Empowering new retail Xunlei provides blockchain technology for vending machines

The world’s leading shared computing and blockchain technology innovation company, Xunlei, officially announced on December 13, 2019 that it had reached a strategic cooperation with Shenzhen Qianhai Breathing Technology Co., Ltd. to apply the leading technology of Xunlei Chain in the vending machine industry through Xunlei. Chain empowers the retail industry. Digitalization of vending machine assets. Blockchain inspires industry changes. Vending machines are an important part of offline retail and convenience services. Although they have been growing since they entered China around 2000, they still have a gap compared with developed countries in automated retailing. It's very obvious. At present, there are about 200,000 vending machines in stock in my country, accounting for only 1% of the global stock, which is still in its infancy. At the same time, Japan, as the most successful country in the field of vending, operates 5.8 million vending machines, with an average of one device for every 23 people, and annual sales of more than 60 billion U.S. dollars; approximately every 35 people in the United States have one vending machine. The total number of vending machines with 6.91 million units ranks first in the world. Even when only counting the urban population, my country's average of about 4,500 people owns a vending machine; in 2018, China's self-service vending machine market is about 2.7 billion US dollars. Whether it is the total number of equipment, the number of equipment per capita, or the scale of sales, they lag far behind advanced countries. Through this strategic cooperation, Xunlei and Qianhai Breathing Technology have introduced blockchain technology to the deep energy station of vending machines, innovatively combined with the crowdfunding model, and turned each vending machine into digital assets, so that everyone can follow Own ability, invest in vending machines and get due share of operating profit. With the help of blockchain technology, the lack of trust between investors and financiers in the traditional crowdfunding model, the unequal investment and return between different investors, and the difficulty of transferring investment assets, can all be linked to the chain through property rights information and the whole chain Traceability, automatic ownership of rights and interests, and digital asset splitting are resolved. Through the underlying platform of the vending machine built by the Thunder Chain, each vending machine can be turned into a digital asset that is easy to split, and each investor can choose the investment share according to his own ability; after the vending machine goes online, the business Profits will be automatically divided in proportion according to asset shares to protect the rights and interests of each investor. Just like UBER does not own a taxi and Airbnb does not own a house, through blockchain technology, it will activate China's vending machine market without having to own any vending machines. The industry has a huge market gap and meets the opportunities of the times. Vending machines were born in the 1960s and 1970s. They have made great progress in the US and Japanese markets. With reference to the experience of the world’s two leading markets, the number of vending machines in cities with a per capita GDP of more than US$10,000 It will usher in rapid development; on the other hand, with the development of China's economy, labor costs and rent costs have risen sharply, which also creates opportunities for the development of vending machines. From the perspective of the industry environment and demand gaps, there are obvious gaps in China's vending machine market, and there is huge potential for development. However, China's vending machine market has always been unbalanced in geographical development. 85% of the equipment is in the eastern region; it has never been approved by capital, and it is difficult to obtain start-up funds; industry standards and systems are not perfect. These problems limit the development of the vending machine industry, and blockchain technology is the best way to solve the problem. The leading performance of Xunlei Chain's million TPS and second-level confirmation is sufficient to support the massive data after the explosive growth of the vending machine market and provide the same quality service experience as the centralized service. With the help of blockchain technology, the possibility of the collapse of the centralized system is avoided, the cost of trust between different entities is greatly reduced, intrusion prevention, fair disclosure, not only protects the interests of each investor from being infringed, but also protects property rights Clearly, provide fast and convenient asset transfer services, promote capital circulation, and create a new and good environment for the entire vending machine ecology. At present, Xunlei Chain provides technical support for many government and enterprise organizations such as China Copyright Protection Center, Guangzhou Local Financial Blockchain Credit Sharing Platform, Huayang Lianzhong, Southern New Media, One Foundation, etc., covering finance, copyright, traceability, and public welfare. , Insurance, transportation, genetics, supply chain, new retail and more than a dozen fields. Entering the vending machine industry this time, Xunlei Chain not only reduces the initial capital threshold and investment risk for the industry, it can also provide a supporting blockchain product traceability service to enhance consumer trust, which is conducive to the rapid expansion of the entire market’s sales scale , Coupled with the privacy protection technology independently developed by Xunlei, can ensure the security of commercial confidential information while ensuring the traceability of the data on the chain, eliminating the worries of the entities at all levels of the entire industry chain. I believe that as the combination of blockchain technology and the industry becomes deeper and deeper, the vending machine industry will become an important part of the nation’s entrepreneurship. With the opportunity of the times, it will usher in explosive growth, and it is expected to jump to tens of millions in a short period of time. , Becoming the world's largest vending machine market. The above information is shared by vending machine manufacturers. Please mark the reprint. Previous post: A composite coffee vending machine debuts in Taiwan to provide customized drinks