Since its inception, Japan, as the third largest economy in the world, has always been very inclusive regarding the promotion and development of blockchain technology. With the application scenarios for blockchain technology increasing, blockchain technology in Japan is gradually becoming of greater practical use. The application model of “blockchain plus” is constantly being piloted in various fields as a result, including for supply chain management, source tracking, and payments and remittances.
Smart factories are the latest and greatest technologies to emerge from the myriad developments in information technology in modern factories. In the current Industry 4.0 era, the individualized needs of customers are becoming more and more extensive. This adaptation to the ever-growing needs of consumers requires the logistical management within the manufacturing enterprise to create a more intelligent and flexible system. In order to comply with this new round of developments in information technology – such as the Internet of Things (IoT), big data, and Artificial Intelligence (AI) – the building of “smart factories” and the use of “smart logistics” is an inevitable trend to embrace when promoting the development of productivity.
Mr. Anndy Lian, CEO of LINFINITY, pointed out that blockchain technology and Artificial Intelligence (AI) technology are also a new field of challenges for LINFINITY in the construction of “smart factory”-based supply chains. As an integral part of smart factories, an intelligent supply chain system needs to be interfaced with other intelligent systems to form an integrated solution to traditional supply-chain issues.
Driving reform with new ideas, technologies and skills remains the key engine for further growth in productivity. LINFINITY’s blockchain-based anti-counterfeiting and traceability supply chain system is equipped with innovative IoT technology, which has unique advantages in both cyber-security and traditional security management thanks to its inherent traceability. It supports flexible and configurable supply chain management strategies, enables users to achieve real-time on-demand production, and achieves optimal planning of the various links within the supply chain, all of which help to contribute to the advancement towards maximum efficiency within the extended supply chain system of a growing enterprise.
In its recent announcement, Japan’s Internet finance giant SBI has always been very active in investing in blockchain technology, with investments in various key companies: Orb, R3, Ripple, Kraken, Coinplug, Veem, Wirex, and Bitflyer. This diversification of investments covers multiple fields of blockchain application, including exchanges, remittances, bank blockchain alliances, blockchain solutions, and so on. At the same time, the traditional financial sector is also beginning to accelerate its use of blockchain technology. Mizuho Bank, a subsidiary of the Mizuho Financial Group of Japan, has been working together with the Japanese contingency of IBM to jointly develop a blockchain trading and finance platform. Based on blockchain solutions, Mizuho aims to increase the efficiency of both supply chain and trade-related processes.
With its successful practice for Japanese haircare brand – Herbriller, LINFINITY is adopting a number of strategic and vision-based approaches and practices to help traditional industry in this historical transformation and will provide a full range of technical supports with its blockchain-based anti-counterfeiting and traceability solutions to the current shortcomings experienced within traditional supply-chain methods of logistics and procurement.
About LINFINITY:
As a credible distributed business platform underlying Blockchain, Internet of Things and Big Data technology, employing a guideline of “Internet of everything and sharing with mutual trust”, LINFINITY is 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.
For more information about LINFINITY and their future activities, please visit www.linfinity.io or contact [email protected].
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