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PR Newswire

Baidu Unveils Plan to Increase Investments in New Infrastructure to Power the Rise of Industrial AI

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Baidu Plans to Deploy 5 Million AI Cloud Servers by 2030 and Train 5 Million AI Professionals

BEIJING, July 2, 2020 — Baidu, Inc. (NASDAQ:BIDU) recently announced that it will increase its investments in cloud computing, AI education, AI platforms, chipsets, and data centers in the coming ten years as part of its efforts to construct “new infrastructure” for the smart economy of the future.

Under the plan, Baidu aims to have 5 million intelligent cloud servers by 2030 and train 5 million AI professionals within 5 years, which will help facilitate the widespread application of AI in transportation, city management, finance, energy, health care, and manufacturing to eventually achieve industrial intelligence.

“New infrastructure–which encompasses emerging technologies like AI, cloud computing, 5G, IoT, and blockchain–will be the driver for China’s economic development in the coming decades,” said Baidu Chief Technology Officer Haifeng Wang, underscoring the importance of the plan.

“As a world-leading AI platform company, Baidu is well positioned to make large contributions to the development of new infrastructure in China, which will support the implementation of AI applications in different industries.”

The investment plan will see Baidu deploy 5 million intelligent cloud servers by 2030, an ambitious target that would create a combined computing capability equal to seven times the total calculable computing power of the world’s existing top 500 supercomputers.

Viewing human capital as a core component of new infrastructure, Baidu also intends to train 5 million AI professionals in the next five years. Baidu has been working with more than 200 leading universities in China to develop courses related to AI and deep learning and has already trained more than 1 million AI experts.

As a developer of both AI infrastructure and AI applications, Baidu is well-positioned to contribute to building new style infrastructure, which is at the core of China’s “New Infrastructure” policy to accelerate economic growth and industrial upgrade.

Layout of Baidu's AI-powered new infrastructure
Layout of Baidu’s AI-powered new infrastructure

 

Baidu has more than 7,000 published AI patent applications in China, the highest in the country. The AI open platform Baidu Brain has made available more than 250 core AI capabilities to over 1.9 million developers, while PaddlePaddle, the largest open-source deep learning platform in China, services 84,000 enterprises. Baidu’s Kunlun and Honghu AI chips are among the highest preforming AI chips and are built for a wide range of scenarios. Baidu Cloud is China’s leader in public cloud and AI cloud services with more than ten data centers across the country.

This new infrastructure is already allowing Baidu to lead the intelligent transformation of different industries. Baidu’s smart finance products serve nearly 200 financial institutions, while Baidu’s intelligent healthcare prouducts are deployed at more than 300 hospitals and 1500 grassroots medical institutions. Baidu Brain for Cities is already in place in Chongqing, Suzhou, and other cities, supporting more intelligent city management. Baidu’s new investments will enhance its ability to rollout AI applications in these scenarios, as well as in manufacturing, energy, and transportation.

About Baidu

Baidu, Inc. is a leading search engine, knowledge and information centered Internet platform and AI company. The Company’s mission is to make the complicated world simpler through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.

Media Contact
Intlcomm@baidu.com

 
PR Newswire

BEST Inc. Further Expands its Express Delivery Services in Southeast Asia

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Launches its technology-enabled parcel delivery services in Malaysia, Cambodia and Singapore to address rising e-commerce demand

HANGZHOU, China, July 2, 2020 — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its further expansion into Southeast Asia.

BEST Inc.'s express sortation center in Kuala Lumpur, Malaysia
BEST Inc.’s express sortation center in Kuala Lumpur, Malaysia

 

BEST’s launch of express delivery services in Malaysia, Cambodia and Singapore follows its entry into Thailand and Vietnam last year and marks another significant step forward in the Company’s ambitions to build an efficient logistics network with extensive coverage in Southeast Asia.

 

The Company also announced to elevate its international logistics solutions by launching cross-border services between China and the five markets in Southeast Asia this month.

Johnny Chou, Founder, Chairman and CEO of BEST Inc., said, “We are excited to develop our logistics networks in Southeast Asia, a key focus area of our global strategy. The outbreak of COVID-19 accelerated and amplified consumers’ reliance on e-commerce and created even larger potential opportunities in the region. We are confident that our technology-enabled logistics services and high-quality express delivery options will be a critical service component for both merchants and consumers, during both this difficult period and beyond it.”

By leveraging its asset-light model and successful experience in Thailand and Vietnam, BEST plans to be operating a total of twelve sortation centers and around 400 service stations across Malaysia, Cambodia and Singapore over the next three years. This includes two customized flagship sortation centers in Kuala Lumpur and Phnom Penh that will be equipped with cutting-edge automation equipment, such as high-speed automatic sorting lines and dimension-weight-scanning systems.

According to joint research by Google, Temasek and Bain & Company, with 360 million mobile-savvy Internet users, Southeast Asia’s e-commerce sector is on track to reach US$150 billion by 2025 from US$38 billion in 2019. In order to meet rising e-commerce demands and evolving customer needs, BEST is offering next-day delivery options for major areas of Thailand and same-day deliveries in Ho Chi Minh City and Hanoi in Vietnam. The Company’s total parcel volume from Southeast Asia reached 8.8 million parcels in the first quarter.

BEST is also eyeing opportunities to provide additional services in the region, including supply chain management, freight delivery, and truckload capacity brokerage, with plans to operate in Indonesia and the Philippines in the near future.

SAFE HARBOR STATEMENT

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as BEST’s strategic and operational plans, contain forward-looking statements. BEST may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about BEST’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST’s goals and strategies; BEST’s future business development, results of operations and financial condition; BEST’s ability to maintain and enhance its ecosystem; BEST’s ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; fluctuations in general economic and business conditions in China and other countries in which BEST operates, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

ABOUT BEST INC.

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.  

 

Related Links :

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PR Newswire

Cloud4C, World’s Leading Cloud Managed Services Provider Launches its Operations in South Korea

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SEOUL, South Korea, July 2, 2020 — Cloud4C, the world’s leading cloud Managed Services announced launch of its operations in South Korea. Cloud4C delivers a broad array of services including cloud migration to hyperscalers, hybrid cloud, cloud managed services, IT modernization services, disaster recovery services and managed security services among others. The company serves 60 of the Fortune 500 Global Multinationals and has presence in 25 countries and 50 locations.

Cloud4C, World’s leading Cloud Managed Services Provider, launched its South Korean Operations
Cloud4C, World’s leading Cloud Managed Services Provider, launched its South Korean Operations

Businesses in South Korea who are looking to embark on digital transformation or IT modernization journey will benefit immensely from Cloud4C service portfolio. Cloud4C is cloud managed services provider with key strategic partnerships with SAP, AWS, Microsoft Azure, Google Cloud Platform, while it brings its own public cloud platform. It has helped SAP launch its SAP HANA Enterprise Cloud across 25 countries and serves world renowned global brands.

Sridhar Pinnapureddy, Founder and CEO, Cloud4C said, "We are delighted to launch our operations in South Korea which is world’s 12th largest economy with a unique geographic position and pursues business-friendly policies with tremendous potential for growth. We plan to enable businesses in South Korea through our wide spectrum of services to help them address their critical business needs through differentiated offerings such as banking community cloud, SAP community cloud, cloud migration services to hyperscale cloud providers and cloud managed services." He further added, "We bring to South Korea our experience of working with 4,000 enterprises from across the world to help CIOs embark on their digital transformation and help them achieve their technology and business goals. We plan to partner with South Korean CIOs to help them play a larger role in evolving their IT strategies and establish digital Leadership."

Cloud4C plans to set up Cloud4C Academy in South Korea in partnership with the Government and leading IT Universities to train and nurture local talents with adequate industry exposure. "We aim to train the youth in South Korea and prepare them for a bright future in cloud computing to help them gain employment and eventually assume leadership roles in the industry," said Sridhar Pinnapureddy.

The company has recently appointed Peter Seo, Country Head and Vice President, he will be based out of Seoul and provide leadership and growth direction to the organization.

Peter Seo said, "Leveraging the existing alliances as Premium Supplier of SAP HANA Enterprise Cloud, we aim to be the number one SAP partner in the region. As an Azure Expert MSP, Advanced Consulting partner of AWS, Managed services partner of GCP and OCI, we have the groundwork to build a collaborative ecosystem to deliver stellar business outcomes for organization in South Korea, China and Japan looking to modernize their IT environment."

About Cloud4C

Cloud4C is the World’s leading Cloud Managed Services Provider serving 4,000 customers in 25 Countries and 50 locations including 60 of the Fortune 500 Global Multinationals. The company provides cloud (public, private, hybrid) and community cloud services (Banking Community Cloud, SAP Community Cloud), cloud migration on hyperscalers such as AWS, Microsoft Azure, Google Cloud, end to end cloud managed services, disaster recovery services, managed security services.

The company plans to expand its geographical footprint to 80 countries and 160 locations worldwide in the next 36 to 48 months.

www.cloud4c.com

Media Contact:
B.S.Rao
Vice President and Global Head (PR and Communications)
bsrao@cloud4c.com 

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PR Newswire

Ausounds Expands Global Footprint: Products Now Available in Japan

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Products are available at Bic Camera, Yodobashi Camera, E-Earphone and Fujiya-Avic

SHERMAN OAKS, California, June 24, 2020 — Ausounds, a U.S.-based premium audio manufacturer, today announces its expansion into Japan. The brand, which launched in the United States in August 2019, has expanded into three leading Japanese electronic retailers: Bic Camera, Yodobashi Camera, and E-Earphone. Ausounds has partnered with Kopek Japan Corporation for distribution throughout the country.

Ausounds, known for their high-quality headphones designed for music creators, is featuring its full line of products at Bic Camera, Yodobashi Camera, and E-Earphone. The line includes the AU-Stream ANC, AU-Flex ANC, AU-Stream in a variety of colors, and their latest, the AU-Stream Hybrid in a variety of colors.

The brand also plans to offer their first over-ear headphones, the AU-X ANC and AU-XT ANC headphones shortly after this initial launch.

“We are excited to be expanding our ever-growing company,” explained Marcus Sanchez, CMO of Ausounds. “We launched in 2019 with the mission to pioneer a new way of listening to music, and this short time later, we are finding ourselves able to bring the innovative audio equipment to more people globally. We aim to not only meet the needs of music creators at all levels, but of creators everywhere.”

Bic Camera, which has over 40 stores in Japan, is one of the country’s leading electronic retailers. Yodobashi Camera and Fujiya-Avic, leading electronic retailers in Japan, will also be offering Ausounds’ premium products. Finally, E-Earphone is Japan’s leading headphone retailer and will be offering Ausounds’ full line.

Ausounds products are now available in all of the Japanese retail stores mentioned above.

To learn more about Ausounds’ products, please visit https://ausounds.com/ in the U.S., and https://ja.ausounds.com in Japan.

About Ausounds 
Ausounds is a U.S.-based premium audio manufacturing company that designs accessible headphones and audio products for music creators and music lovers alike. With a focus on redefining the sound of audio, Ausounds’ products are crafted using the highest quality materials. The creative minds behind these innovations consistently research the newest technologies in the music industry to incorporate into each product released. To learn more about Ausounds, visit www.ausounds.com. 

Media Contact
Samantha Lins
samanthal@lotus823.com
732-212-0823

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Related Links :

https://ausounds.com

PR Newswire

Bespin Global Raises $75M in Series-C Funding

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SEOUL, South Korea, June 16, 2020 /PRNewswire/ — Mr. John Hanjoo Lee, the CEO of the global cloud management company Bespin Global, announced on May 27th that the company had signed a $75M Series-C funding contract through its holding company, Newberry Global.

Bespin Global has raised $177M so far, including $14M Series-A and $90M Series-B.

SK Telecom participated in this funding round through SK Telecom China. Other investors include DY Holdings.

SK Telecom expects to accelerate its own cloud business with the help of Bespin Global’s leading multi-cloud management capability.

Bespin Global will join forces with SK Telecom, SK C&C, and SK Infosec to develop a 5G cloud-integrated and multi-hybrid management platform based on OpsNow which is Bespin Global’s proprietary cloud management platform.

Bespin Global is the first East Asian company to be positioned in Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services for four consecutive years and is the first Korean company to be placed in the Leaders quadrant this year. The company supports all major public cloud platforms and offers cloud managed service globally through its proprietary platform, OpsNow. Recognized for its skills and growth, Bespin Global China has a significant presence in the Chinese MSP market. Bespin Global is also quickly expanding in the Middle East & Africa region through its MEA arm.

“The combination of 5G and cloud will accelerate innovation across industries and allow companies to improve their service value,” said Yoo Yeong-Sang, the head of MNO business at SK Telecom, “We will lead innovation in 5G by joining hands with software developers, device manufacturers, and global mobile carriers.”

John Hanjoo Lee, CEO of Bespin Global, said, “the future of cloud will be shaped by 5G cloud. By collaborating with SK Telecom, we will develop and offer a 5G cloud management platform for the global market. This is a good example of a collaboration between an enterprise and a startup.” He added, “we will take this funding as an opportunity to establish this company as a leading player in the cloud industry. We also plan to expand to North America in the second half of this year.”

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Templafy Expands into Australia and Appoints Kavita Herbert as Director of Sales for APAC

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Herbert brings extensive experience driving early growth for leading tech companies in Australia

SYDNEY, June 2, 2020 /PRNewswire/ — Templafy, a global leader in enterprise document creation and automation, has announced today that it is physically expanding its presence into the Asia Pacific (APAC) region, establishing an office in Sydney, Australia under the guidance of veteran commercial executive, Kavita Herbert, and Templafy’s Head of Strategy and Analytics, Mads Ejstrup Frederiksen.

Kavita Herbert
Kavita Herbert

To better serve new and existing customers in the APAC market, Templafy is building a dedicated team with feet on the ground in Sydney, composed of experienced employees from offices across the world and local new hires.

“We have always seen a lot of organic interest for our product across the APAC region and have great local partners. The ANZ market in particular is ahead of the cloud adoption curve and presents a vast opportunity for Templafy’s next stage of growth,” said Frederiksen. “Kavita has a strong background in leading early-stage growth at top tech companies, and we’re thrilled to have her on board as we expand into APAC.”

Herbert comes to Templafy with over a decade of professional experience in enterprise sales, business development, strategic partnerships and client services. Before joining Templafy, she led enterprise and mid-market growth through new restaurant partnerships for Uber Eats ANZ, and before that was part of the early growth teams in ANZ at Dropbox and LinkedIn.

“With a strong product, vision and ‘people-first’ culture, Templafy is on the fast track to becoming the next big enterprise software solution, and I’m excited to lead its commercial expansion in the Asia-Pacific market,” said Herbert.

With over 2 million licenses sold worldwide, Templafy represents a global portfolio of enterprise clients, such as KPMG, BDO, IKEA and Pandora.

Learn more about Templafy’s APAC office here: https://www.templafy.com/APAC/

About Templafy
Templafy helps many of the largest companies in the world drive workforce alignment, reduce their liability and increase their productivity through the market leading document creation and document automation platform.

Founded in Copenhagen, Denmark in 2014, Templafy’s team leveraged more than 15 years of experience in template management and document automation to develop an enterprise cloud service solution, which is now a global market leader within its category, validated by blue-chip enterprise customers on every continent.

For more information on Templafy’s product and company, visit www.templafy.com, or follow us on LinkedIn: www.linkedin.com/company/templafy/ or Twitter: @templafy

Media Contact:
Lucas Strombeck
Walker Sands (for Templafy)
lucas.strombeck@walkersands.com
+1 312-561-2485

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PR Newswire

ALLPCB New SMT Factory Went into Production, One-Stop Total Service Further Updated

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HANGZHOU, China, May 25, 2020 /PRNewswire/ — On May 10 2020, ALLPCB wholly-owned subsidiary, the new self-operated SMT factory was officially put into production. Senior executives gathered in Guangde, Anhui Province and attended the opening ceremony to witness the highlight moment together.

ALLPCB SMT Workshop
ALLPCB SMT Workshop

SMT, as well as Surface Mount Technology, is currently the most popular process in the electronic assembly industry. With the rapid development of the electronics manufacturing industry, SMT technology has grown by leaps and bounds. In the meanwhile, customers have tremendous and higher requirements for mounting.

However, in SMT industry there are still many pain points, such as long placement cycle, imprecise placement, uneven quality and so on. Besides, the requirements of high-quality SMT products, “error-free, leak-free, and no reverse“, cannot be satisfied. In order to break the imbalance between supply and demand, ALLPCB SMT factory was born at the right time, whose placement service can cover the whole of China as well as most countries and regions of the world.

Chinese manufacturing is playing an increasingly significant role in the world market. The high efficiency of the factory will help customers increase their profit margins and market competitiveness.

In the precious high-end electronics manufacturing industry, the transformation of SMT technology and process is imperative. What the to-be manufacturing industry requires are higher efficiency, lower cost, and higher precision.

ALLPCB devoted itself in SMT ultra-fast Prototype. The 3000㎡ clean workshop is equipped with electrostatic protection and central air conditioner to strictly control the temperature and humidity indoor.

The 10 superior production lines are all made of the brand-new ASM Siemens series high-speed automatic placement machines imported from Germany. Equipped with more than 20 professional machines, including GKG printing machines, is the guarantee of products quality. In addition, online AOI scanning test and X-Ray inspection are necessary processes before delivery.

At the same time, the intelligent manufacturing management and control system is activated to establish a linear efficient production process: “raw material in-warehouse, production, quality inspection, packaging, delivery”, to ensure high-quality and -productivity.

The ALLPCB SMT factory still insists on the advantages of “fast delivery, high quality and excellent service” of the PCB factory.

Ultra-fast. 6 hours at fastest, 24 hours regularly.
High quality. Brand-new imported machine; high-quality raw material.
Low cost. Free start-up fee and expedited fee.
Excellent service. BOM materials sourcing provided; 7 * 24 hours online customer service.

So far, ALLPCB has built its own PCB factory (aluminum substrate production line included), component warehouse logistics center and SMT factory. The distance between the three is only 3 kilometers. The commissioning of SMT factory has further updated its one-stop total service, which will definitely accomplish the strategic layout of ALLPCB electronic manufacturing, and push the booming development of China’s electronics manufacturing industry.

About ALLPCB:
ALLPCB is an ultrafast PCB super factory as well as an Internet-based manufacturing company, committed to building an electronic collaborative manufacturing service platform. It offers professional one-stop service, including PCB prototype, PCB Assembly and components sourcing. Since founding, ALLPCB has reconstructed the traditional PCB industry by data-driven technology.

For more information, please contact:
Email: service@allpcb.com
Website: https://www.allpcb.com/ 

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FlowForma & MicrotechDPS Join Forces, To Support APAC Region With Process Automation Tools

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DUBLIN, May 19, 2020 /PRNewswire/ — FlowForma®, the leading provider of Process Automation tools for Microsoft Office® 365, today announced an exciting new partnership with MicrotechDPS, to deliver the award-winning FlowForma Process Automation tool to organizations in Australia and the greater APAC region.

Olivia Bushe, Chief Executive Officer, FlowForma.
Olivia Bushe, Chief Executive Officer, FlowForma.

A Microsoft partner, MicrotechDPS provide its clients with an extensive range of IT solutions and services to assist and enhance in the day-to-day running of their business. Looking to add a process automation solution to their list of offerings, MicrotechDPS came across the FlowForma Process Automation tool, and quickly sought a demonstration to discover its capabilities.

Upon seeing the tool in action, MicrotechDPS were confident they had found the right process automation app to supply to its clients. A 3-in-1 tool combining forms, workflow and document generation that could sit on top of Office 365 was their ideal preference. FlowForma Process Automation’s no-code methodology and rapid prototyping capabilities only further rubber-stamped their decision.

Having a long history of delivering successful process automation projects, MicrotechDPS wanted to be able to combine its skills in this area by helping organizations leverage and build on top of any existing Microsoft Office 365 platform clients may have. FlowForma Process Automation was the perfect solution for them to deliver process automation to those who already have, or are considering moving to, SharePoint Online.

The new partnership emphasizes FlowForma’s commitment to empowering its global customer base, with the company excited to ramp-up operations in Australia and surrounding countries in the APAC region. From initial conversations, it became clear that both FlowForma and MicrotechDPS hold similar cultural and business values, meaning a partnership was the obvious and natural choice for both parties.

“We are thrilled to be working alongside FlowForma to provide our clients across Australia and the APAC region with a powerful process automation tool, to automate their business processes. From our initial conversations we could clearly see similarities in our customer base and the industries with which we serve, it was a unanimous decision,” said Joel Steers, General Manager, MicrotechDPS.

Olivia Bushe, CEO, FlowForma added: “It gives me great pleasure to announce MicrotechDPS as a FlowForma partner. We are truly excited of the potential opportunities this partnership can bring to construction, healthcare, finance and public organizations across the APAC region, helping them to digitize processes and prepare for a paperless and social distancing world.” 

Supporting Resources:

About FlowForma

FlowForma, the leading provider of Process Automation tools for Microsoft Office 365® has been revolutionizing the traditional BPM space with an innovative approach to developing award winning products that empower users to create and streamline processes smarter and faster, utilizing the familiar SharePoint platform, without any coding.

FlowForma is a Gold Microsoft Partner, with over 150,000 users across Europe, America, and Asia. The company is headquartered in Dublin with offices in London and Boston and is motivated by its values to innovate, evolve, and achieve with employees, customers and partners.

For further information or a 14-day free trial, visit www.flowforma.com

About MicrotechDPS

Established in 2004, MicrotechDPS provide a full suite of business technology services. Its holistic approach makes MicrotechDPS unique as a technology business partner by managing the lifecycle of a company’s IT & Print investments, from planning to procurement through to installation, training, and ongoing support. MicrotechDPS build long term relationships with its clients by learning and understanding what it is they do, and then match solutions to the activity that drives their business.

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VeChain Becomes The Sole Public Blockchain Protocol Of The APAC Provenance Council – A Cross-continental Food Supply Chain & Finance Consortium

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SHANGHAI, May 8, 2020 /PRNewswire/ — The APAC Provenance Council supported by government, export and industry bodies, standards agencies, packaging and labelling service providers, finance giants and blockchain technology providers, is established to integrate blockchain technology into the food supply chain finance in Australia–China trades. Currently, the core founding members include Fresh Supply Co, Source Certain International, and Laava, joined by affiliate members VeChain, FoodAgility CRC (Cooperative Research Centre), DNV GL Business Assurance, Australian Made, GS1, Blockchain Australia and several others.

The New Roadmap To a Post-COVID Food Industry 

In February 2020, the Australian Government published The National Blockchain Roadmap, proactively addressing opportunities in the Agritech & Food industry, which directly accelerates the establishment of the Council.

The impact from COVID-19 further lifts the urgency of pushing forward this initiative. On one hand, the pandemic is posing a direct threat to food & beverage vendors around the globe, particularly in cross-continental trading, the suppliers are heavily impacting their cash flows, which calls for immediate invoice finance to quickly unlock unpaid invoices and stimulate business growth. On the other hand, the public awareness of food safety is unprecedentedly high. According to a study of InTarget Shanghai, Chinese consumers have become more health and safety-conscious and this will continue to be reflected in future.

Blockchain-enabled APAC Provenance Council To Stimulate The Market

By combining resources from all members, the Council aims to provide a comprehensive blockchain-enabled food supply chain finance ecosystem, bridging traceable, safe and trusted trades with shorter billing terms between Australian suppliers and Chinese importers.

David Inderias, APAC Provenance Council Executive Chairman says, “Many solution providers have offered ‘track and trace’ services, but haven’t addressed industry needs in a comprehensive way. In a post-COVID world when many commercial entities are in decline, we are growing by making sure to deliver real economic value, meeting industry needs, as well as including funding sources for industry.”

Powered by AliPay in Australia, all the B2B payments for China-destined trades from Australian food suppliers will receive milestone-based payments of the total fiat payment upfront upon meeting the first milestone of their delivery terms. For food suppliers in Australia, when they export food products traced by VeChain ToolChain™, the entire process of product delivery will be recorded, including logistics information, temperature during the process and so forth. Acting as the “trust machine” in multiparty collaboration, blockchain provides immutable and authentic records, which not only ensures the secured process of logistics transfer, bringing transparency and trust into the cross-continental trade, but also helps shorten the billing period for suppliers.

VeChain To Be The Sole Public Blockchain Protocol In The Consortium

VeChain is dedicated to enabling its partners to implement blockchain technology in various industries to solve real problems. The proven cases such as FoodGates, pave the way for making the supply chain finance more effective at an all-new level.

Sunny Lu, CEO at VeChain, stressed that, “Guided by the mission of powering the real economy, VeChain positions itself to be an Enabler to empower our partners with blockchain to build business applications in various sectors. The implementation of blockchain certainly contributes to buffering the immediate economic impacts of the pandemic for the enterprises, and will help improve productivity by unleashing more resources and growth opportunities.”

The Australian Department of Agriculture predicts China will account for 43% of global growth in demand for agricultural products by 2050. Since the Australian products have an enviable reputation for being high-quality, Australian exporters can strongly take advantage of China’s growing demand for quality produce and its need for food security. With the market evolving, the demand for business-ready standard blockchain tools will also see a dramatic growth, which positions VeChain ToolChain™ to seize the opportunity to support more enterprises and create more value.

About APAC Provenance Council
The Asia Pacific Provenance Council is an industry alliance which helps exporters digitally enable and scientifically prove the provenance, traceability and authenticity of their products, and tell the stories behind their brands. The Council will soon be taking expressions of interest for multiple food production verticals in Food Agility backed pilots, corporates and industry bodies are urged to.

About VeChain
Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, H&M, LVMH, D.I.G, AWS, PICC, ASI etc.

Official website www.vechain.com

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PR Newswire

TrustKey Solutions, a new entity headquartered in the United States, is focused on bringing advanced FIDO2 security solutions to the world

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DALLAS, May 7, 2020 /PRNewswire/ — Announcing TrustKey Solutions (“TrustKey”). eWBM is a diverse business of which FIDO security keys is just one part. Due to the surge in global demand for its FIDO security keys, the company is spinning off its FIDO key business into a new entity headquartered in the United States.

TrustKey is founded by Dr. Stephen Oh and a carefully selected group of US based executives. The team of executives are solely focused on bringing advanced FIDO2 security solutions to the world and will oversee growth into the global identity security marketplace.

TrustKey has several hardware security keys in its lineup including the flagship line, the G-series keys. The G-series keys are the world’s first and only FIDO2 Level2 certified biometric security keys, making it impossible for side channel attacks, man-in-the-middle attacks, or phishing. The biometric (fingerprint) sensor allows the added security of user identity verification to make them the highest level of security available. TrustKey offer the G-series keys in both USB-A and USB-C. The next line of keys are the T-series keys.

The T-series keys are implemented on the same platform as the G-Series series keys. This allows the company to provide the same high security performance of the G-series while keeping the key affordable. The non-biometric touch sensor on the keys allows for user presence verification protecting against remote hacking attacks. T-series keys are great for consumer or enterprise deployment – they are fast, easy to use, and affordable.

TrustKey is committed to supporting true passwordless login via the FIDO2 standard to help protect the online identities of all people, everywhere. The company is a board member of the fido alliance, ensuring that they are able to help shape the passwordless future and protect the identity of all people throughout the world. The company is pleased to move forward as TrustKey to support the goal of providing secure, reliable, and simple identity solutions to everyone, and are excited about the future products currently under development with new features and form factors.

For more information about TrustKey, please visit us at www.trustkeysolutions.com.

About TrustKey Solutions.

TrustKey Solutions, www.trustkeysolutions.com, is a security technology company providing hardware security keys. Headquartered in Dallas, TX, USA, TrustKey is committed to supporting true passwordless login via the FIDO2 standard to help people protect their online identities with hardware security keys.

About eWBM Co, Ltd.

eWBM, www.ewbm.com, is a fabless SoC company which provides security MCUs and modules for variety of IoT applications such as MS500, Secure LoRa Module, Secure Sensor to Ethernet module, Secure NB-IoT module, and Secure IP Cameras. The next generation security SoC chip, MS1200, will be introduced in 2020. The chip supports FIPS 140-2 and the ultra-low power deep sleep mode optimized for battery-powered IoT applications.

Contact:
Andrew Jun, +1 ‪408 471 6849

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