Domino’s Pizza has announced that it will be implementing blockchain-based solutions for operations related to logistics management in Singapore and Malaysia.
According to Cointelegraph, Domino’s will be working with its partner SingularityNET to launch a new platform which uses artificial intelligence (AI) algorithms and blockchain-powered solutions. The aim is to enhance the company’s operations regarding logistics and supply chain management in Malaysia and Singapore.
The joint press release from Domino’s Pizza and SingularityNET added that the AI system will operate on the SingularityNET Beta platform, which runs on an Ethereum (ETH) blockchain-enabled decentralized marketplace launched earlier this year in February.
The companies revealed that the goal of the project is to upgrade the operations of Domino’s Pizza by carrying out feasibility studies, organizing workshops centered around AI solutions, and developing new algorithms that will address demand in the food and logistics industry.
Domino’s Pizza currently operates over 260 stores in Malaysia and Singapore, employing more than 4,000 staff in the two countries.
The move is hardly the first technologically forward initiative from Domino’s Pizza, as it previously allowed customers to pay for Domino’s Pizza with Bitcoin through services such as PizzaForCoins.
Meanwhile, SingularityNET has also worked with Chinese companies to provide AI algorithms in various fields, such as Computer Vision, Optical Character Recognition, and model training.
SingularityNET has also inked a deal with Hara, a startup in the agriculture sector, to work on a blockchain-powered solution that will send information to Indonesian farmers to keep them updated on soil quality, land ownership details, and prices of agricultural commodities.
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