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LINFINITY Announces Cooperation with Asian Productivity Organization to Promote Blockchain-based Anti-counterfeiting Solution

03-29-2019 09:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: LINFINITY Pte,Ltd

LINFINITY Announces Cooperation with Asian Productivity

On March 14th, LINFINITY formally signed a Memorandum of Understanding (MOU) with the Asian Productivity Organization (APO) in Tokyo, Japan, to enable widespread adoption of blockchain-based cybersecurity technologies in APO member countries. The initiative will help Asia-Pacific enterprises join smart manufacturing chains through the innovative use of blockchain solutions.

Established in 1961 as an intergovernmental organization, the APO works with 20 member governments in the Asia-Pacific region to improve productivity in the countries and drives sustainable socioeconomic development of the region through policy advisory services, acting as a think tank, and undertaking smart initiatives in the industry, agriculture, service, and public sectors. This cooperation is an important milestone in the international and commercial development of LINFINITY and will also bolster LINFINITY’s goal of going global with their blockchain-based anti-counterfeiting technology. The cooperation also marks a big breakthrough for LINFINITY in its expansion of Asia-Pacific market.

Dr. Santhi Kanoktanaporn, Secretary-General of the Asian Productivity Organization (APO) said that as a leading intergovernmental organization in the Asia-Pacific region, the APO is committed to helping member economies improve productivity and competitiveness by adopting digital technologies, including Industry 4.0 tools.

“Within the region, there is a growing willingness to make manufacturing smart using Artificial Intelligence (AI), Big Data, and the Internet of Things (IoT). The hyperconnected Industry 4.0 environment also makes the security of digital assets a critical area. The decentralized, digitized, public, and shared blockchain ledger system shows the potential for strengthening cybersecurity across traditional and smart industries,” Dr. Santhi Kanoktanaporn stated. He noted that the initiative would enable the adoption of blockchain-based cybersecurity technologies and enhance data transfer security in smart factories.

LINFINITY CEO Anndy Lian said: “The true value of a new technology is to enhance the life quality of human beings, to which improving productivity is a core element. This partnership with APO is a breakthrough for LINFINITY and we hope this cooperation can unite more political and business forces in jointly promoting the commercial development of blockchain technology and the emphasizing of its core values.”

About the Asian Productivity Organization:
The Asian Productivity Organization (APO) is an intergovernmental organization committed to improving productivity in the Asia-Pacific region. Established in 1961, the APO contributes to the sustainable socioeconomic development of the region through policy advisory services, acting as a think tank, and undertaking smart initiatives in the industry, agriculture, service, and public sectors. The APO is shaping the future of the region by assisting member economies in formulating national strategies for enhanced productivity and through a range of institutional capacity-building efforts, including research and centers of excellence in member countries.

The current APO members are: Bangladesh, Cambodia, Republic of China, Fiji, Hong Kong, India, Indonesia, Islamic Republic of Iran, Japan, Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam.

For more information about LINFINITY and their future activities, please visit www.linfinity.io or contact pr@linfinity.io.

About LINFINITY:
As a credible distributed business platform underlying Blockchain, Internet of Things and Big Data technology, employing a guideline of “Internet of everything and sharing with mutual trust”, LINFINITY is a platform with reliable data, transparent information, efficient cooperation and interconnected network to cope with the practical business pain points and development demand of corporate users.

LINFINITY
1 Scotts Road Shaw Centre #20-03/04 Singapore 228208

Facebook: https://www.facebook.com/linfinity.io/
Twitter: https://mobile.twitter.com/LinfinityToken
LinkedIn: https://www.linkedin.com/company/linfinity/
Media: https://medium.com/@linfinityio

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