May 17, 2020

Eximchain raises $20mn in funding for blockchain powered supply chain platform

Eximchain
Supply Chain
Blockchain
Supply Chain
James Henderson
3 min
Eximchain's supply chain platform has raised $20mn in funding
Supply chain applications firm Eximchain has raised $20mn for its blockchain platform from investors in a successful funding round.

The company says it...

Supply chain applications firm Eximchain has raised $20mn for its blockchain platform from investors in a successful funding round.

The company says its “mission” is to become the blockchain infrastructure for supply chain applications, to fill in the gap of over $5.2trn lost in potential revenue each year, due to the lack of transparency, connectivity, and agility in the global supply chain industry. 

Eximchain is developing a blockchain that combines privacy, accessibility, and security to support enterprise-ready applications.

Key to its offering is leveraging the power of blockchain, so stakeholders within a supply chain can connect, transact, and share information more efficiently and securely.

The company is going through the airdrop process, which replaces the traditional token generation event. The airdrop program rewards early community members, while at the same time addressing the risk and longevity of the project and leveraging the Eximchain network.

Eximchain’s airdrop will consist of approximately 1.5mn EXC,which can be converted to its native token upon Eximchain mainnet launch, and will be open only to whitelist participants that pass the KYC procedures.

SEE ALSO:

Eximchain’s public blockchain uses private smart contracts so transaction data and trade secrets are encrypted, secure, and kept secret from competitors. A variety of supply chain solutions can be built on Eximchain blockchain:

  • Sourcing – Eximchain Smart Contracts securely record historical data and transactions allowing suppliers to prove their reliability to buyers and rating institutions
  • Supply Chain Finance – Eximchain Smart Contracts allow financiers to verify the validity of orders placed with all upstream partners and suppliers and provide the necessary financing
  • Inventory Management – Eximchain tools enable stakeholders to seamlessly track demand and inventory information across a common ledger
  • Eximchain SDK  – The Eximchain SDK enables companies to quickly build customized, end-to-end, supply chain applications with data privacy

“After experimenting POCs on Ethereum or private blockchains, the enterprise world is looking for technical solutions that can be deployed immediately to solve real supply chain problems”, said Hope Liu, Co-Founder and CEO of Eximchain.

“There is a huge potential for blockchain technology to revolutionize supply chain processes, and we are all excited to see the progress that Eximchain will help bring to this industry. The successful funding round we have achieved shows the viability and importance of such a project.”

The investors include: FBG Capitial, Hashed, INBlockchain, Alphabit, Signum Capita, Kinetic Capital,GBIC, 1kx and Connect Capital. Eximchain has also developed partnerships through the fundraising process with business owners who are interested in developing real world use cases on the platform and participated as strategic investors to build pilots on Eximchain platform.

Share article

Jun 23, 2021

Japan Seeks to Revive Stalled Semiconductor Industry

TSMC
Taiwan
Japan
Semiconductor
Elise Leise
3 min
As international supply chains falter, the Japanese government intends to incentivise foreign chipmakers to build localised foundries

Post-pandemic, Japan has seen the consequences of relying solely on foreign imports for its semiconductors. Over 64.2% of its chips are usually imported from South Korea and Taiwan, leaving the country dependent on its neighbours. Industries from auto manufacturers to consumer electronics firms wait for chips, to no avail. But now, the Japanese government looks likely to put real funding behind its semiconductor industry, with top officials emphasising their support.

 

Domestic supply chains have never been more important. Rather than remain tied to international shipping routes during shortages and delays, governments are doing everything in their power to develop local lines of supply. But the question remains: can Japan pull it off? 

 

How Will Japan Pay For It? 

Herein lies our first issue. Japan’s debt has rapidly increased over the past few years, and the semiconductor industry will need roughly a trillion yen—US$9bn—in this fiscal year alone. This cost, however, pales in comparison to what Japan could lose if it fails to keep up with Europe and the US. Both nations have launched aggressive funding measures to revive their local semiconductor industries. And if Japan refuses to invest due to its debt, it could slow down progress in fields ranging from artificial intelligence to autonomous driving. 

 

According to Tetsuro Higashi, the former president of Tokyo Electron and Japan’s top government advisor in semiconductor strategy, ‘If we miss this opportunity now, there may not be another one’. Yet one advanced wafer fabrication factory can cost more than US$10bn, and any money poured into the industry will go fast. That’s why Japan, rather than invest trillions and trillions in failing domestic firms, is considering a second option. 

 

What Do They Plan To Do? 

Japan now intends to look abroad and convince overseas chip foundries to come to its shores. Its past failures mostly centred on trying to merge domestic firms that were already going through tough times. ‘This sort of made-in-Japan self-reliance approach hasn’t worked out well’, said Kazumi Nishikawa, a director at the Ministry of Economy, Trade, and Industry’s IT division. ‘This time the goal is to offer a strong incentive for an overseas logic foundry to come to Japan’. 

 

As follows, Japan will now reach out to industry partners and leaders in other countries, including the industry heavyweight Taiwan Semiconductor Manufacturing Co. (TSMC), to build Japanese bases. According to the South China Morning Post, the heart of Japan’s mission is a US$337.2mn research and development project in Tsukuba that will involve TSMC and more than 20 Japanese firms. ‘I think we need to cooperate with our overseas counterparts’, said Akira Amari, a senior member of the ruling Liberal Democratic Party. ‘[And] TSMC is the world’s top logic chipmaker’. 


Indeed, if that’s Japan’s strategy, the future looks bright. TSMC recently set up a venture near Tokyo to research energy-efficient 3D chips with several Japanese partners. And in the future, the multinational chipmaker may consider expanding its Japanese operations—that is, if government incentives pave the path forward.

Share article