How blockchain is going to benefit the logistics industry

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Singapore-based startup Yojee has built a logistics software that uses artificial intelligence (AI) and the blockchain to help logistics businesses coordinate their fleets and make the most out of existing infrastructure.

Yojee is unique because it unites all participants in the logistics chain and provides a mutually  beneficial, economically advantageous and operationally streamlined use case for blockchain. It’s super simple to adopt and will save companies time and money whilst increasing revenue capabilities.

The system, powered by machine learning, automatically assigns delivery jobs to drivers, reducing the need for a human dispatcher. This lowers costs for logistics providers and makes deliveries faster for customers. It also uses a blockchain to track and archive transactions and deliveries so they can always be verified if necessary.

Andras Kristof, Chief Technology Officer from Yojee will be joining us at TECHX Asia 2017 to share more details about its use of the technology, including a few other potential applications.

Prior to the event, we caught up with Andras in a quick interview where he shared with us some of his passions and gives a teaser of what he will be sharing at the event.

1. Could you share something about yourself with our readers?

Andras Kristof, Yojee

Andras Kristof, Yojee

I am an entrepreneur and investor living in Singapore. I built the technology behind, Singapore’s largest exit so far. I have been involved in blockchain development since 2013. I founded and contributed to several projects in the space. Currently, I am working on, a collaborative economy / logistics company, utilizing Ethereum.

2. Could you give our readers a quick teaser on what you will be speaking at the show?

Our AI Core evaluates billions of possibilities in just seconds. It then creates contracts, transacts, tracks and records on a blockchain, meaning the system is not limited by borders, currencies or operating environments as all participants gain symbiotic efficiency and cost benefits.

There are at least 4 ways how blockchain could help the logistics industry. I will detail all 4, starting from the simples use case to the more complex and ambitious ones.

3. Why is this topic close to your heart?

Blockchain helps create a real collaborative economy for logistics playing a role of trust. I would like to see that happen.

4. Could you share your thoughts on what the future of the logistics industry might look like and how we should prepare ourselves to be future-ready?

Currently, companies manage shipments using pen and paper, spreadsheets, as well as outdated inefficient software with multiple redundant, manual tasks. Communication is done through back and forth phone calls, emails, and faxes which is error-prone and leads to miscommunication. Future of logistics is autonomous, optimised and collaborative network with hardware development in tow: drones, robots, smart RFIDs, AI.

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Andras will be joining us at this year’s TECHX Asia, taking place 6-7 September 2017 in Singapore. As Asia’s leading event on commercial applications of emerging technologies, TECHX will bring together leading minds, entrepreneurs and innovators across the entire spectrum of emerging technologies: IoT, drones, AI, 3D, robotics, data and blockchain.

Find out more and book your tickets here.

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