The company formerly known as AJ Greentech Holding was established in 2009 and was subsequently established on the OTC Market (stock code: AJGH) in the United States in November 2013.
It was renamed as Sino United Worldwide Consolidated Ltd. in 2015 (stock code: SUIC).
Our headquarters is located in New York, USA, while our Asian operating center is located in Kuala Lumpur, Malaysia.
Blockchain in Vehicle and Transportation
The Use of Blockchain for Vehicle and Transportation
1. Supply chain:
Effectively coordinate all levels of suppliers and logistics and transportation companies to ensure the timely delivery of various components, and to achieve optimal dynamic management of inventory levels.
2. Manufacturer Finance:
The blockchain system is based on accurate information with high transparency, which greatly reduces the processing of export/import and bank documents, and can even securely complete payments in minutes or hours.
3. Automobile retail and insurance:
The blockchain increases the transparency of the vehicle’s true wear and tear information and will help auto finance service providers and used car dealers to more accurately measure the residual value of the vehicle as it approaches the contractual expiration date or vehicle assessment.
4. User experience:
Blockchain technology can help automakers customize driving experience services based on the driving habits of the owner, such as seat position, temperature, steering wheel position and more.
5. Repairs and accessories:
The blockchain system provides accurate information on every step of the original manufacturing date and location of the vehicle manufacturer, 4S shop, and consumer traceability parts, and any changes to the relevant information will be completed in real time. Eliminate the flow of counterfeit parts in the market and help automakers significantly reduce the cost of recalls
6. Interconnection security:
Blockchain technology is a good way to solve this important issue. Blockchain technology covers the entire network including smart vehicles, 4S stores, vehicle assembly lines, cloud storage, end-user devices, etc., and single or multiple signatures of transactions on all public blockchains. Take advantage of the unique nature of blockchain technology to ensure proper access control, identity management, and data integrity to ensure that systems securely exchange data between vehicles, smart homes, software vendors, etc., and ensure privacy for car owners.
7. Car networking + blockchain technology to achieve intelligence during traffic conditions.
Blockchain in Logistics and Trade
As blockchain and IoT converge, the push to commercialize applications leveraging both technologies grows. The latest industry to embrace this confluence is the transportation and logistics industry. In late August, the Blockchain in Trucking Alliance (BITA) launched with 150 or so member organizations — including transportation management companies, brokers, carriers, shippers and technology vendors. BITA’s stated goal is to create standards and educate industry stakeholders about the promise of blockchain. And at last week’s Connected Fleets USA event in Atlanta, BITA co-founder Craig Fuller, CEO for TransRisk, stressed that the combination of IoT and blockchain in logistics and transportation will be a formidable one.
Blockchain in Finance and Coin
Bitcoin underlying blockchain technology is actually a safe and efficient multi-party information exchange. It creates a tamper-proof digital book of transactions, maintained by a distributed computer network.The technology’s shared potential, non-tamperable architecture and high degree of transparency make it the best tool to revolutionize supply chain management.Logistics is defined as the planning framework for materials, services and information flows. Logistics of physical goods usually includes a convergence of information flow, transport, storage and safety.Logistics chains often span multiple steps and hundreds of locations. Understandably, this makes event tracking across the supply chain more difficult, verifying the verification of the shipped goods more difficult and challenging the speed of unexpected response.Moreover, due to the lack of transparency, it is difficult to investigate unlawful activities in the supply chain.
Blockchain in Medical and Health Care
Blockchain Healthcare Applications and Infrastructure.
By managing data through smart contracts and a unified network, Gem Health has created a transparent inter-institutional network where healthcare companies and partner organizations can share sensitive information such as medical data and certifications in a protected ecosystem. Traditional cloud architectures are used to manage and share complex forms of data, but they are expensive and inefficient for information-dependent industries such as the health care market. Because of the volume of data, medical records and claims are exchanged daily by medical institutions and financial business providers
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