On June 28th, the “China Europe Blockchain Technology Application Forum 2018” took place, jointly

sponsored by Jiuqu Technology and representatives from OSA DC.

OSA DC China Business Development Lead, Anton Cherchenko believes that blockchain technology can be applied in supermarkets chains, offering benefits like quantity statistics, real-time inventory reporting, sales forecasts, and product stock predictions. These benefits save costs.

The “China Europe Blockchain Technology Application Forum 2018” was recently held in Chongqing, China.

Today, “Applications for Blockchain Technology of China and Europe 2018”, sponsored by Nine Zone Science & Technology and the Quartic Element Blockchain Club, was also held in Chongqing. The meeting brought blockchain experts from China, Russia, the United States, and Italy together to discuss the future of blockchain.

Anton commented, “We are often unable to discern the fall of commodity and time-consuming problems, such as looking for goods in the supermarket. If applying blockchain in Retail, consumers can get reliable product information, and apply Big Data to user habits, then the Retail industry will become more efficient and effective. The applications of Artificial Intelligence and blockchain in retail can manage the entire Retail industry system and be utilized in supermarket chains. It can provide statistics in real time, manage inventory, forecasting sales predicting stock in advance, while giving cost-savings benefits. For consumers, the benefits of convenient shopping and health is enormous.”