Linfinity CEO Anndy Lian accepted an exclusive interview with Singapore's "The Business Times" and expressed a series of views and opinions on the Linfinity project "Building a Trusted Supply Chain Ecosystem".
With the deepening of economic globalization, the process of digital globalization is also intensifying. Especially in the current industry 4.0, the supply chain system needs to digitalize and intelligentize the manufacturing, logistics, and sales information in the production process to achieve modernity. The purpose of seamless linking of corporate business activities.
But at present, the traditional supply chain is obviously unable to meet the demand. All this stems from the result of the traditional supply chain structure being too "centralized". Under such a system, all product data is stored centrally, which is extremely vulnerable to hacker attacks; in addition, the opacity of each link may also lead to the "lost" and "offset" of the goods in the circulation process, leading to "fake goods rampant" "The situation.
However, the emergence of blockchain provides the possibility to completely solve such a problem.
Distributed structure and traceability are the two major characteristics of blockchain. The distributed structure ensures that the storage method of data is difficult to be tampered with, and traceability ensures the transparency between data chains. In short, the supply chain industry relying on blockchain technology will become more credible, more efficient, and more secure.
"The data of all links in the entire supply chain will be presented in a secure, digital and verified manner, which will enable consumers to check and verify the authenticity of products, thereby eliminating fakes and safeguarding consumer rights." Linfinity CEO Anndy Lian "As the demand for product transparency increases, the application of blockchain can not only improve the efficiency of the supply chain, but also achieve reliable data collection."
Founded in Singapore, Linfinity is the world's first distributed supply chain platform based on blockchain, Internet of Things (IoT) and big data technologies. The platform applies blockchain technology to the fast moving consumer goods (FMCG) industry, and it aims to build a trustworthy anti-counterfeit traceability supply chain ecosystem through the use of blockchain technology. Anndy Lian believes that this is the first and most important step to completely solve the "counterfeit and inferior" phenomenon.
To this end, Linfinity has made a series of measures for the application of scenes:
In the fourth quarter of 2017, Linfinity conducted project technology demonstrations and analysis of blockchain business innovation methods with multinational companies from the manufacturing and FMCG industries in southern Taiwan;
In the first quarter of 2018, the company officially launched the Linfinity blockchain project and established a technical team and LFT (Linfinity Token) pool;
In the second quarter of 2018, Linfinity released the project "White Paper" and began testing the Linfinity service platform.
According to the Linfinity plan process, it is expected that the supply chain tracking/anti-counterfeiting system will be embedded in the blockchain 2.0, and it will be fully promoted to the terminal by implanting Token incentives. In addition, Linfinity has also established "Linfinity Talk", a global roadshow platform for the Linfinity project, which aims to showcase blockchain projects and establish contacts with like-minded companies to further explore blockchain technology.
So far, Linfinity has signed strategic cooperation agreements with many international companies including Alishan Group, Crossinvest, RHTLaw TaylorWessing LLP, RHT Holdings, RONGDE LogisTIcs, ScienTIfic TradiTIon, WealthBriefingAsia in Taiwan and Singapore, and will reach new agreements in the two regions. Cooperate more.
These agreements signify that Linfinity has begun to build a trustworthy and traceable supply chain ecology based on the blockchain system, which has transformed the blockchain technology from a concept into a reality. The scope of the cooperation agreement covers finance, law, logistics, fast-moving goods, etc. The cooperative company will use Linfinity's blockchain technology to improve the efficiency and transparency of its own enterprise supply chain.
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