Subscribe to Our Newsletter
Tuesday May 17, 2022
Bitcoin (BTC) $30,245.00   Ether (ETH) $2,059.80
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Services

Counterfeiters in Asia to face challenges from artificial intelligence technology

Published by CryptoNinjas.net
05/17/2018
Counterfeiters in Asia to face challenges from artificial intelligence technology

Neuromation strengthens its position in the Asian market and announces the start of cooperation with Linfinity. Under the partnership, Neuromation will process and analyze data for Linfinity’s blockchain and IoT-driven supply chain solutions. Neuromation will also produce large-scale synthetic datasets for further development of AI-powered production management and consumer behavior solutions for use by Linfinity.

The partnership’s first product will focus on one of Asia’s most notorious problems – counterfeits. According to a 2016 joint report by OECD & EUIPO, the global counterfeit goods market accounts for nearly half a trillion dollars annually. Most of the fakes, over 85% according to the report, come from Asia.

“Counterfeit products are a problem not only for manufacturers and distributors but for consumers as well. We all pay the price for fake goods. With Neuromation’s expertise in data and AI, and Linfinity’s expertise in blockchain-based supply chain systems, we will provide the technology needed to identify and remove counterfeit goods, at scale.”

The primary solution will collect, record and analyze data at every link in the chain, from raw material suppliers, manufacturing facilities, carriers, distribution centers, points of sale – and from consumers themselves. The net result is an immediate recognition of authentic products for all participants, and material increases in efficiencies throughout the supply chain.

The partnership will develop solutions for Linfinity’s entire client base that includes large and medium-sized enterprises in logistics, tobacco and alcohol production and distribution, fruit distribution and cosmetics, with combined annual revenues of over $3.5 billion.

“Our partnership with Linfinity is part of our strategic development of the Asian market. Linfinity’s customer base in China, Korea, and Singapore strengthens our position across the region. This project is a prime example of Neuromation’s AI Platform and synthetic datasets solving real-world problems for industry. This is a major driver of demand on the NeuroPlatform and we look forward to working closely with Linfinity,” highlighted Maxim Prasolov, President of Neuromation Digital Economy.

Linfinity CEO Xiaotong Wang: “Linfinity is pleased to strengthen its relationship with Neuromation. We are committed to a long-term partnership to develop industry solutions throughout Asia, and beyond.”

Linfinity is a pan-Asian technology company, providing end-to-end supply chain solutions. Founded in 2017, the company covers markets in Singapore, China, and Korea. With a team of over 50 engineers, manufacturing, and retail specialists, the company provides services in 5 languages. Linfinity’s mission is to decrease the pervasive friction of pan-Asian supply chains through the implementation of applied blockchain, IoT, and AI technologies. Linfinity is dedicated to materially decreasing counterfeit products, delivery times and intercompany costs for the supply of high-quality products. Linfinity seeks to improve relationships between businesses and consumers through the collection and analysis of datasets from every link in the chain, from raw material suppliers and manufacturers to distributors and end-customers.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

NeuroToken (NTK) secures listing on HitBTC exchange

05/07/2018
NeuroToken (NTK) secures listing on HitBTC exchange

Neuromation, recently featured in Wired magazine, is an artificial intelligence (AI) platform,  that is developing cutting-edge solutions for the AI sector, a global industry that is projected to be worth over $50 billion by...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Hedera launchpad platform HederaStarter to launch its native token via IDO on May 19

Hedera launchpad platform HederaStarter to hold IDO May 19 to establish HSTART token

05/11/2022
Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

Blockchain analytics provider Nansen integrates and invests in DeFi data app APY.vision 

05/12/2022
Aussie crypto exchange CoinJar rolls our improved platform design

Aussie crypto exchange CoinJar rolls out improved platform design

05/10/2022
Crypto platform Bitpanda introduces staking functionality on 11 cryptocurrencies

Crypto exchange Bitpanda introduces staking on 11 cryptocurrencies

05/10/2022
Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

05/16/2022
COTI links with Cardashift to accelerate social & environmental projects using Djed stablecoin

COTI links with Cardashift to accelerate social & environmental projects using Djed stablecoin

05/16/2022
Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools

Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools

05/16/2022
Asia cypto margin trading app MoonXBT integrates XanPool's fiat gateway

Asia crypto margin trading app MoonXBT integrates XanPool’s fiat gateway

05/12/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version