on discussion, LINFINITY will provide blockchain-based anti-counterfeiting service for their products. With the commercialization development of LINFINITY, more and more brands will join LINFINITY’s ecosystem, which will enable more enterprises and consumers to benefit from the blockchain technology.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
You can read more about Anndy’s work at www.anndy.com