RHTLaw Taylor Wessing and RHT Holdings each signed a Memorandum of Understanding (MoU) yesterday to jointly explore blockchain technology with Linfinity, the world’s first distributed supply chain platform based on blockchain, Internet of Things, and Big Data technology that has managed to commercialise on FMCG products.
The MoU signings mark the firm commitment by RHTLaw Taylor Wessing and RHT Holdings towards exploring innovative solutions. The two firms will share their legal, compliance and professional services expertise with Linfinity as they jointly strive to tackle issues such as transparency and inefficiencies within the current supply chain industry through new blockchain technology.
Mr Tan Chong Huat, Managing Partner of RHTLaw Taylor Wessing LLP, said, “Linfinity’s partnership with RHTLaw Taylor Wessing and RHT Holdings creates exciting opportunities to collaborate and value add to this ecosystem. We look forward to commencing these pilot trials for our future projects, as well as to support and further the work that Linfinity is doing within the supply chain industry. With the transparency and accountability afforded by blockchain technology, we believe this can be a gamechanger, and with further potential for this technology across various sectors, it is something we are excited to be a part of.”
Also commenting on the MoU signing, RHT Holdings CEO, Jayaprakash Jagateesan said, “Existing global supply chains are faced with increasing administrative costs and paperwork, incurring unnecessary friction costs. We believe that Linfinity’s blockchain technology, supported with our deep knowledge in compliance requirements, will go a long way towards addressing the inefficiencies within global supply chains by offering innovative solutions.”
Mr Anndy Lian, CEO of Linfinity Singapore, said, “As the demand for transparency increases for products, the application of blockchain to this system will not only improve supply chain efficiency, but allow reliable collection of data. Throughout the various points in the supply chain, the data will be handled in a secure, digitised and verifiable manner. This will allow consumers to access accurate and trustworthy information about the product that previously was unavailable to them, as well as ensure that the product is authentic.”
About RHTLaw Taylor Wessing LLP
We pride ourselves as a law firm that delivers international capabilities, locally.
Clients of RHTLaw Taylor Wessing can expect intelligent and innovative legal and business solutions from a team that is attuned to the nuances of working in Asia, with the added perspective and expertise of an international firm. Our model is driven by the focus on helping clients succeed, which translates to clear and precise solutions with high-level legal and commercial insights.
As a firm based in Singapore, we offer clients access to a network of more than 3,300 legal professionals across 69 offices in Asia, the Middle East and Europe and the United States via our membership with the Taylor Wessing network and ASEAN Plus Group (APG). We are also the exclusive Singapore member of The Interlex Group, a global network of leading law firms.
The APG is a group of full-services law firms that blends the best of knowledge, culture and international expertise. APG firms have a strong presence across Asia, including Singapore, Cambodia, China, Hong Kong, Indonesia, Laos, Malaysia, Myanmar, Philippines, South Korea, Taiwan, Thailand and Vietnam.
We proactively grow our practice in tandem with regional and international fast growing industries like Consumer Brands, Education, Energy and Environment, Financial Institution and Services, Life Sciences and Healthcare, Real Estate and Infrastructure and Technology, Media and Communications. These industries complement our core areas of practice in Banking and Finance, Corporate, Capital Markets, Intellectual Property and Technology, Litigation and Dispute Resolution, and Real Estate.
For more information, please go to http://www.rhtlawtaylorwessing.com/
About RHT Holdings
RHT Holdings is the Leading Professional Services Group in Asia.
RHT Holdings consists of six subsidiaries namely, RHT Capital, RHT Communications & Investor Relations, RHT Compliance Solutions, RHT Corporate Advisory, RHT i-Assets Advisory and RHT Management Services.
The vision for the group is for each subsidiary to be the top of its class in each of its professional area. Each company is led by reputable leaders in their respective fields.
RHT Holdings is part of a highly networked, multi-disciplinary group of companies.
For more information, please go to https://www.rhtholdings.com/
Linfinity is committed to building a reliable and traceable anti-counterfeiting supply chain underlying blockchain technology. Linfinity establishes such a platform with reliable data, transparent information, efficient cooperation and interconnected network to cope with the practical business pain points and development demand of corporate users.
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- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. 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.
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”.