What are KPIs when deploying LINA Supplychain into each corporation ?
We have planned the implementation of the Supply Chain with criterias for each corporation as below:
-Costs will be reduded by 12% within 3 years, administrative costs can be reduced by 15-30%.
-The system will be more focused and always ready to set up strategic plans, enhance the reputation of quality products and services for customers.
-Synchronization data management for corporations to bring full compatibility with LINA’s Blockchain management system. Corporations or businesses can manage or completely coordinate their business on the Blockchain platform.
Why trading volume of LINA so low ?
Almost investors hold large amounts of LINA token, they appreciate the potential of the project and therefore rare to sell. As a result, the volume of Token being traded on the market is not high, that why Lina’s volume is not high.
Which stage are other LINA’s projects at? When will those applications be implemented?
LINA’s projects have been implemented as roadmap, even supplychain products have been launched before the roadmap, the roadmap for the following products as below:
– LINA Review releases the mainnet in November 2018
– LINA Supplychain has launched the first product, then continues to expand partners around the world.
– LINA Identity has been in the research stage and do pre-feasibility study with the Department of Science and Technology Lao.
– LINA Healthcare has been also in the research stage and collaborate with the University of Medicine and Pharmacy HCM.
– LINA Education has been researching the optimal solution with Stanford University and University of Manhidol in Thailand.
– Moreover, LINA has made great strides in the field of Fintech, signing with several major partners from Japan, Indo and India. Specifically, on October 31, LINA has signed MOU with the Korean Fintech Association with the aiming of promoting cooperation and expanding relations.
Why LINA announces many good events but still not popular in Vietnam?
Since LINA focuses on building products and informational sites. Now, LINA will focus on building the entire community.
After releasing mainnet, does LINA Token switch to another blockchain? Why?
Mainnet LINA has been launched this time as Mainnet of Private Chain Lina, Token LINA is used for payment on public chain still running on ERC-20 platform, so it will not change to another Blockchain. However, after launching the Mainnet of Private Chain, if any platform has better transaction processing speed than ERC-20, Token LINA will be able to switch to it (This will be notified in details)
Would LINA NETWORK cooperate with Government of Vietnam to apply Blockchain into state management?
LINA NETWORK is currently focusing on building the LINA Identity platform for the Laos government under the previous contract. Once completed, LINA NETWORK will apply the advantages, as well as efforts to overcome the existing shortcomings to apply to other governments later.
Chairman of LINA NETWORK has shared this foundation for a nation of more than 90 million people like Vietnam, it would be a big issue to mobilize a lot of resources. However, it is likely that LINA NETWORK will move in the direction applying this platform for a specific province in Vietnam, after completion with the Lao government.
When LINA’s Supplychain applied to corporations, how compatible of it into the corporate system?
When designing Blockchain technology application into Supplychain Management, LINA tried to build in line with common standards of most Supplychain models in the world. So when bringing the application into the corporation, it has achieved relatively high compatibility. However, the remaining difficulties include many factors such as:
-LINA’s Supplychain model builds on a common foundation when applied into specific corporations or companies that will have to change, adapt to specific country, sector or standards and requirements also different.
-Corporations using different management softwares which are not synchronized so there is no close linkage.
-Technology constraints, such as corporations operating in agriculture and seafood. The area of harvested agricultural and marine products in remote, near mountain or border areas, offshore. Most of the data is stored on paper, and identified by Excel file, not recognized by the transition management software.
Does LINA’s Supplychain definitely reduce costs and increase revenues for corporations?
Building blockchain into the first supplychain management has aligned the whole process of the corporation / company to reduce operating costs, along with increasing the trust of customers in the product / brand value. That is the immediate benefit brought to the corporations.
LINA’s platform runs on Ethereum, so if the Ethereum platform crashed, what would happen to LINA’s platform?
LINA Platform will use Hybrid Architecture, which connects main public network Ethereum (mainnet) with a private, high-performance blockchain service system that is responsible for providing LINA Token is built on the ERC20 platform of Ethereum.
If the Ethereum system has trouble, it will only affect the LINA payment and all other lina operations will be handled on the private chain so it will not be affected