'SPDB Finwarehouse is a pilot digital finance project. They can count cargo stacks through Pangu models and verify them using the scanning code, weight data, and trade background data. In the SPDB Finwarehouse Monitoring Center, operators can easily verify the authenticity of inbound goods. Monitoring Center Ensures Authenticity of Inbound Goods It cross-validates data through digital twin technology, and performs comprehensive risk analysis on the goods, processes, personnel, and environment of the warehouse. The Huawei IoT platform implements GUI-assisted modeling, flexibly defines and builds models, and centrally manages them.With Pangu models, most models can be reused, reducing the number of samples required for training and shortening the project development period.Distributed RFID positions objects within meters, takes stock automatically, and tracks items in real time.The solution features the following technologies: This transforms regular warehouses into financial ones, integrating financial services into management and business processes.īased on the HUAWEI CLOUD platform, SPDB Finwarehouse makes every object identifiable, every alarm traceable, and every item trustworthy. As such, Huawei and SPD Bank are deploying intelligent IoT devices at warehouses along with introducing AI capabilities and multi-dimensional data verification. Logistics and warehouses frequently use digital technologies. Illustration: SPDB Finwarehouse: Trustworthy, manageable, and easy-to-dispose movable properties Trustworthy Asset Pool Powered by Smart IoT Both upstream and downstream enterprises can now access accurate financial services, which cover the entirety of the supply chain. Essentially, logistics, commercial, capital, and information flows become centralized, providing the necessary data to properly valuate movable assets. It integrates verified trade, perception, and market information, and uses it to determine ownership, valuation, and efficient disposal. The solution also helps accurately determine the value of goods. This makes goods supervision a lot easier and more effective. Inbound goods are matched with financing and lending, while outbound goods are linked with repayment. SPDB Finwarehouse uses RFID, weighing devices, and blockchain PDA devices to record objective information directly at the warehouse. In response to these issues, SPD Bank has designed a more precise and trustworthy solution. And without a disposal platform, goods are difficult to monetize. Even if supervision is precise, it is costly without digital means. At the same time, supervision companies may not always be completely ethical, which is why adulteration is likely to occur. For example, ownership may not be clear, so property is pledged several times. Often, movable properties are subject to several risks. Previously an area of financial services that wasn't seeing extensive digitalization, movable properties represent an innovation market space worth billions of yuan.Ĭhen Haining, GM of IT Department, SPD Bank SPDB Finwarehouse: Secure and Easy Management of Movable Properties The solution is designed for industrial supply chains and is an innovative way to manage pledges for movable warehousing properties. SPDB Finwarehouse is one of the important initiatives that has resulted from this partnership and direction. Following this, SPD Bank began to apply innovative digital technologies to promote the Bank of Things, partnering with Huawei to 'dive into digital'. Last year, SPD Bank and Huawei released the Bank of Things White Paper, which proposes a new financial services model and system. It is also a step towards consolidating the Bank of Things, as the solution uses IoT to secure movable property pledges, making every object identifiable, every alarm traceable, and every item trustworthy. The solution is one of the biggest milestones in joint innovation for financial digitalization.

Shanghai Pudong Development Bank (SPD Bank) and Huawei presented the SPDB Finwarehouse Solution at HUAWEI CONNECT 2021.

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