Chained Together: How Blockchain is Improving Supply Chains

Chained Together: How Blockchain is Improving Supply Chains

Chained Together: How Blockchain is Improving Supply Chains is an online event organized by the Boston Blockchain Association.

Blockchain is radically improving supply chains by making products easier to track, from the raw materials to the finished goods.

Imagine a world where you’ll be able to see not just where your coffee was grown or your iPhone was assembled, but every step in the process, all recorded on a transparent blockchain.

This has huge implications for everything from fair trade and fair wages, to making companies and governments far more efficient.

The Boston Blockchain Association has put together a distinguished panel of supply chain and blockchain experts to give all a state of where the industry stands today, including:

Leanne Kemp, CEO and Founder of Everledger: Perhaps the most well-known blockchain + supply chain project in the world, Everledger started as an immutable ledger for diamond identification and transaction verification — and has grown into a platform for measuring the “value chain” of everything from rare earth metals to designer handbags:

https://www.linkedin.com/in/leannekemp/

Kristen Michaud, Managing Director at InBlock: Those of you who attended our “Diversity and Inclusion” event during Boston Blockchain Week raved about Kristen. Now is your chance to hear her talk about her experience driving global business processes and leading large-scale transformation efforts in operations and technology:

https://www.linkedin.com/in/kristen-michaud-5773a0/

Anndy Lian, Author of “Blockchain Revolution 2030”. A seasoned business strategist with 15 years of experience in Asia, Anndy has recently worked with the blockchain division of Hyundai Motors and advised the government of South Korea on its blockchain initiatives. Check out his impressive CV here:

https://www.linkedin.com/in/anndylian/

Moderated by Andrea Frosinini from the Canadian Blockchain Supply Chain Association, who is deeply embedded with the Hyperledger supply chain community:

https://www.linkedin.com/in/andreafrosinini/

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Fireside Chat on the Impact of Blockchain Technology in the Supply Chain Sector with Anndy Lian

Fireside Chat on the Impact of Blockchain Technology in the Supply Chain Sector with Anndy Lian

Aaron Tan, Wadz VP and Anndy Lian, Book Author “Blockchain Revolution 2030” had a fireside on the impact of Blockchain technology in the supply chain sector. Anndy Lian comes from a background as an all-rounded business strategist with over 15 years experience in Asia. He currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region. During the fireside chat, Anndy provided valuable insights on the surrounding Blockchain industry and as well as his opinion on the ideal implementation of Blockchain technology into supply chain processes.

https://www.youtube.com/watch?v=GBBCj27-0uE

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Forbes- Retail Blockchain Deep Dive: Supply Chain

Forbes- Retail Blockchain Deep Dive: Supply Chain

Thanks Forbes for the mention.

Quoted from: https://www.forbes.com/sites/nikkibaird/2019/06/29/retail-blockchain-deep-dive-supply-chain/#253e14f852d1

“Anti-Counterfeit

LVMH, the parent company of a slew of luxury brands that often fight counterfeits in the market, has taken the lead in using blockchain in their efforts, partnering with Microsoft to launch the AURA anti-counterfeiting initiative. LVMH is focusing first on Louis Vuitton fashion and Christian Dior perfumes, and hopes to provide what is basically a lasting certificate of authenticity for every item, which makes it possible to verify that the item was actually manufactured by the brand in a way that assists the initial purchase but also the resale market.

This is an area that has also been active from a start-up perspective, with new tech vendors organizing to provide white-label solutions for any brand to protect the authenticity of their products. LINFINITY is one such company, and simplyBrand is another. They work by providing the technology that enables companies to basically issue certificates of authenticity for their products, and attach them to individual items, often using either an NFC chip or a 2-D barcode embedded in the packaging or as a label to connect the item to the digital certificate.”

You can also go to this link for article on Forbes about Anndy Lian and his blockchain work at https://www.forbes.com/sites/priscaang/2018/10/03/singapore-startup-wants-change-in-perspective-on-blockchain/amp/

 

Anndy Lian Forbes

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Local company Linfinity offers supply chains a solution to combat fraud

Local company Linfinity offers supply chains a solution to combat fraud

Supply chains besieged by counterfeit goods may soon find an answer in blockchain.

Finding out your swish designer bag is a fake might lead to outrage. But manufacturing scams can have far more drastic consequences — both for brands and consumers

Economically, around 2.5 per cent of global imports — about US$0.5 trillion (S$0.7 trillion) a year — are counterfeit, reports the Organisation for Economic Co-operation and Development.

The human cost is higher. In 2008, an estimated 300,000 babies in China fell ill after consuming milk powder tainted with melamine. It led to the deaths of six of them from kidney disease.

A GLOBAL PROBLEM

As global markets open up, supply chains have become more complex.

Before reaching consumers, all types of food and products now go through more suppliers, manufacturing plants, ports-of-call, storage facilities and retailers, adding logistical complexity to their production.

Despite technological advances and digitalisation worldwide, pockets of analogue interfaces still exist. Where they occur along a supply chain, companies can lose track of inventory, making them vulnerable to fraud.

In the era of Industry 4.0, how can new technologies help snuff out risky inefficiencies?

BLOCKCHAIN TO THE RESCUE

One Singapore-based company aims to build an ecosystem for anti-counterfeiting that is sustainable, trusted and traceable.

Linfinity, positioned as the world’s first distributed supply chain platform that harnesses blockchain, IoT (Internet of Things) and Big Data technologies, seeks not only to improve efficiencies from end to end, but enable reliable collection of data.

Mr Anndy Lian, chief executive officer of Linfinity Singapore, notes that rising demand for transparency in the entire production process, from procurement to logistics, has made the application of blockchain critical.

With more accurate data, businesses can make better decisions to reduce waste.

IMPROVE EFFICIENCY AND STAMP OUT FRAUD.

WAGER ON A DECENTRALISED LEDGER

At the core of Linfinity’s solution offering is the blockchain, a decentralised, distributed ledger that lives in the cloud and records contracts, transactions and events in an encrypted form.

While the most oft-cited use of blockchain technology currently is Bitcoin, blockchain has the potential for much wider application across industries.

Blockchain has been touted as a “transformational” or “foundational” technology — a game changer akin to how the Internet revolutionised information, the economy and society in the late 1990s.

Specifically, the use of blockchain technology in the supply chain industry offers these advantages:

· Enhanced transparency: A product’s journey can be documented from origin to destination, increasing trust among players in the ecosystem.

· Scalability: Any number of users can participate in the supply chain and transfer information to one another.

· Better security: A ledger, such as the blockchain, would self-regulate the system, improving on previous internal audit inefficiencies.

· Engaged stakeholders: Using an incentive model (e.g. tokens, cryptocurrency and a system of smart contracts that automates payments), it allows automation of payments and quick transactions, actively benefiting all parties involved.

· Increased innovation: Once a blockchain system is in place, smart contracts can be used to increase efficiency, integrating with the rest of the system.

PROTOTYPING THE FUTURE

As companies push ahead in a fast-changing environment, an agile, test-and-learn approach is key. Early this year, Linfinity commenced its Linfinity blockchain project, published a White Paper and started testing its service platform.

The firm also established Linfinity Talks, a global roadshow platform that demonstrates blockchain projects, and sought out strategic collaborations with various companies.

It has signed Memorandums of Understanding with companies in Singapore, the United Kingdom and Taiwan, with more lined up. These partnerships span different industries from finance and legal to logistics and fast-moving consumer goods. They will see Linfinity’s implementation of blockchain technology improving efficiency and transparency of supply chains.

This month, the company launched its own digital currency, Linfinity tokens (LFT) on Chinese-based exchange CoinEx.

Says Mr Lian: “We are serious about asserting ourselves as a player within the blockchain industry. With our launch on the market, we hope to be able to foster and encourage inter-platform trading with Linfinity tokens.”

TOWARDS INFINITE POSSIBILITIES

As hype about blockchain grows, so have the number of questions about its usage, limitations and potential applications. Even so, it is likely that the technology will take years — even decades — to mature, and its deepest implications may not be immediate.

The adoption of new technologies takes time, and needs the buy-in of policy makers, industries, corporations and end users.

Mr Lian notes that while blockchain remains a relatively new approach to supply chain management, companies need to anticipate government challenges and regulations ahead.

Nonetheless, blockchain’s decentralised nature makes it difficult for governments to intervene. They cannot totally ban access to blockchain, as they did with Facebook in China.

Mr Lian adds that even as Singapore’s government fine-tunes its registration processes and taxation, companies can rest assured that Singapore would embrace technological advancement, rather than preven t it.

After all, a future with greater transparency, efficiency and authenticity is a future worth building.

 

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

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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Linfinity | A Small Step in Blockchain, A Big Step in Supply Chain

Linfinity | A Small Step in Blockchain, A Big Step in Supply Chain

Recently, Linfinity CEO Anndy Lian accepted an exclusive interview with The Business Times in Singapore and expressed a series of views and opinions on Linfinity project of“Building a Trusted Supply Chain Ecology”.

Because the traditional supply chain structure is too “centralized”, the manufacturing, logistics and sales information in the production process can not be digitalized and intelligentized to serve the business activities of modern enterprises. The two characteristics of block chain distributed structure and traceability provide the possibility to solve this problem.

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” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also 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”.

You can read more about Anndy’s work at www.anndy.com

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