Recently, industry leaders gathered in China at BBS, a blockchain supply chain held in Shanghai. International supply chain association President Maxime Henry at the conference, said: "now block chain applications in the field of supply chain is still in its early state, for supply chain practitioners, the current mainstream of centralized systems use difficulty is very big, and the introduction of the new block chain technology opens up the possibility of distributed computing, also improve data security and reliability, is a new train of thought." "Given the changing economic situation, supply chain practitioners in traditional fields need to keep a clear head all the time," he warned, "instead of sticking to the old pattern, they should be brave enough to accept new things."
Alex Isaiev, co-founder and CEO of OSA DC, an innovative company with blockchain and artificial intelligence as its core driving technology, echoed Maxime Henry, President of the international supply chain association, with his years of practice. Alex Isaiev proposes how the retail industry can make innovative use of blockchain technology and be driven by artificial intelligence to address trust and transparency issues in the supply chain sector and contribute to sustainable production and consumption.
Accordingly, Alex Isaiev also introduces OSA on BBS DC project how to use block chain technology innovation, to establish "best shelves available rate decentralized platform", use data science, artificial intelligence, machine learning, and optical recognition technology for retailers and similar enterprise services, they had repeatedly solve unknowable "best shelves available rate", for retailers, producers and consumers to provide real-time solution.
In addition, Alex Isaiev also announced in Shanghai that as a global business oriented project, OSA DC believes that China is a very big market. The project decided to actively participate in the blockchain community, and apply the retail experience and AI technology accumulated in other markets to real life in China.
The supply chain area needs to address issues of trust and transparency
"For consumers, people all hope that the right price can buy the ideal products, but in terms of the current market conditions, and to achieve this purpose, requires a lot of time costs. In addition, because the goods cannot be traced, consumers can only passive to accept products printed on the label information to arrive at true and false, and impact on health and environmental protection." OSA DC CEO Alex Isaiev said on this blockchain supply chain BBS.
Ostrom, a Nobel Prize winner in economics, thinks that "trust" means a lot to the governance of economic institutions. Alex Isaiev pointed out that blockchain technology can help solve the problem of trust and transparency in the supply chain area in a cost-effective and efficient way
He also cited a 2009 Nobel laureate in economics, Mr Elinor Ostrom about economic governance system put forward the urgent demand for "trust", in the retail supply chain management mode, innovative use of block chain technology, can solve the problem of trust and transparency in the field of supply chain, it will play a huge role in promoting the development of industry, more optimal allocation resources, production of more intelligent don't blindly, supply chain costs and marketing costs is reduced greatly.
"the OSA DC technical team has a strong ability to integrate big data information and at the same time introduce the non-tampering trust mechanism of the blockchain to obtain the label data of all required products, enabling consumers to have a two-layer guarantee on quality and time saving." Alex Isaiev said.
He also noted that for retailers and manufacturers, the OSA DC inventory tracking capability can reduce inventory overstocking and understocking, saving a significant amount of sunk costs. At the same time, the integration of artificial intelligence and blockchain technology will effectively distinguish the authenticity of information, and the information on the chain is authentic and reliable, controlling the quality of data communication from the source.
Novelty of OSA DC: evolving technology convergence
As for the novelty of the OSA DC project, Dr. Paolo Tasca (executive director of the blockchain technology center of London University, the European parliament and the United Nations' mission adviser on the OSA DC revival retail) once said:
"The OSA DC team has strong expertise in AI, big data analytics and blockchain, and their expertise is a strong factor that attracted me to join the advisory board.
I have integrated thumb up for the OSA. The OSA team understands something of great importance, and so far only a handful of companies and teams in the industry have understood it. That is, blockchain cannot be used as a panacea for all the world's problems. Instead, it is simply needed to work with other technologies to mitigate systemic problems. You'll also need artificial intelligence, machine learning, decentralised process management (a change in management thinking) and image recognition techniques. They're all part of the same toolkit, and I think the way the OSA uses this technology is very unique - the work they're doing is groundbreaking.
There's no particular technology that makes me say, "Well, this is an unprecedented breakthrough." But the novelty of the ecosystem lies in the way it is designed and used together.
This initiative gives us a very powerful platform and powerful tool to connect consumers with retailers, retailers with manufacturers, producers with consumers -- and through this data, everyone in the supply chain is connected at different levels. The OSA DC connects them all by using these tools. So, basically, the advantage is the design of the platform.
This is a new integration of existing technologies, not blockchain itself. Blockchain is new because it is integrating all these old technologies into something new. The platform works the same way. I see it as an evolving platform that will mature with the help of artificial intelligence and big data analysis. Therefore, I think the combination of all these cutting-edge technologies makes the design of OSA DC truly novel. "
Alex Isaiev and his China explorations
While speaking with industry experts from the global supply chain, Alex Isaiev Shared his reasons for jumping into the retail revolution. He also talked about his more than 17 years of experience in retail and his insights and reflections in 57 countries/regions.
From 1990 to 2002, Alex Isaiev established and expanded his business in various industries, including food production and distribution, auto parts distribution, catering service, patent registration service, video production and other fields. He has also served as marketing and commercial marketing officer for Japan tobacco international for 14 years, focusing on central and eastern European and central Asian markets and promoting customer loyalty and category management.
In the quest to find a project that could make a big difference in the middle of an individual's career, he created the world's first decentralized ai-driven market service platform, OSA DC(best shelf availability decentralized platform).
Alex Isaiev says he has two main criteria for measuring retail: technology and people. This refinement stems from his observations of global consumer and retail supply and demand, and the culture and environment behind it. For example, he is surprised by the retail sector in China right now. 'China is moving very quickly to implement new technologies into the retail sector,' he said. 'AI and mobile applications have led to a shift toward cashless mobile payments in most parts of China, which is undoubtedly driving further digitalization of retail.' Therefore, the OSA DC is looking forward to the cooperation in the field of China's retail supply chain. How exciting it will be to combine the technological innovation of the project with the wave of new retail in China to produce a brand new retail consumption scene and back-end supply chain support!
At the same time, Alex Isaiev believes that China is developing rapidly in technology application, and consumers do not have the stable consumption habits of European and American countries, so they are very willing to try and accept new things. The OSA DC project will make a difference when it comes to diversified China.
Alex Isaiev shows that the OSA DC will develop its business in China from two perspectives:
First, expand services targeted at enterprises. At present, traceability, production, prediction and efficiency are all painful points in the Chinese market. Through new technologies, OSA DC provides new solutions for supply chain management.
Second, expand services targeted at consumers. The OSA DC can directly bring value to Chinese consumers, help Chinese consumers save money and time, and guarantee the health of food and meet personalized consumption demand at low cost. This is exactly what Chinese consumers need, but there are few solutions in the market.
Alex Isaiev likens his work history to a roller coaster, and starting a business is a thrill. The 14 years of working at jt have been relatively stable, with stable salaries and relationships, but the experience up and down is obvious once you start a business without a stable work environment.
Alex Isaiev says his belief in the distributed ideal of blockchain underpins his entrepreneurial mindset. "The mainstream big companies that currently monopolize users will largely disappear in the next 5-10 years, and blockchain projects can gather more power through distributed technologies to make the world a distributed operation," he said.
"If you only focus on making money, then this is a short-term view," the entrepreneur adds. "You need to look for market pain points and think about what value you can create to help others."
After two speeches on BBS, the small scale communication is also in full swing. The supply chain management personnel present must have a new thinking: in the future, should my supply chain management system be centralized or distributed?