UCOT weekly report #28/2018
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Welcome to the UCOT (Ubique Chain Of Things) Weekly Report. This report is intended to keep you up-to-date on the latest progress and developments. The report is written and maintained by the UCOT team. Please send feedback or questions via email, or message us here on Medium.
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The week’s highlights
1️⃣ We’re excited to announce that UCOT, the University of Technology Sydney and the Sydney Fish Market will jointly be developing the ‘Trusted Fish Provenance and Quality Tracking System’ to provide innovative and optimal solutions for transforming and upgrading the traditional fish supply chain.
2️⃣ CEO John Baird has been invited to speak at the Australia China Business Council roundtable on 16th August on the topic of “How Blockchain is the solution to delivering efficient and cost effective supply chain logistics”.
3️⃣ UCOT will exhibit at the Disruptive Innovation 2018 Conference in Sydney on the 8th and 9th of August. We expect to have a lot of interest in our exhibition stand, as was the case at the recent conferences we’ve attended.
Technology research and development updates
Blockchain
Blockchain secured beef supply chain project
- Database development is ongoing, this includes the design and development of the shopping cart data tables and business management.
Token chain
- Development of the consensus engine based (hybrid PoS+PoW) is about 60% complete.
- Completed the prototype of the cross-chain solution and started with the test plan.
Wallet
- Commenced research and development of the key file generation and parsing module based on the scrypt and AES encryption algorithm.
- Developed the wallet’s QR code generation and recognition module.
- Commenced setting up the wallet server.
- Updated the account information user interface.
- Created the recent transaction records user interface.
Frontend
- Commenced development of the webpage for Australian beef products.
- Development of the shopping cart and staff management modules.
API
- Development of the product information, shopping cart and staff management functions.
Marketing updates
UCOT exhibiting at Disruptive Innovation 2018 Conference.
UCOT will exhibit at the Disruptive Innovation 2018 Conference in Sydney on the 8th and 9th of August. The conference is aimed at executive managers across a number of functions looking to seize the opportunities of innovations in process and technology.
With the emergence of new technologies and their potential to disrupt industries and processes, it’s now integral that organisations have a robust, long-term innovation strategy and embrace these technologies to stay competitive. The conference brings together leading CXOs and innovation experts to share their strategic outlook on the digital economy.
UCOT will showcase how it will disrupt the global supply chain and we expect to have a lot of interest in our exhibition stand, as was the case at recent conferences we’ve attended. UCOT’s world first of having an IoT device talk directly to the blockchain in realtime is sure to attract the attention of the innovative minds attending and speaking at the conference.
Some of the speakers at the conference are:
- Adam Wardell: Head of Innovation at Novartis
- Gerardo Mazzeo: Global Innovation Director at Nestle
- Dr Frederik G Pferdt: Chief Innovation Evangelist at Google
- Kylie McLean: Chief Digital Officer at IBM Australia & New Zealand
- Geoff Culbert: CEO at Sydney Airport
- David Parfett: Head of Group Innovation & Ventures at QANTAS
UCOT is looking forward to making valuable and long lasting connections and partnerships at the conference.
CEO John Baird to present UCOT at ACBC roundtable
UDT CEO John Baird will present UCOT at the Australia China Business Council (ACBC) roundtable in Sydney on the 16th of August.
ACBC actively promotes two-way trade, investment and economic cooperation and understanding between the business communities of Australia and China. ACBC is a membership-based, non-profit, non-governmental organisation with more than 1500 representatives from over 900 Australian companies who do business with China.
John will present on the topic of “How Blockchain is the solution to delivering efficient and cost effective supply chain logistics”. John will discuss UCOT’s impact on supply chain management and that it will provide total transparency and provenance to imports and exports between Australia and China. UCOT enables companies who use it to give their customers a 100% guarantee that they will get an original product in the best condition possible.
The senior executives expected to attend are those who want more efficiency, trust and cost savings in their supply chain management system, giving them an advantage over their competitors who do not employ this technology.
Operations updates
UCOT, UTS and Sydney Fish Market to develop the Trusted Fish Provenance and Quality Tracking System.
UCOT, the University of Technology Sydney, and Sydney Fish Market (SFM) participated in a workshop on the traceability of fish this week. SFM is the largest market of its kind in the Southern Hemisphere. A working fish market, SFM sources product both nationally and internationally and trades over 13,500 tonnes of seafood annually — with up to one hundred sustainable seafood species traded every day and approximately 500 species traded annually.
The seminar focused on the details of a plan to increase fish traceability by utilising NB-IoT and blockchain technologies. The three parties will jointly develop the ‘Trusted Fish Provenance and Quality Tracking System’ to provide innovative and optimal solutions for transforming and upgrading the traditional fish supply chain.
The project will address the fishing industry’s current pain points:
- Tedious and slow paperwork for fisheries and SFM.
- Little feedback information resulting in lack of trust from SFM and the end consumers.
- Lack of subjective fish quality assessment.
- Lack of online trading.
The project has 3 phases and is expected to be completed in 18 months:
- Phase 1: Fish Provenance & Quality.
- Phase 2: Fish Tracking & Online Trading.
- Phase 3: System Integration & Trial.
The expected outcomes of the project are:
- Less paperwork because of automated processes for both fisheries and SFM.
- Objective fish quality assessment.
- Online trading for SFM.
- More information for the end consumer on fish origin, species, size, condition, quality etc.
- For Sales Enquiries contact UCOT’s Sales Director Mike Verhoeven on +61 403 491 144 or mike.verhoeven@ucot.world.
That just about wraps up this weeks report, be sure to hit the ‘follow’ button to make sure you’re up-to-speed with the latest news and information. See you all next week!
ℹ️ Interested in owning some UCOT? Buy $UCT now via OKEx
ℹ️ Event Link: Disruptive innovation 2018, Sydney
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