(NEW YORK)—AI Venturetech, through its partnerships, is developing supply-chain solutions utilizing GPS and blockchain technology.
Supply-chains across the globe are experiencing extreme strain, and this highlights the need for much needed upgrade to the overall supply-chain infrastructure.
Post-pandemic induced buying surge by American consumers, and backup of container ships off the California coast are disrupting supply chains nationwide.
Add in new COVID restrictions from Delta variant, and critical employee shortages, and you have making for potential supply-chain disruption on an epic scale.
AI Venturetech is collaborating with its partners to build technology solutions specific for the supply-chain market.
Supply Chain Tracking
Our partner GTX Corp (OTC:GTXO) holds the basic infrastructure needed to be a global provider of supply-chain and asset tracking for larger enterprise manufacturers with their GPS cloud monitoring, and NFC tracking technology.
As a IBM PartnerWorld member we are advising GTXO integrate their GPS/NFC technology with IBM Sterling, which offers full scale global supply-chain management solutions.
Enabled with AI and blockchain, IBM Sterling helps companies optimize connectivity, deepen visibility, simplify supplier management and keep more customer promises.
Through our partnership with TulsaLabs, a division of AppSwarm (OTC:SWRM), we are embarking on integrating blockchain solutions specific for the supply-chain market.
A blockchain supply chain can help participants record price, date, location, quality, certification, and other relevant information to more effectively manage the supply chain. The availability of this information within blockchain can increase traceability of material supply chain, lower losses from counterfeit and gray market, improve visibility and compliance over outsourced contract manufacturing, and potentially enhance an organization’s position as a leader in responsible manufacturing.
Some blockchains being explored are VeChain and IOTA.
VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought.
IOTA innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others.
IBM Hyperledger Fabric allows clients the ability to launch and manage their own private blockchain networks. Hyperledger Fabric is an open-source project from the Linux Foundation, and de facto standard for enterprise blockchain platforms.
Markets for blockchain includes such industries as finance, banking, healthcare, IoT, supply chain, manufacturing and technology — which are creating open, standardized, enterprise-grade blockchain frameworks and code using Hyperledger Fabric to deploy smart contracts.
Data is the New Oil
If as they say data is the new oil, then GTXO and their GPS/NFC technology are the oil rigs, and SWRM could be the refinery that processes that data into working product for commercial sale.
Request investor updates on this project
About AI VentureTech
AI VentureTech is an AI research lab focused on leveraging cutting-edge technologies to deliver data-related products and solutions that empower enterprise customers and partners through improving their business eﬃciency, enhancing their value and realizing their digital transformation. Located in New York City, our team of data scientists and engineers can customize AI-powered software and technical solutions for both companies and institutions looking to leverage data and machine learning for greater business value. https://aiventuretech.com/
This document contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.