Korean system integrator launches ‘ChainOne’
CJ OliveNetworks, a top-tier South Korean system integrator, announced on Dec. 19 that it had introduced blockchain technologies to logistics for the first time in the country.
The Seoul-based company said that the blockchain system is dubbed “ChainOne,” geared toward enabling secure supply for medical products.
Toward that end, the company’s artificial intelligence research center joined hands with its logistics teams after the virus pandemic to make the stable supply of medical items very significant.
ChainOne, which braces for the private blockchain offered by Amazon Web Service, enhances visibility and traceability through the decentralized structure, according to CJ OliveNetworks.
“This year’s buzzword of the logistics industry was a cold chain. In dealing with COVID-19, the medical logistics system is as crucial as quarantine,” CJ OliveNetworks AI research chief Son Jong-soo said.
“With advanced technologies, we will build trustworthy logistics infrastructure and management system to help improve the medical logistics system.”
As a low temperature-controlled supply chain, a cold chain refers to an uninterrupted series of refrigerated production, storage, and distribution activities.
Related equipment and logistics are essential in an unbroken cold chain to maintain the quality of medical products through a desired low-temperature range.
CJ OliveNetworks is headed by chief executive Cha In-hyok.