The current supply chain industry has issues that can be mitigated by utilizing the blockchain technology in a meaningful way. One major problem, for instance, is that a transparent overview of a supply
chain’s network is challenging to achieve, leading to difficulty in ensuring the quality and integrity of
raw materials and products along supply chains. What often result are contamination and counterfeiting that are undesirable. The longer and more complex a supply chain is, the greater the chance
of fraud and negligence.
More generally, today’s global supply chains are slow and inefficient, involving unnecessary friction
costs, inefficiencies, and non transparency in each process. Traceability of goods and materials as
well as accountability has become difficult to manage over time, incurring administrative costs and
paperwork, which the blockchain technology can help solve.
As a result, we present Linfinity, the world’s first distributed supply chain platform based on blockchain, Internet of Things, and Big Data technology. Linfinity is a platform with reliable data, transparent information, and interconnected network to cope with the practical business pain points and
development demand of corporate users, while allowing an organic ecosystem with a competitive
token model catering to all participants in the ecosystem to promote aligned incentives.