Namahe leverages A.I. to power up their blockchain - Reuters


Namahe leverages A.I. to power up their blockchain

Namahe leverages A.I. to power up their blockchain

Sat Jun 9, 2018 - 05:30am UTC

Fintech startup Namahe is utilizing avant-garde A.I. solutions from Google, IBM and Adqura to build a revolutionary platform for supply chain management.

Singapore – June 9, 2018

Namahe, the first supply chain solution-based on blockchain technology, has announced a new partnership with Adqura, a recognized provider of real-time decision-making solutions, to help develop the A.I. component of their new platform to be released next year. This adds to their existing collaborations with TensorFlow (Google) and IBM’s Hyperledger.

Namahe incorporates A.I. with blockchain technology to produce a secure ecosystem, where businesses can save on costly audits and improve efficiency in their supply chains.

While blockchain will bring transparency to the value chains, Namahe expects A.I. to produce an automated decision-making system, able to make adjustments in real time to the supply chain. The Namahe platform will therefore be able to implement corrective measures in real time, and even produce predictions for future markets, reducing waste and improving productivity.

Sameer Prakash, co-founder, and Director at Adqura had these words to say about the partnership;

“At Adqura, we are at the forefront of using A.I. and intelligent decision-making to provide innovative solutions in our rapidly evolving digital world. We are excited to partner with Namahe and bring our expertise on board to build a class leading Smart Blockchain platform.”

Kumar Mudaliar, co-founder of Namahe was also available for comment, stating that;

“With the Namahe platform, we aim to massively overhaul the industries involved in the supply chain by incorporating an A.I. layer into the mix.”

Brands adopting Namahe’s solution will show the full transparency of their supply chain, therefore, avoiding negative publicity, saving millions on big audits and maintaining customer loyalty. Namahe estimates the market for their platform to approach $350 million USD per year by 2020.

Namahe launched the first phase of their crowdfunding, with their NMH token being available for purchase in a public pre-sale on Early investors can take advantage of a 20% discount during the first two weeks.

More on Namahe and A.I

Namahe will boost the efficiency of supply chains by allowing this A.I layer to seamlessly monitor the supply chain in real time, looking for anomalies in the patterns to detect fraud, delays and unusual events, and flagging the data for review.

Over time, this system will expand its skill-set using machine learning libraries and is expected to quickly reach a level where it can act autonomously, reacting to events much faster than previously possible based on the confidence of its observations, eventually being capable of making predictions about future markets.

About Namahe Limited

Namahe was first founded in 2010 by Ajay Lakhwani and Kumar Mudaliar. The company is now based in Singapore and employs an international team of 10. Namahe wants to leverage blockchain and A.I. to revolutionize supply chain management. Brands adopting Namahe will allow transparency and security of their supply chain, therefore saving on big audits and ensuring ethical sourcing. Namahe represents a major opportunity to introduce a disruptive idea that addresses both inefficiencies in the value chain and social inequalities. In May 2018, Namahe received the « World’s Greatest Brand 2017-2018 Asia » award in the Technology & Sustainability category.

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