SF Holding’s annual report released, multiple blockchain technologies have been implemented

Recently, SF Holding released its 2018 annual report.

The annual report shows that in 2018, SF Holdings achieved operating income of 90.943 billion yuan, an increase of 27.60%. In 2018, while SF Express contributed sustainable and healthy revenue from its traditional businesses, it also developed new businesses with strong momentum. In 2018, the company's express business revenue growth was higher than that of the express delivery industry as a whole.

Strategy: Use blockchain and other technologies to build an "information network";

SF Express Holdings is a leading integrated express logistics service provider in China, with strong technological capabilities and a unique core competitiveness in the industry.

The report shows that in 2018, SF Express invested 2.723 billion yuan in technology, and the number of technology employees exceeded 5,754 (including outsourcing). As of the end of the reporting period, SF Holdings had obtained and was applying for a total of 1,645 patents and 649 software copyrights. It also clearly stated that SF Express will build itself into a technology-driven industry solution service company.

In terms of technology strategy, SF Holding has a huge logistics network that connects domestic and foreign countries, and has built a unique and rare smart logistics network that combines "sky network + ground network + information network". Among them, technologies such as blockchain play an important role in information networks.

“Skynet” refers to the air transport network composed of all-cargo aircraft + bulk flights + drones;

"Ground network" refers to a network mainly composed of business service outlets, transfer and distribution outlets, land transportation networks, customer service call networks, and last-mile networks.

"Information Network" refers to a network composed of various big data, blockchain, machine learning and operations optimization, voice/image/computer vision/smart security inspection AI recognition, smart logistics maps, etc.

Application: Blockchain technology is implemented in smart logistics projects

Blockchain technology application is one of SF Holding’s major smart logistics projects. SF Holding’s logistics products mainly include:

A variety of express services: time-sensitive express, economic express, intra-city distribution, warehousing services, international express and other express services: cold chain transportation services such as heavy cargo express with LTL as the core: cold chain transportation services are provided for customers in the field of fresh food, food and medicine. Value-added services: value-added services such as price insurance, payment collection and other value-added services

SF Holding has combined its own business and blockchain technology to implement the application of blockchain technology in multiple fields, such as:

1. In terms of pharmaceutical traceability, based on the GS1 coding standard, combined with cold transport business and pharmaceutical warehouses, full-chain drug tracking is achieved to ensure drug quality;

2. In terms of smart agriculture, blockchain and IoT technology are used to manage the data of the entire life cycle of agricultural products to ensure food safety, and combined with the application of big data technology to help farmers reduce planting costs and improve planting quality;

3. In terms of cross-border traceability, the new model of bonded warehouse front-end combined with community retail has been used to create a new customs clearance model, which greatly reduces the customs clearance time of goods, etc.

In 2018, SF Express won the "Top Ten Cases" of the end-to-end medical source system based on GS1 coding and blockchain technology and the "Top Ten Enterprises" of the Blockchain Application Innovation Award awarded by the China Federation of Logistics and Purchasing.

In addition, in terms of information security, SF Holding, as a representative of the logistics industry, participated in the network security standardization technology review organized by the National Information Security Standardization Technical Committee, covering blockchain technology, artificial intelligence technology, network security situation awareness, etc.

Regarding the company's key business plans in 2019, the report pointed out that in 2019, SF Holding will strengthen the construction of technological architecture and data capabilities, realize the technologicalization of the entire logistics process, realize intelligent transformation driven by innovative technologies such as AI, cloud, automation and robots, and the interconnection of everything within reach.

(Source: Babbitt)