Range Intelligent Is Said to Explore Second Listing in Hong Kong
Range Intelligent Computing Technology Group Co., a Chinese data center business services provider, is considering a second listing in Hong Kong, according to people familiar with the matter.
The company has held initial talks with prospective advisers about a share sale, the people said, asking not to be identified because the discussions are private.
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That answer is blockchain. Why Blockchain Is Uniquely Suited To Combat Food Fraud For those unfamiliar with blockchain technology, a simple explanation is that it provides a shared ledger that stores records across a wide computer network, making it one of the most transparent, immutable and tamper-resistant technologies in the world. While traditional and smaller businesses have sometimes been slow to adopt new technologies, blockchain is one solution that has the ability to revolutionize supply chain traceability and authentication. Traditional supply chains, particularly for more traditional or long-established food and beverage suppliers, often rely on more outdated processes to conduct business: spreadsheets, email orders, manual intake forms, paper-based contracts and other difficult-to-trace processes. These processes make it hard to track products, ensure authenticity and understand transportation or storage conditions. In each of those processes, whereby information cannot be easily verified, the possibility of error or even outright fraud is introduced. This is where blockchain really comes into its own. An Ancient Product Meets The Most Modern Technology In 2021, the Cardano Foundation, in partnership with Scantrust, was given the opportunity to showcase blockchain technology and solve a problem for a unique enterprise: How could small and growing wine producers in Georgia, thought to be some of the oldest wine producers in the world, ensure the authenticity of their products while breathing new life into the knowledge and appreciation of Georgian wine on a global scale? We helped them leverage a bespoke supply chain traceability and anti-counterfeit solution that could allow artisan producers to meet digitally savvy consumers on a global scale. 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In this case, this included markets they had never sold in before, allowing the organization to extend sales and marketing reach in those areas if they so wished. Similar success stories have been seen with major global organizations. French supermarket conglomerate Carrefour first piloted this technology with chickens in 2018. Siemens, too, has implemented blockchain solutions to help with seafood traceability. Implementing Blockchain Successfully Food fraud may never be fully eliminated, and blockchain, while revolutionary, is not a silver bullet. If you are vetting a solution that promises immediate gains without a bit of trial, error and training, be wary. As an emerging technology, "out-of-the-box" blockchain solutions are not ubiquitous, so partnering with a resourced and knowledgeable provider is essential. As we experienced with our Georgian wine solution, with new practices, employee training and regular testing are essential to a smooth implementation process. This also demands buy-in from all stakeholders. If your entire team isn't on board—and up-to-date on how to use this new technology—you won't get very far. These initial start-up challenges are not insurmountable, though. With some due diligence, it's possible to get past those stumbling blocks and start reaping the benefits of blockchain technology, a solution that I believe poses a modern solution to an ancient problem. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
