7PLUS COIN is designed to improve healthcare supply chain management and the tracking process of COVID-19

7PLUS COIN is designed to improve healthcare supply chain management and the tracking process of COVID-19






About Yeh Group

Yeh Group is Penn Asia’s parent company with paid up capital of 500 million Baht a warp and weft knitting business with its dyeing and finishing. The company is located in Thailand, the heart of Southeast Asia, only 35 km west of Bangkok. Yeh Group manufactures functional fabrics (intimate apparel and sportswear) for the global market. The company manufactures mainly nylon and spandex yarns, although polyester with spandex is gaining ground as they serve as rigid fabrics. Yeh Group has been working in partnership with notable regional brands in underwear and sports for more than 25 years.

Penn Asia has about 350 employees, while Yeh Group has approximately 1000 employees. Owing to the outbreak of the COVID-19 pandemic, Yeh Group has given more attention to the production of novel, highly protective textile materials with biological and chemical protection. This included their innovation of new drydye dying and printing microfiber face masks for medical and daily use.

The global blockchain technology market volume was estimated at USD 1,590.9 million in 2018 and is expected to grow at a CAGR of 69.4% between 2019 and 2025. Blockchain technology is one of the most promising future technology trends in information technology. This allows for a ledger that can be accessed by the parties involved in a transaction and can act as a universal, irrefutable depository for all transactions between the parties involved.

The Yeh Group is developing a digital asset called 7PLUS COIN (7SVN COIN) that will serve as a utility token to facilitate transactions and traceability of COVID-19 medical textiles.

The outbreak of the COVID-19 pandemic has exposed shortcomings in the health supply chain processes. 7PLUS COIN is designed to improve healthcare supply chain management and the tracking process of COVID-19 medical textiles such as face masks, gloves.

Over the years, the Yeh Group has built a reputation for entrepreneurial innovation through early investment in digital printing, the creation of strategic tailoring and lamination partners, and the first opening of a CO2 dyeing industrial plant that allows polyester fabrics to be dyed without the need for dyeing. use of any water. Today Dreydy technology supplies over 10 million m2 of environmentally friendly dyed fabrics.



Problems & Solutions

1. Poor healthcare and pharmaceutical supply chain management and tracking

This was a huge problem during the coronavirus pandemic heat. Government agencies found it very difficult to track the volumes and locations of essential supplies. It had a devastating impact on curbing the spread of the virus and protecting the population.

Solution

A blockchain-enabled supply chain allows immutable, transparent, and efficient tracking of medical supply from its production point down to the consumer. Across the supply chain, the blockchain helps to provide information, transparency, proof, accuracy. with such information, supply chain associated risks will be at its minimum for all parties; manufacturers and consumers inclusive.

2. Lack of confidence and Public panic

When it was discovered that the face masks from China to Europe (UK, China, Ireland, etc.) were contaminated, it spread panic among the population. Public panic will do more harm than good as we try to tackle the outbreak of this pandemic.

Solution

A blockchain system that securely tracks and proves the ingredients, production volumes, availability, and quality will significantly improve public confidence in the materials and even drugs. The blockchain system will enable fact-based information sharing. Tracing the origin and endpoints of medical textile material will reduce unnecessary exposure and legal risks.

3. Lack of ease of payment

Traditionally, cross border payments come with high banking fees and time delays due to physical distance. This has really not helped the fight to combat the spread of the coronavirus pandemic. The delay in processing transactions stalls the transportation of medical textile materials on time to places they are needed. Also, large multinational companies find it difficult to keep track of numerous business deals and accounts financially.

Solution

To solve the lack of ease of payment in the supply chain of COVID-19 medical supply kits, one can adopt a digital asset payment system to make it easy for both manufacturers and buyers. A good example of such digital assets is the 7PLUS COIN being created by the Yeh Group of companies.

4. Counterfeit products

The counterfeit drug market is worth a staggering $75 billion annually, including medical textile supplies. On July 24, 2020, INTERPOL reported global seizures of falsified medical products related to Covid-19. The seized items include 34,000 counterfeit and substandard face masks. At a time when standard medical textile supplies are essential, we can’t afford to allow the proliferation of counterfeits into the global market.

Solution

With the decentralized and immutable record features that blockchain offers, we can track every COVID-19 textile medical supplies journey to verify its authenticity or the lack thereof.


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Improving fashion trends, increasing disposable income and changing lifestyles and consumer preferences are expected to drive market growth. The growing concern about the fabric used to make underwear is one of the main factors driving the market. The availability of products in a variety of fabrics such as cotton, polyester, nylon, rayon, silk and cotton blends is driving demand for the product. Manufacturers focus on intimate product design and patterns such as thongs, C-strings, tangas and bandages, among others, to cater to a wider consumer base.

Presale:
Pre-sale will start on Friday, February 12, 2021 at 07:00 (GMT + 7).
Total Sales: 0.0000 (0.00%)
SV7 Softcap Period: 16 days
Hardcap Period: 60 days
Today: 0 SV7
Total ETH: 0.0000 ETH
Soft Cap: 20,000,000 SV7

Token Details:
Ticker: 7PLUS COIN (SV7)
Date: Fri, 12 Feb 2021 07:00 (GMT + 7)
Price: 1 SV7 = 0.10 USD
Softcap: 20,000,000
Hardcap: 180,000,000
Tech: ERC-20

More information:

AUTHOR

Bitcointalk Username: oneal.ngeplox
ETH Wallet Address : 0x647Cd0A9B5108980BF3bf3672b739376FFA167a9


at February 11, 2021

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