Yeh Group is not the first company to start using blockchain technology, but it is among the first to introduce blockchain technology in the medical textile industry.
By medical textile, I mean the production and distribution of medical items, including medical kits, protective types of equipment/PPEs and other relevant materials used in the healthcare system.
Yeh Group is one of the 6 manufacturing companies in the world that is using the DryDye technology to produce medical textile materials.
However, it is one of the companies that would use both blockchain technology and crypto token to facilitate the production and distribution of medical textile products all over the world.
Below are some of the new trends you should expect from the medical textile industry, as proposed by Yeh Group:
End -TO-END TRACKING
Yeh Group is not only taking the lead in the use of DryDye technology to prevent wastage of resources while improving the quality of medical textile products.
It is also implementing end-to-end tracking via blockchain technology to promote a transparent and accurate distribution of medical textile products.
The use of blockchain technology makes everything easier because Yeh Group can easily track all medical textile products it distributes via the decentralized and immutable records of transactions recorded on the blockchain network.
And if the consumers or buyers of medical textile materials (hospitals and clinics) request the status of their products, Yeh Group would provide them with unique ID signatures that are used to verify the integrity of a medical textile supply.
CRYPTO PAYMENTS
It is now a decade since cryptocurrencies were introduced into the global financial system, as characterized by the debut of Bitcoin (BTC).
Now, the trend is tilting towards the adoption of cryptocurrencies as payments in different industries. It is not only in the financial ecosystem because many other industries will find the use of cryptographic payments useful.
Yeh Group is one of the first companies and manufacturers of medical textile products to adopt the use of cryptocurrencies as a payment method in Asia.
The SevenPlus Coin is the native crypto coin of the Yeh Group as it pushes for the decentralization of the textile medical manufacturing industry so that both blockchain technology and cryptocurrencies can be integrated.
It is now possible to use the SevenPlus Coin as a payment method for the purchase of textile medical products.
Also, the SevenPlus Coin with the ticker 7Plus will be used to offer membership awards and discounts to qualifying customers.
FUTURE DEVELOPMENTS OF THE YEH GROUP TEXTILE MEDICAL SUPPLY BUSINESS MODEL
The use of blockchain technology and cryptocurrencies is more of a futuristic move by Yeh Group. There are many other developments that the company is expecting in the coming months.
Some of the future developments are:
The extension of the Yeh Group range of products to different parts of the world via the extensive blockchain ecosystem.
The use of blockchain technology will aid in the traceability and tracking of medical textile products, ready-to-wear branded sportswear and undergarments.
FINAL THOUGHTS
Yeh Group is setting a standard worthy of emulation as far as the production of medical textile products in a decentralized economy is concerned.
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